World Acceptance Corporation (NASDAQ:WRLD) – Investment analysts at Jefferies Group dropped their Q2 2018 earnings per share estimates for World Acceptance Corporation in a report issued on Thursday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will post earnings of $1.56 per share for the quarter, down from their prior estimate of $1.70. Jefferies Group currently has a “Sell” rating and a $40.00 price target on the stock. Jefferies Group also issued estimates for World Acceptance Corporation’s FY2018 earnings at $6.55 EPS, Q1 2019 earnings at $1.45 EPS, Q2 2019 earnings at $1.59 EPS, Q3 2019 earnings at $0.94 EPS and FY2019 earnings at $6.65 EPS.

A number of other equities analysts have also recently issued reports on the stock. ValuEngine upgraded shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. BidaskClub cut shares of World Acceptance Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of World Acceptance Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. BMO Capital Markets restated a “sell” rating and issued a $62.00 price objective on shares of World Acceptance Corporation in a research report on Friday, June 16th. Finally, TheStreet upgraded shares of World Acceptance Corporation from a “c” rating to a “b-” rating in a research report on Tuesday, May 9th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. World Acceptance Corporation presently has an average rating of “Hold” and a consensus target price of $61.50.

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Shares of World Acceptance Corporation (NASDAQ:WRLD) opened at 76.87 on Monday. The firm’s 50-day moving average price is $76.15 and its 200-day moving average price is $63.38. The firm has a market capitalization of $666.54 million, a P/E ratio of 9.17 and a beta of 2.34. World Acceptance Corporation has a one year low of $42.01 and a one year high of $88.26.

World Acceptance Corporation (NASDAQ:WRLD) last issued its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.02 by $0.54. World Acceptance Corporation had a return on equity of 15.75% and a net margin of 13.13%. The business had revenue of $128.90 million for the quarter, compared to analyst estimates of $125.74 million. During the same quarter in the previous year, the business posted $1.89 earnings per share.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of World Acceptance Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,078,168 shares of the credit services provider’s stock valued at $55,827,000 after buying an additional 58,557 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of World Acceptance Corporation by 29.0% in the first quarter. Dimensional Fund Advisors LP now owns 404,645 shares of the credit services provider’s stock valued at $20,952,000 after buying an additional 91,053 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of World Acceptance Corporation by 11.7% in the first quarter. Geode Capital Management LLC now owns 128,603 shares of the credit services provider’s stock valued at $6,659,000 after buying an additional 13,467 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of World Acceptance Corporation by 70.1% in the first quarter. AQR Capital Management LLC now owns 67,274 shares of the credit services provider’s stock valued at $3,483,000 after buying an additional 27,714 shares in the last quarter. Finally, Oxford Asset Management boosted its position in shares of World Acceptance Corporation by 2.5% in the first quarter. Oxford Asset Management now owns 61,615 shares of the credit services provider’s stock valued at $3,190,000 after buying an additional 1,520 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

In related news, SVP Tara Elizabeth Bullock sold 390 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $80.08, for a total transaction of $31,231.20. Following the transaction, the senior vice president now owns 7,932 shares in the company, valued at $635,194.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel Clinton Dyer sold 1,800 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $81.00, for a total transaction of $145,800.00. Following the transaction, the executive vice president now owns 21,924 shares in the company, valued at approximately $1,775,844. The disclosure for this sale can be found here. Insiders have sold 3,570 shares of company stock worth $291,337 in the last quarter. 27.30% of the stock is owned by corporate insiders.

About World Acceptance Corporation

World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.

Earnings History and Estimates for World Acceptance Corporation (NASDAQ:WRLD)

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