Zacks Investment Research upgraded shares of World Acceptance Corporation (NASDAQ:WRLD) from a strong sell rating to a hold rating in a research note published on Thursday, October 5th.
According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “
Several other brokerages have also recently issued reports on WRLD. BidaskClub cut shares of World Acceptance Corporation from a hold rating to a sell rating in a research report on Tuesday, August 1st. BMO Capital Markets reissued a sell rating and set a $62.00 price target on shares of World Acceptance Corporation in a research report on Friday, June 16th. Finally, ValuEngine raised shares of World Acceptance Corporation from a buy rating to a strong-buy rating in a research report on Tuesday, August 1st. Three investment 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 company’s stock. The company has an average rating of Hold and a consensus price target of $59.00.
Shares of World Acceptance Corporation (NASDAQ:WRLD) traded up 0.43% during trading on Thursday, hitting $82.07. 11,644 shares of the company traded hands. The company has a market capitalization of $714.42 million, a price-to-earnings ratio of 10.30 and a beta of 2.39. The company has a 50 day moving average price of $80.46 and a 200 day moving average price of $73.32. World Acceptance Corporation has a 52 week low of $42.01 and a 52 week high of $88.26.
World Acceptance Corporation (NASDAQ:WRLD) last posted its earnings results on Thursday, August 3rd. The credit services provider reported $1.48 EPS for the quarter, missing the Zacks’ consensus estimate of $2.02 by ($0.54). World Acceptance Corporation had a net margin of 13.13% and a return on equity of 15.75%. The company had revenue of $128.90 million during the quarter, compared to analyst estimates of $125.74 million. During the same period in the previous year, the company earned $1.89 EPS. On average, analysts expect that World Acceptance Corporation will post $7.67 earnings per share for the current year.
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Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new stake in World Acceptance Corporation in the second quarter valued at approximately $117,000. Bank of Montreal Can raised its holdings in World Acceptance Corporation by 110.3% in the second quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock valued at $137,000 after acquiring an additional 963 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in World Acceptance Corporation in the second quarter valued at approximately $211,000. Tudor Investment Corp ET AL acquired a new stake in World Acceptance Corporation in the first quarter valued at approximately $217,000. Finally, Eqis Capital Management Inc. purchased a new position in World Acceptance Corporation in the third quarter valued at approximately $221,000. 91.96% of the stock is currently owned by hedge funds and other institutional investors.
World Acceptance Corporation 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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