Equities analysts expect World Acceptance Corp. (NASDAQ:WRLD) to report earnings of $1.14 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for World Acceptance’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $0.94. World Acceptance reported earnings of $1.37 per share in the same quarter last year, which would indicate a negative year over year growth rate of 16.8%. The company is expected to report its next earnings results on Friday, January 25th.

According to Zacks, analysts expect that World Acceptance will report full-year earnings of $7.83 per share for the current financial year, with EPS estimates ranging from $7.32 to $8.15. For the next year, analysts forecast that the company will report earnings of $8.60 per share, with EPS estimates ranging from $8.10 to $9.01. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover World Acceptance.

World Acceptance (NASDAQ:WRLD) last announced its earnings results on Thursday, November 1st. The credit services provider reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.10. The business had revenue of $127.10 million during the quarter, compared to analysts’ expectations of $123.30 million. World Acceptance had a net margin of 4.43% and a return on equity of 14.37%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share.

WRLD has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of World Acceptance from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research note on Tuesday, November 6th. BidaskClub cut shares of World Acceptance from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, BMO Capital Markets increased their price target on shares of World Acceptance from $79.00 to $82.00 and gave the company an “underperform” rating in a research note on Monday, November 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $102.00.

Shares of WRLD stock opened at $108.90 on Wednesday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 14.12 and a beta of 2.52. The company has a quick ratio of 17.26, a current ratio of 17.26 and a debt-to-equity ratio of 0.41. World Acceptance has a one year low of $81.66 and a one year high of $125.14.

Several institutional investors and hedge funds have recently modified their holdings of WRLD. Matarin Capital Management LLC bought a new position in shares of World Acceptance in the third quarter valued at about $14,022,000. BlackRock Inc. raised its position in shares of World Acceptance by 7.2% in the second quarter. BlackRock Inc. now owns 869,105 shares of the credit services provider’s stock valued at $96,480,000 after purchasing an additional 58,239 shares during the period. Renaissance Technologies LLC raised its position in shares of World Acceptance by 43.6% in the second quarter. Renaissance Technologies LLC now owns 143,525 shares of the credit services provider’s stock valued at $15,933,000 after purchasing an additional 43,600 shares during the period. Prescott Group Capital Management L.L.C. raised its position in shares of World Acceptance by 24.8% in the third quarter. Prescott Group Capital Management L.L.C. now owns 60,452 shares of the credit services provider’s stock valued at $6,913,000 after purchasing an additional 12,000 shares during the period. Finally, Northern Trust Corp raised its position in shares of World Acceptance by 6.9% in the second quarter. Northern Trust Corp now owns 157,229 shares of the credit services provider’s stock valued at $17,455,000 after purchasing an additional 10,211 shares during the period. 85.02% of the stock is currently owned by institutional investors.

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.

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

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