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.
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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.
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