Brokerages expect World Acceptance Corp. (NASDAQ:WRLD) to announce earnings of $0.95 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for World Acceptance’s earnings. The highest EPS estimate is $1.04 and the lowest is $0.86. World Acceptance reported earnings of $1.10 per share in the same quarter last year, which would suggest a negative year over year growth rate of 13.6%. The firm is expected to announce its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that World Acceptance will report full-year earnings of $7.24 per share for the current fiscal year, with EPS estimates ranging from $6.11 to $8.37. For the next fiscal year, analysts forecast that the company will report earnings of $7.90 per share, with EPS estimates ranging from $6.32 to $8.88. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow World Acceptance.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.93 by ($0.83). The company had revenue of $131.00 million for the quarter, compared to analyst estimates of $130.20 million. World Acceptance had a return on equity of 13.90% and a net margin of 12.02%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS.

Several research analysts have weighed in on WRLD shares. BidaskClub raised World Acceptance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered World Acceptance from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Jefferies Group reaffirmed a “sell” rating and set a $60.00 price target on shares of World Acceptance in a research report on Thursday, October 12th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $59.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of World Acceptance during the 2nd quarter worth approximately $117,000. Bank of Montreal Can boosted its stake in shares of World Acceptance by 110.3% during the 2nd quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock worth $137,000 after acquiring an additional 963 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of World Acceptance by 58.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after acquiring an additional 830 shares during the period. Barings LLC bought a new position in shares of World Acceptance during the 3rd quarter worth approximately $207,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of World Acceptance during the 2nd quarter worth approximately $211,000. Institutional investors own 92.04% of the company’s stock.

World Acceptance (NASDAQ WRLD) traded up $0.56 during trading hours on Friday, hitting $83.54. The company’s stock had a trading volume of 73,711 shares, compared to its average volume of 103,884. The firm has a market cap of $739.88, a price-to-earnings ratio of 11.41 and a beta of 2.41. World Acceptance has a 52-week low of $42.01 and a 52-week high of $88.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 16.43 and a quick ratio of 16.43.

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About World Acceptance

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

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