Equities analysts predict that World Acceptance Corp. (NASDAQ:WRLD) will post sales of $135.76 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for World Acceptance’s earnings, with the lowest sales estimate coming in at $135.51 million and the highest estimate coming in at $136.00 million. World Acceptance posted sales of $130.82 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The company is scheduled to report its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that World Acceptance will report full-year sales of $135.76 million for the current financial year, with estimates ranging from $536.62 million to $545.00 million. For the next financial year, analysts expect that the business will post sales of $563.01 million per share, with estimates ranging from $554.02 million to $572.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover World Acceptance.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share 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 had a return on equity of 13.90% and a net margin of 12.02%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS.

A number of research firms have recently weighed in on WRLD. Jefferies Group restated a “sell” rating and set a $60.00 target price on shares of World Acceptance in a research report on Thursday, October 12th. Zacks Investment Research upgraded World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, BidaskClub upgraded World Acceptance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company. World Acceptance has an average rating of “Hold” and a consensus target price of $59.00.

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in shares of World Acceptance during the second quarter worth $117,000. Bank of Montreal Can grew its stake in shares of World Acceptance by 110.3% during the second quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock worth $137,000 after purchasing an additional 963 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of World Acceptance by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after purchasing an additional 830 shares during the period. Barings LLC acquired a new stake in shares of World Acceptance during the third quarter worth $207,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of World Acceptance during the third quarter worth $221,000. 92.10% of the stock is owned by institutional investors and hedge funds.

Shares of World Acceptance (NASDAQ:WRLD) opened at $81.17 on Tuesday. The firm has a market capitalization of $718.89, a price-to-earnings ratio of 11.41 and a beta of 2.40. 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 quick ratio of 16.43 and a current 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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