Zacks Investment Research Downgrades World Acceptance Corporation (NASDAQ:WRLD) to Strong Sell

World Acceptance Corporation (NASDAQ:WRLD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Saturday, November 4th.

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 commented on WRLD. Jefferies Group LLC reiterated a “sell” rating and issued a $60.00 price target on shares of World Acceptance Corporation in a research report on Thursday, October 12th. BidaskClub upgraded shares of World Acceptance Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given 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.

World Acceptance Corporation (WRLD) traded down $1.93 during mid-day trading on Friday, reaching $75.50. 48,400 shares of the company traded hands, compared to its average volume of 124,489. The firm has a market capitalization of $685.76, a P/E ratio of 10.58 and a beta of 2.43. World Acceptance Corporation has a 1-year low of $42.01 and a 1-year high of $88.26. The company has a quick ratio of 16.43, a current ratio of 16.43 and a debt-to-equity ratio of 0.65.

World Acceptance Corporation (NASDAQ:WRLD) last issued its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.83). World Acceptance Corporation had a return on equity of 13.90% and a net margin of 12.02%. The business had revenue of $131.00 million during the quarter, compared to the consensus estimate of $130.20 million. During the same quarter last year, the firm posted $0.18 earnings per share. World Acceptance Corporation’s revenue was up 1.3% compared to the same quarter last year. sell-side analysts expect that World Acceptance Corporation will post 7.24 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. USA Financial Portformulas Corp acquired a new stake in World Acceptance Corporation during the 2nd quarter worth about $469,000. Prudential Financial Inc. raised its holdings in World Acceptance Corporation by 41.2% during the 2nd quarter. Prudential Financial Inc. now owns 62,592 shares of the credit services provider’s stock worth $4,689,000 after buying an additional 18,260 shares during the period. Koch Industries Inc. acquired a new stake in World Acceptance Corporation during the 2nd quarter worth about $265,000. AQR Capital Management LLC raised its holdings in World Acceptance Corporation by 70.1% during the 1st quarter. AQR Capital Management LLC now owns 67,274 shares of the credit services provider’s stock worth $3,483,000 after buying an additional 27,714 shares during the period. Finally, Seizert Capital Partners LLC raised its holdings in World Acceptance Corporation by 35.6% during the 3rd quarter. Seizert Capital Partners LLC now owns 6,563 shares of the credit services provider’s stock worth $544,000 after buying an additional 1,722 shares during the period. Hedge funds and other institutional investors own 92.34% of the company’s stock.

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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