Jefferies Financial Group Weighs in on World Acceptance Co.’s FY2022 Earnings (NASDAQ:WRLD)

World Acceptance Co. (NASDAQ:WRLD) – Stock analysts at Jefferies Financial Group boosted their FY2022 EPS estimates for World Acceptance in a research report issued on Monday, October 11th. Jefferies Financial Group analyst K. Joseph now forecasts that the credit services provider will post earnings per share of $10.31 for the year, up from their previous forecast of $9.82. Jefferies Financial Group also issued estimates for World Acceptance’s Q2 2023 earnings at $0.85 EPS, Q3 2023 earnings at $0.68 EPS and FY2023 earnings at $7.04 EPS.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Tuesday, July 20th. The credit services provider reported $2.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.43. World Acceptance had a return on equity of 23.05% and a net margin of 16.67%. The firm had revenue of $129.66 million during the quarter, compared to analyst estimates of $122.77 million.

Several other brokerages have also recently issued reports on WRLD. Zacks Investment Research raised World Acceptance from a “hold” rating to a “strong-buy” rating and set a $228.00 price objective for the company in a report on Wednesday. Stephens raised World Acceptance from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $112.00 to $140.00 in a report on Thursday, July 22nd.

World Acceptance stock opened at $191.70 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 13.37 and a current ratio of 13.37. The business’s 50-day simple moving average is $192.11 and its two-hundred day simple moving average is $166.80. The company has a market cap of $1.28 billion, a PE ratio of 14.09 and a beta of 1.62. World Acceptance has a fifty-two week low of $82.44 and a fifty-two week high of $209.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in shares of World Acceptance by 11.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 2,000 shares of the credit services provider’s stock worth $379,000 after purchasing an additional 200 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of World Acceptance by 13.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,080 shares of the credit services provider’s stock valued at $583,000 after buying an additional 365 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of World Acceptance by 14.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 14,945 shares of the credit services provider’s stock valued at $2,395,000 after buying an additional 1,868 shares during the period. Morgan Stanley boosted its position in World Acceptance by 32.8% during the 2nd quarter. Morgan Stanley now owns 23,192 shares of the credit services provider’s stock worth $3,718,000 after purchasing an additional 5,731 shares during the period. Finally, Invesco Ltd. boosted its position in World Acceptance by 12.1% during the 2nd quarter. Invesco Ltd. now owns 36,626 shares of the credit services provider’s stock worth $5,868,000 after purchasing an additional 3,949 shares during the period. 83.60% of the stock is currently owned by institutional investors.

In other World Acceptance news, SVP Luke J. Umstetter sold 250 shares of the firm’s stock in a transaction on Friday, October 1st. The stock was sold at an average price of $189.09, for a total value of $47,272.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Darrell E. Whitaker sold 1,700 shares of World Acceptance stock in a transaction dated Wednesday, July 21st. The stock was sold at an average price of $175.00, for a total value of $297,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,720 shares of company stock valued at $4,413,848. Company insiders own 39.00% of the company’s stock.

About World Acceptance

World Acceptance Corp. engages in the small-loan consumer finance business. It offers short-term small instalment, medium-term larger loans, related credit insurance, ancillary products and services to individuals. The firm also offers income tax return preparation services to customers. The company also markets computer software and related services to financial services companies through its subsidiary ParaData Financial Systems.

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

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