World Acceptance (NASDAQ:WRLD) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued on Wednesday.

Other analysts have also issued research reports about the company. BMO Capital Markets cut their price objective on World Acceptance from $82.00 to $79.00 and set an “underperform” rating on the stock in a research report on Monday, July 23rd. BidaskClub raised World Acceptance from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Zacks Investment Research raised World Acceptance from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. World Acceptance has a consensus rating of “Hold” and an average target price of $83.25.

NASDAQ:WRLD traded up $2.47 during trading hours on Wednesday, reaching $117.63. 1,003 shares of the stock were exchanged, compared to its average volume of 81,894. The company has a quick ratio of 14.95, a current ratio of 14.95 and a debt-to-equity ratio of 0.46. World Acceptance has a twelve month low of $71.02 and a twelve month high of $125.14. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.12 and a beta of 2.75.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.26). World Acceptance had a return on equity of 14.06% and a net margin of 3.52%. The firm had revenue of $122.79 million for the quarter, compared to analyst estimates of $132.98 million. During the same quarter last year, the company earned $1.48 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. sell-side analysts expect that World Acceptance will post 8.45 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of WRLD. Piedmont Investment Advisors LLC purchased a new position in World Acceptance in the second quarter valued at $158,000. Victory Capital Management Inc. purchased a new position in World Acceptance in the first quarter valued at $196,000. Burney Co. purchased a new position in World Acceptance in the first quarter valued at $233,000. MetLife Investment Advisors LLC purchased a new position in World Acceptance in the fourth quarter valued at $184,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in World Acceptance by 27.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,385 shares of the credit services provider’s stock valued at $265,000 after buying an additional 510 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

About World Acceptance

World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.

See Also: Google Finance

Receive News & Ratings for World Acceptance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Acceptance and related companies with MarketBeat.com's FREE daily email newsletter.