World Acceptance (NASDAQ:WRLD) Announces Quarterly Earnings Results

World Acceptance (NASDAQ:WRLD) announced its quarterly earnings results on Tuesday. The credit services provider reported $2.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.43, MarketWatch Earnings reports. World Acceptance had a net margin of 16.80% and a return on equity of 23.20%.

Shares of NASDAQ WRLD traded up $1.24 during mid-day trading on Thursday, reaching $182.32. 211 shares of the company were exchanged, compared to its average volume of 24,753. World Acceptance has a 52 week low of $63.64 and a 52 week high of $181.18. The company has a quick ratio of 14.24, a current ratio of 14.24 and a debt-to-equity ratio of 1.00. The stock has a market cap of $1.23 billion, a PE ratio of 13.50 and a beta of 1.59. The stock has a 50 day moving average of $160.62.

Several research analysts have commented on WRLD shares. Zacks Investment Research downgraded shares of World Acceptance from a “hold” rating to a “sell” rating in a report on Friday, July 9th. Stephens raised shares of World Acceptance from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $112.00 to $140.00 in a report on Thursday. Finally, Jefferies Financial Group reaffirmed a “sell” rating and set a $57.00 price objective on shares of World Acceptance in a report on Tuesday, April 13th.

In other World Acceptance news, SVP Jason E. Childers sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 17th. The shares were sold at an average price of $166.04, for a total value of $166,040.00. Following the transaction, the senior vice president now owns 14,049 shares in the company, valued at $2,332,695.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darrell E. Whitaker sold 1,700 shares of the business’s stock in a transaction dated Wednesday, July 21st. The shares were sold at an average price of $175.00, for a total transaction of $297,500.00. The disclosure for this sale can be found here. Insiders sold 4,292 shares of company stock valued at $742,140 over the last three months. 39.00% of the stock is currently owned by insiders.

World Acceptance Company Profile

World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, 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.

Further Reading: Cost of Goods Sold (COGS)

Earnings History for World Acceptance (NASDAQ:WRLD)

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