World Acceptance (WRLD) Rating Reiterated by Stephens

Stephens restated their sell rating on shares of World Acceptance (NASDAQ:WRLD) in a research note published on Thursday, January 4th. Stephens currently has a $65.00 price objective on the credit services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Jefferies Group reiterated a sell rating and set a $60.00 price target on shares of World Acceptance in a research note on Thursday, October 12th. BidaskClub downgraded shares of World Acceptance from a hold rating to a sell rating in a research note on Saturday, December 9th. Finally, Zacks Investment Research upgraded shares of World Acceptance from a strong sell rating to a hold rating in a research note on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $62.33.

Shares of World Acceptance (NASDAQ:WRLD) opened at $87.87 on Thursday. The stock has a market cap of $778.23, a price-to-earnings ratio of 12.00 and a beta of 2.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 16.43 and a quick ratio of 16.43. World Acceptance has a 52 week low of $42.01 and a 52 week high of $88.54.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.83). World Acceptance had a return on equity of 13.90% and a net margin of 12.02%. The company had revenue of $131.00 million during the quarter, compared to analyst estimates of $130.20 million. During the same quarter in the previous year, the business posted $0.18 EPS. The company’s revenue was up 1.3% on a year-over-year basis. research analysts expect that World Acceptance will post 7.07 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of WRLD. Bank of Montreal Can lifted its holdings in shares of World Acceptance by 110.3% during 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 during the period. Arizona State Retirement System bought a new position in shares of World Acceptance during the second quarter valued at $233,000. Legal & General Group Plc lifted its holdings in shares of World Acceptance by 11.4% during the second quarter. Legal & General Group Plc now owns 10,982 shares of the credit services provider’s stock valued at $822,000 after acquiring an additional 1,126 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of World Acceptance by 14.0% in the second quarter. BNP Paribas Arbitrage SA now owns 5,422 shares of the credit services provider’s stock valued at $406,000 after buying an additional 665 shares during the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of World Acceptance by 5.1% in the second quarter. Federated Investors Inc. PA now owns 14,451 shares of the credit services provider’s stock valued at $1,083,000 after buying an additional 704 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

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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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