World Acceptance (NASDAQ:WRLD) Issues Earnings Results

World Acceptance (NASDAQ:WRLD) announced its quarterly earnings results on Tuesday. The credit services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $1.23 by $1.22, Zacks reports. World Acceptance had a return on equity of 19.85% and a net margin of 15.02%.

World Acceptance Price Performance

Shares of World Acceptance stock opened at $129.35 on Tuesday. The stock has a market capitalization of $743.76 million, a price-to-earnings ratio of 8.79 and a beta of 1.44. The company has a fifty day moving average of $117.77 and a 200-day moving average of $118.19. World Acceptance has a 52-week low of $101.85 and a 52-week high of $149.31. The company has a debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53.

Analysts Set New Price Targets

Several research analysts have commented on WRLD shares. StockNews.com raised shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Stephens initiated coverage on World Acceptance in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 target price on the stock.

Insiders Place Their Bets

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $114.30, for a total value of $62,865.00. Following the transaction, the insider now owns 11,370 shares in the company, valued at approximately $1,299,591. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.20% of the stock is currently owned by insiders.

About World Acceptance

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.