World Acceptance (WRLD) Posts Earnings Results, Beats Estimates By $0.42 EPS

World Acceptance (NASDAQ:WRLD) issued its earnings results on Friday. The credit services provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.42, Bloomberg Earnings reports. The company had revenue of $136.90 million for the quarter, compared to the consensus estimate of $137.99 million. World Acceptance had a return on equity of 13.90% and a net margin of 12.02%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS.

World Acceptance (NASDAQ WRLD) traded up $19.63 during trading hours on Friday, reaching $117.31. The company had a trading volume of 549,201 shares, compared to its average volume of 98,953. World Acceptance has a 12-month low of $46.23 and a 12-month high of $119.23. The firm has a market capitalization of $865.11, a P/E ratio of 16.03 and a beta of 2.40. The company has a quick ratio of 16.43, a current ratio of 16.43 and a debt-to-equity ratio of 0.65.

A number of equities analysts have recently weighed in on WRLD shares. BidaskClub downgraded World Acceptance from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Zacks Investment Research downgraded World Acceptance from a “hold” rating to a “strong sell” rating in a report on Saturday, November 4th. Jefferies Group reiterated a “sell” rating and issued a $60.00 target price on shares of World Acceptance in a report on Thursday, October 12th. Finally, Stephens reiterated a “sell” rating and issued a $65.00 target price on shares of World Acceptance in a report on Thursday, January 4th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $62.33.

A number of large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. acquired a new position in World Acceptance in the fourth quarter worth approximately $1,190,000. Unison Advisors LLC acquired a new position in World Acceptance in the fourth quarter worth approximately $401,000. Louisiana State Employees Retirement System acquired a new position in World Acceptance in the fourth quarter worth approximately $202,000. Public Employees Retirement System of Ohio increased its holdings in World Acceptance by 216.8% in the third quarter. Public Employees Retirement System of Ohio now owns 7,866 shares of the credit services provider’s stock worth $652,000 after buying an additional 5,383 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its holdings in World Acceptance by 21.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 63,562 shares of the credit services provider’s stock worth $5,268,000 after buying an additional 11,200 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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About World Acceptance

World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.

Earnings History for World Acceptance (NASDAQ:WRLD)

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