Jefferies Group Begins Coverage on World Acceptance Corp. (WRLD)
Stock analysts at Jefferies Group started coverage on shares of World Acceptance Corp. (NASDAQ:WRLD) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sidoti downgraded shares of World Acceptance Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, August 22nd. 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $95.50.
World Acceptance Corp. (NASDAQ:WRLD) traded up 0.15% on Thursday, hitting $80.60. 62,468 shares of the company’s stock traded hands. World Acceptance Corp. has a 1-year low of $71.58 and a 1-year high of $107.98. The stock has a 50-day moving average of $80.78 and a 200-day moving average of $80.84. The company has a market cap of $739.2 million and a price-to-earnings ratio of 8.52.
World Acceptance Corp. (NASDAQ:WRLD) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $2.19 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.87 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts predict that World Acceptance Corp. will post $10.87 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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