World Acceptance Corp. (WRLD) Releases Quarterly Earnings, Beats Expectations By $0.03 EPS
World Acceptance Corp. (NASDAQ:WRLD) announced its earnings results on Tuesday. The company reported $3.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.49 by $0.03, AnalystRatings.Net reports. The company had revenue of $161.93 million for the quarter, compared to the consensus estimate of $173.84 million.
Shares of World Acceptance Corp. (NASDAQ:WRLD) opened at 80.50 on Tuesday. World Acceptance Corp. has a one year low of $71.58 and a one year high of $107.98. The stock’s 50-day moving average is $79.18 and its 200-day moving average is $89.73. The company has a market cap of $841.0 million and a price-to-earnings ratio of 9.12.
On the ratings front, analysts at Zacks downgraded shares of World Acceptance Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $93.90 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $104.45.
World Acceptance Corporation operates a small-loan consumer finance business in 12 states and Mexico.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.