Zacks: Analysts Anticipate World Acceptance Corp. (WRLD) to Announce $1.14 Earnings Per Share
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.
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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