Insider Selling: World Acceptance Corp. SVP Sells 2,000 Shares of Stock (WRLD)
World Acceptance Corp. (NASDAQ:WRLD) SVP Francisco Sauza sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $87.46, for a total value of $174,920.00. Following the completion of the sale, the senior vice president now directly owns 33,378 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of World Acceptance Corp. (NASDAQ:WRLD) from $85.00 to $90.00 in a research note to investors on Friday, August 23rd. They now have a “market perform” rating on the stock. Separately, analysts at Sidoti downgraded shares of World Acceptance Corp. (NASDAQ:WRLD) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 22nd.
World Acceptance Corp. (NASDAQ:WRLD) traded up 0.72% during mid-day trading on Tuesday, hitting $87.77. 49,320 shares of the company’s stock traded hands. World Acceptance Corp. has a one year low of $61.00 and a one year high of $94.99. The stock’s 50-day moving average is $85.8 and its 200-day moving average is $85.97. The company has a market cap of $985.6 million and a price-to-earnings ratio of 10.69.
World Acceptance Corp. (NASDAQ:WRLD) last announced its earnings results on Thursday, July 25th. The company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.04. The company had revenue of $145.30 million for the quarter, compared to the consensus estimate of $143.71 million. During the same quarter in the previous year, the company posted $1.63 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that World Acceptance Corp. will post $9.02 earnings per share for the current fiscal year.
World Acceptance Corporation operates a small-loan consumer finance business in 12 states and Mexico.
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