World Acceptance (NASDAQ:WRLD) announced its earnings results on Tuesday. The credit services provider reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.43, MarketWatch Earnings reports. World Acceptance had a net margin of 16.80% and a return on equity of 23.20%.
NASDAQ:WRLD traded up $0.03 during trading hours on Thursday, reaching $181.11. The company had a trading volume of 109 shares, compared to its average volume of 24,753. The company has a current ratio of 14.24, a quick ratio of 14.24 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 13.50 and a beta of 1.59. The stock has a 50-day moving average price of $160.62. World Acceptance has a twelve month low of $63.64 and a twelve month high of $181.18.
A number of equities analysts recently weighed in on the stock. Stephens raised shares of World Acceptance from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $112.00 to $140.00 in a research note on Thursday. Jefferies Financial Group reissued a “sell” rating and set a $57.00 target price on shares of World Acceptance in a research note on Tuesday, April 13th. Finally, Zacks Investment Research downgraded shares of World Acceptance from a “hold” rating to a “sell” rating in a research note on Friday, July 9th.
World Acceptance Company Profile
World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.
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