World Acceptance Corporation (WRLD) Upgraded at Zacks Investment Research
World Acceptance Corporation (NASDAQ:WRLD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “
Several other brokerages have also recently issued reports on WRLD. BidaskClub upgraded shares of World Acceptance Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine upgraded shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets restated a “sell” rating and issued a $62.00 price target on shares of World Acceptance Corporation in a research report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. World Acceptance Corporation currently has an average rating of “Hold” and an average target price of $52.33.
World Acceptance Corporation (NASDAQ:WRLD) opened at 83.56 on Thursday. World Acceptance Corporation has a 52 week low of $42.01 and a 52 week high of $88.26. The firm has a 50-day moving average of $78.01 and a 200-day moving average of $71.40. The company has a market capitalization of $727.39 million, a PE ratio of 10.49 and a beta of 2.39.
World Acceptance Corporation (NASDAQ:WRLD) last announced its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.02 by ($0.54). World Acceptance Corporation had a net margin of 13.13% and a return on equity of 15.75%. The business had revenue of $128.90 million during the quarter, compared to analyst estimates of $125.74 million. During the same quarter last year, the company posted $1.89 earnings per share. Equities analysts expect that World Acceptance Corporation will post $7.48 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in shares of World Acceptance Corporation in the 2nd quarter valued at $117,000. Bank of Montreal Can boosted its stake in shares of World Acceptance Corporation by 110.3% in the 2nd quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock valued at $137,000 after purchasing an additional 963 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of World Acceptance Corporation in the 2nd quarter valued at $211,000. Tudor Investment Corp ET AL bought a new stake in shares of World Acceptance Corporation in the 1st quarter valued at $217,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of World Acceptance Corporation in the 3rd quarter valued at $221,000. 91.93% of the stock is currently owned by institutional investors.
World Acceptance Corporation Company Profile
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.
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