World Acceptance Corp. (WRLD) Receives Average Recommendation of “Hold” from Brokerages

Shares of World Acceptance Corp. (NASDAQ:WRLD) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $82.75.

A number of research firms have commented on WRLD. ValuEngine upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. BMO Capital Markets restated a “sell” rating and set a $80.00 price target on shares of World Acceptance in a research report on Monday, January 29th. They noted that the move was a valuation call. BidaskClub upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Saturday, February 3rd. Finally, Stephens reaffirmed a “sell” rating and issued a $65.00 price objective on shares of World Acceptance in a research note on Thursday, January 4th.

Shares of World Acceptance (NASDAQ:WRLD) opened at $104.63 on Friday. World Acceptance has a 52-week low of $47.45 and a 52-week high of $121.17. The company has a market cap of $1,000.66, a PE ratio of 16.32 and a beta of 2.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 16.43 and a current ratio of 20.25.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Friday, January 26th. The credit services provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.42. World Acceptance had a net margin of 10.42% and a return on equity of 13.95%. The company had revenue of $136.90 million for the quarter, compared to the consensus estimate of $137.99 million. During the same period in the previous year, the firm earned $1.10 EPS. World Acceptance’s revenue was up 4.7% on a year-over-year basis. sell-side analysts anticipate that World Acceptance will post 7.61 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of World Acceptance in the 2nd quarter worth approximately $117,000. Municipal Employees Retirement System of Michigan grew its stake in shares of World Acceptance by 58.9% in 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 purchasing an additional 830 shares during the last quarter. Barings LLC acquired a new position in shares of World Acceptance in the 3rd quarter worth approximately $207,000. Louisiana State Employees Retirement System acquired a new position in shares of World Acceptance in the 4th quarter worth approximately $202,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of World Acceptance in the 3rd quarter worth approximately $221,000. 91.77% of the stock is currently owned by institutional investors.

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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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