World Acceptance Corp. (WRLD) Lifted to “Equal Weight” at Stephens
Several other equities analysts have also weighed in on the stock. Jefferies Group reaffirmed a hold rating and set a $37.00 target price on shares of World Acceptance Corp. in a report on Friday, July 15th. Zacks Investment Research lowered shares of World Acceptance Corp. from a hold rating to a strong sell rating in a report on Saturday, July 30th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $41.00 target price on shares of World Acceptance Corp. in a report on Friday, July 29th.
Shares of World Acceptance Corp. (NASDAQ:WRLD) opened at 59.00 on Wednesday. The stock has a market cap of $514.72 million, a P/E ratio of 6.40 and a beta of 1.67. World Acceptance Corp. has a 52 week low of $26.87 and a 52 week high of $59.25. The stock has a 50 day moving average of $49.19 and a 200 day moving average of $46.25.
World Acceptance Corp. (NASDAQ:WRLD) last posted its earnings results on Thursday, November 3rd. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm earned $129.30 million during the quarter, compared to analyst estimates of $128.86 million. World Acceptance Corp. had a net margin of 14.02% and a return on equity of 19.14%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.22 EPS. On average, analysts expect that World Acceptance Corp. will post $8.08 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in WRLD. Ingalls & Snyder LLC bought a new stake in World Acceptance Corp. during the second quarter worth about $4,024,000. Oxford Asset Management boosted its stake in World Acceptance Corp. by 407.9% in the second quarter. Oxford Asset Management now owns 91,068 shares of the company’s stock worth $4,153,000 after buying an additional 73,139 shares in the last quarter. Numeric Investors LLC boosted its stake in World Acceptance Corp. by 431.5% in the second quarter. Numeric Investors LLC now owns 70,162 shares of the company’s stock worth $3,199,000 after buying an additional 56,962 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in World Acceptance Corp. during the first quarter worth about $2,113,000. Finally, Emerald Acquisition Ltd. bought a new stake in World Acceptance Corp. during the second quarter worth about $1,041,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
About World Acceptance Corp.
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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