World Acceptance (NASDAQ:WRLD)‘s stock had its “sell” rating restated by analysts at Stephens in a research report issued on Thursday. They presently have a $65.00 price target on the credit services provider’s stock. Stephens’ target price would suggest a potential downside of 26.01% from the stock’s current price.
A number of other brokerages have also issued reports on WRLD. BidaskClub lowered shares of World Acceptance from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Zacks Investment Research lowered shares of World Acceptance from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 4th. Finally, Jefferies Group reiterated a “sell” rating and set a $60.00 price target on shares of World Acceptance in a research note on Thursday, October 12th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.33.
Shares of World Acceptance (NASDAQ WRLD) traded up $1.81 during trading on Thursday, hitting $87.85. 87,385 shares of the stock were exchanged, compared to its average volume of 71,367. World Acceptance has a twelve month low of $42.01 and a twelve month high of $88.54. The company has a current ratio of 16.43, a quick ratio of 16.43 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $724.73, a price-to-earnings ratio of 12.00 and a beta of 2.40.
World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.83). World Acceptance had a return on equity of 13.90% and a net margin of 12.02%. The firm had revenue of $131.00 million for the quarter, compared to analyst estimates of $130.20 million. During the same quarter last year, the firm earned $0.18 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. equities analysts forecast that World Acceptance will post 6.88 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new stake in World Acceptance during the second quarter worth about $117,000. Bank of Montreal Can boosted its holdings in World Acceptance by 110.3% during the second quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock worth $137,000 after buying an additional 963 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in World Acceptance by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after buying an additional 830 shares in the last quarter. Barings LLC purchased a new stake in World Acceptance during the third quarter worth about $207,000. Finally, Eqis Capital Management Inc. purchased a new stake in World Acceptance during the third quarter worth about $221,000. 91.88% of the stock is currently owned by hedge funds and other institutional investors.
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About World Acceptance
World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.
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