Macquarie Initiates Coverage on World Acceptance Corp. (WRLD)
Research analysts at Macquarie assumed coverage on shares of World Acceptance Corp. (NASDAQ:WRLD) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $86.00 price target on the stock. Macquarie’s target price would suggest a potential upside of 11.94% from the stock’s previous close.
The analysts wrote, “neutral”
World Acceptance Corp. (NASDAQ:WRLD) opened at 76.75 on Wednesday. World Acceptance Corp. has a 52 week low of $71.58 and a 52 week high of $107.98. The stock has a 50-day moving average of $77.72 and a 200-day moving average of $83.82. The company has a market cap of $752.2 million and a price-to-earnings ratio of 8.45.
World Acceptance Corp. (NASDAQ:WRLD) last announced its earnings results on Tuesday, April 29th. The company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.03. The company had revenue of $161.93 million for the quarter, compared to the consensus estimate of $173.84 million. During the same quarter in the previous year, the company posted $3.01 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that World Acceptance Corp. will post $10.76 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on WRLD. Analysts at Zacks upgraded shares of World Acceptance Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $77.00 price target on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of World Acceptance Corp. from $115.00 to $105.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. World Acceptance Corp. currently has an average rating of “Buy” and a consensus price target of $89.33.
World Acceptance Corporation operates a small-loan consumer finance business in 12 states and Mexico.
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