$1.95 EPS Expected for World Acceptance Corp. (WRLD) This Quarter

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.



Several research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on World Acceptance to $87.00 and gave the stock an “underperform” rating in a research note on Friday, May 11th. TheStreet upgraded World Acceptance from a “c” rating to a “b-” rating in a research note on Thursday, May 10th. Zacks Investment Research upgraded World Acceptance from a “sell” rating to a “hold” rating in a research note on Thursday, June 7th. BidaskClub upgraded World Acceptance from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, ValuEngine downgraded World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. World Acceptance presently has an average rating of “Hold” and an average price target of $84.50.

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.

Get a free copy of the Zacks research report on World Acceptance (WRLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for World Acceptance (NASDAQ:WRLD)

Receive News & Ratings for World Acceptance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Acceptance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply