World Acceptance Corporation (WRLD) Issues Earnings Results, Misses Estimates By $0.83 EPS
World Acceptance Corporation (NASDAQ:WRLD) issued its earnings results on Wednesday. The credit services provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.93 by ($0.83), RTT News reports. The firm had revenue of $131.00 million for the quarter, compared to analyst estimates of $130.20 million. World Acceptance Corporation had a return on equity of 15.75% and a net margin of 13.13%. World Acceptance Corporation’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share.
WRLD has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of World Acceptance Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of World Acceptance Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. ValuEngine upgraded shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC restated a “sell” rating and set a $60.00 target price on shares of World Acceptance Corporation in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $59.00.
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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