Equities research analysts forecast that World Acceptance Corp. (NASDAQ:WRLD) will post $146.98 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for World Acceptance’s earnings. The highest sales estimate is $150.01 million and the lowest is $143.94 million. World Acceptance posted sales of $144.57 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The company is scheduled to issue its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that World Acceptance will report full-year sales of $146.98 million for the current year, with estimates ranging from $540.79 million to $546.86 million. For the next year, analysts expect that the company will post sales of $571.33 million per share, with estimates ranging from $563.96 million to $578.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow World Acceptance.
World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Friday, January 26th. The credit services provider reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.42. World Acceptance had a net margin of 10.42% and a return on equity of 13.95%. The firm had revenue of $136.90 million during the quarter, compared to the consensus estimate of $137.99 million. During the same period last year, the firm earned $1.10 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of WRLD. MetLife Investment Advisors LLC bought a new stake in shares of World Acceptance during the 4th quarter worth $184,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of World Acceptance by 58.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after acquiring an additional 830 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of World Acceptance during the 4th quarter worth $202,000. Barings LLC bought a new stake in shares of World Acceptance during the 3rd quarter worth $207,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of World Acceptance during the 3rd quarter worth $221,000. 88.87% of the stock is owned by institutional investors.
Shares of World Acceptance (NASDAQ:WRLD) traded up $0.72 during trading hours on Friday, reaching $111.28. 90,048 shares of the company’s stock traded hands, compared to its average volume of 148,835. The company has a debt-to-equity ratio of 0.77, a quick ratio of 20.24 and a current ratio of 20.25. World Acceptance has a 1 year low of $47.45 and a 1 year high of $121.17. The company has a market cap of $1,010.00, a P/E ratio of 14.66 and a beta of 2.80.
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World Acceptance Company Profile
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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