World Acceptance (NASDAQ:WRLD) Posts Earnings Results, Beats Expectations By $1.22 EPS

World Acceptance (NASDAQ:WRLD) posted its earnings results on Tuesday. The credit services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $1.23 by $1.22, Zacks reports. World Acceptance had a net margin of 15.02% and a return on equity of 19.85%.

World Acceptance Price Performance

World Acceptance stock opened at $140.55 on Tuesday. The company’s fifty day moving average price is $117.77 and its 200 day moving average price is $118.19. World Acceptance has a 1 year low of $101.85 and a 1 year high of $149.31. The stock has a market capitalization of $808.16 million, a P/E ratio of 9.52 and a beta of 1.44. The company has a debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WRLD shares. StockNews.com raised shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Stephens initiated coverage on World Acceptance in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $10.00 price target for the company.

Insider Activity

In related news, insider Luke J. Umstetter sold 550 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $114.30, for a total value of $62,865.00. Following the completion of the transaction, the insider now directly owns 11,370 shares of the company’s stock, valued at approximately $1,299,591. This represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 43.20% of the company’s stock.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.