World Acceptance Corporation (WRLD) Downgraded to Strong Sell at Zacks Investment Research
World Acceptance Corporation (NASDAQ:WRLD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Saturday.
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. “
Other analysts have also recently issued reports about the company. BidaskClub upgraded World Acceptance Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Jefferies Group LLC reiterated a “sell” rating and issued a $60.00 price target on shares of World Acceptance Corporation in a research report on Thursday, October 12th. Finally, ValuEngine upgraded World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $59.00.
Shares of World Acceptance Corporation (NASDAQ WRLD) opened at $75.53 on Friday. The stock has a market cap of $679.31, a PE ratio of 10.52 and a beta of 2.43. The company has a quick ratio of 15.41, a current ratio of 2.07 and a debt-to-equity ratio of 0.63.
World Acceptance Corporation (NASDAQ:WRLD) last released its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.83). The firm had revenue of $131.00 million for the quarter, compared to the consensus estimate of $130.20 million. World Acceptance Corporation had a net margin of 12.02% and a return on equity of 13.90%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. equities analysts forecast that World Acceptance Corporation will post 7.53 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in WRLD. First Trust Advisors LP grew its position in World Acceptance Corporation by 80.8% in the fourth quarter. First Trust Advisors LP now owns 93,299 shares of the credit services provider’s stock valued at $3,461,000 after acquiring an additional 41,703 shares during the period. California Public Employees Retirement System boosted its stake in World Acceptance Corporation by 14.5% in the fourth quarter. California Public Employees Retirement System now owns 66,200 shares of the credit services provider’s stock worth $2,456,000 after purchasing an additional 8,400 shares in the last quarter. Morgan Stanley boosted its stake in World Acceptance Corporation by 63.1% in the fourth quarter. Morgan Stanley now owns 32,023 shares of the credit services provider’s stock worth $1,189,000 after purchasing an additional 12,390 shares in the last quarter. Principal Financial Group Inc. boosted its stake in World Acceptance Corporation by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 55,769 shares of the credit services provider’s stock worth $2,069,000 after purchasing an additional 2,126 shares in the last quarter. Finally, Weber Alan W boosted its stake in World Acceptance Corporation by 2.6% in the fourth quarter. Weber Alan W now owns 168,069 shares of the credit services provider’s stock worth $6,235,000 after purchasing an additional 4,230 shares in the last quarter. Hedge funds and other institutional investors own 92.12% of the company’s stock.
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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