Wall Street brokerages expect World Acceptance Corp. (NASDAQ:WRLD) to announce earnings per share of $1.95 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for World Acceptance’s earnings, with the highest EPS estimate coming in at $1.97 and the lowest estimate coming in at $1.93. World Acceptance posted earnings per share of $1.48 in the same quarter last year, which indicates a positive year-over-year growth rate of 31.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that World Acceptance will report full-year earnings of $9.23 per share for the current fiscal year, with EPS estimates ranging from $8.03 to $10.17. For the next financial year, analysts expect that the business will post earnings of $8.27 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover World Acceptance.
World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Thursday, May 10th. The credit services provider reported $3.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.94 by ($0.24). World Acceptance had a net margin of 9.78% and a return on equity of 13.82%. The company had revenue of $151.86 million during the quarter, compared to analysts’ expectations of $147.04 million. During the same quarter in the prior year, the business posted $3.64 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year.
Shares of World Acceptance traded up $0.07, reaching $115.01, on Friday, Marketbeat Ratings reports. The company had a trading volume of 33,700 shares, compared to its average volume of 89,018. World Acceptance has a 52-week low of $71.02 and a 52-week high of $121.17. The company has a current ratio of 13.78, a quick ratio of 20.24 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.05 billion, a PE ratio of 15.08 and a beta of 2.72.
A number of institutional investors have recently bought and sold shares of WRLD. CAS Investment Partners LLC purchased a new stake in World Acceptance during the 4th quarter valued at about $48,657,000. WINTON GROUP Ltd purchased a new stake in World Acceptance during the 1st quarter valued at about $5,827,000. JPMorgan Chase & Co. grew its stake in World Acceptance by 869.6% during the 1st quarter. JPMorgan Chase & Co. now owns 56,346 shares of the credit services provider’s stock valued at $5,933,000 after purchasing an additional 50,535 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in World Acceptance during the 1st quarter valued at about $5,102,000. Finally, Indus Capital Partners LLC grew its stake in World Acceptance by 17.5% during the 1st quarter. Indus Capital Partners LLC now owns 248,331 shares of the credit services provider’s stock valued at $26,149,000 after purchasing an additional 37,016 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.
World Acceptance Company Profile
World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as 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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