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World Acceptance Corp. (NASDAQ:WRLD) was downgraded by analysts at Sidoti from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.

World Acceptance Corp. (NASDAQ:WRLD) traded down 4.96% during mid-day trading on Friday, hitting $80.265. The stock had a trading volume of 78,983 shares. 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 $80.08 and a 200-day moving average of $82.01. The company has a market cap of $736.1 million and a P/E ratio of 8.94.

World Acceptance Corp. (NASDAQ:WRLD) last announced its earnings results on Tuesday, July 22nd. The company reported $2.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.25 by $0.06. The company had revenue of $150.30 million for the quarter, compared to the consensus estimate of $151.70 million. During the same quarter last year, the company posted $1.87 earnings per share. World Acceptance Corp.’s revenue was up 3.4% compared to the same quarter last year. Analysts expect that World Acceptance Corp. will post $10.87 EPS for the current fiscal year.

Separately, analysts at Macquarie initiated coverage on shares of World Acceptance Corp. in a research note on Wednesday, July 9th. They set a “neutral” rating and a $86.00 price target on the stock.

World Acceptance Corporation operates a small-loan consumer finance business in 12 states and Mexico.

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