World Acceptance Corporation (WRLD) Rating Reiterated by Jefferies Group LLC
World Acceptance Corporation (NASDAQ:WRLD)‘s stock had its “sell” rating reaffirmed by research analysts at Jefferies Group LLC in a report released on Thursday. They presently have a $60.00 price objective on the credit services provider’s stock. Jefferies Group LLC’s price target would suggest a potential downside of 27.61% from the company’s previous close.
A number of other research firms also recently issued reports on WRLD. BidaskClub raised shares of World Acceptance Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of World Acceptance Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. ValuEngine raised shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, BMO Capital Markets reissued a “sell” rating and issued a $62.00 price target on shares of World Acceptance Corporation in a research note on Friday, June 16th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $59.00.
World Acceptance Corporation (NASDAQ WRLD) opened at 82.88 on Thursday. World Acceptance Corporation has a one year low of $42.01 and a one year high of $88.26. The stock’s 50 day moving average is $80.24 and its 200 day moving average is $72.98. The firm has a market capitalization of $721.47 million, a P/E ratio of 10.40 and a beta of 2.39.
World Acceptance Corporation (NASDAQ:WRLD) last posted its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.54). World Acceptance Corporation had a return on equity of 15.75% and a net margin of 13.13%. The company had revenue of $128.90 million for the quarter, compared to the consensus estimate of $125.74 million. During the same period in the prior year, the firm posted $1.89 earnings per share. On average, equities research analysts predict that World Acceptance Corporation will post $7.48 earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in World Acceptance Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,078,168 shares of the credit services provider’s stock worth $55,827,000 after purchasing an additional 58,557 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in World Acceptance Corporation by 28.9% in the second quarter. Dimensional Fund Advisors LP now owns 521,631 shares of the credit services provider’s stock worth $39,075,000 after purchasing an additional 116,986 shares during the last quarter. Koch Industries Inc. bought a new stake in World Acceptance Corporation in the second quarter worth $265,000. State Street Corp lifted its stake in World Acceptance Corporation by 1.9% in the second quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock worth $11,968,000 after purchasing an additional 2,979 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in World Acceptance Corporation by 0.3% in the second quarter. Northern Trust Corp now owns 146,413 shares of the credit services provider’s stock worth $10,968,000 after purchasing an additional 498 shares during the last quarter. 91.96% of the stock is owned by institutional investors and hedge funds.
World Acceptance Corporation Company Profile
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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