World Acceptance Corporation (WRLD) Receives $59.00 Consensus Price Target from Brokerages
World Acceptance Corporation (NASDAQ:WRLD) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $59.00.
Several brokerages have commented on WRLD. BidaskClub cut shares of World Acceptance Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of World Acceptance Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Jefferies Group LLC reiterated a “sell” rating and issued a $60.00 price target on shares of World Acceptance Corporation in a research report on Thursday, October 12th. Finally, ValuEngine upgraded shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.
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Shares of World Acceptance Corporation (WRLD) traded down $1.07 during trading on Thursday, reaching $76.18. 187,382 shares of the company’s stock traded hands, compared to its average volume of 84,260. The company has a current ratio of 2.07, a quick ratio of 15.41 and a debt-to-equity ratio of 0.63. World Acceptance Corporation has a 12-month low of $42.01 and a 12-month high of $88.26. The company has a market capitalization of $666.08, a PE ratio of 10.32 and a beta of 2.43.
World Acceptance Corporation (NASDAQ:WRLD) last issued its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.83). World Acceptance Corporation had a return on equity of 13.90% and a net margin of 12.02%. The business had revenue of $131.00 million during the quarter, compared to the consensus estimate of $130.20 million. During the same quarter last year, the firm posted $0.18 earnings per share. World Acceptance Corporation’s revenue was up 1.3% compared to the same quarter last year. equities research analysts anticipate that World Acceptance Corporation will post 7.24 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of WRLD. Ameriprise Financial Inc. increased its stake in World Acceptance Corporation by 3.1% in the 1st quarter. Ameriprise Financial Inc. now owns 45,905 shares of the credit services provider’s stock worth $2,377,000 after purchasing an additional 1,400 shares in the last quarter. United Services Automobile Association purchased a new position in World Acceptance Corporation in the 1st quarter worth about $231,000. OppenheimerFunds Inc. increased its stake in World Acceptance Corporation by 50.8% in the 1st quarter. OppenheimerFunds Inc. now owns 7,966 shares of the credit services provider’s stock worth $413,000 after purchasing an additional 2,682 shares in the last quarter. Principal Financial Group Inc. increased its stake in World Acceptance Corporation by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 45,985 shares of the credit services provider’s stock worth $2,381,000 after purchasing an additional 1,516 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in World Acceptance Corporation by 5.7% in the 1st 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 in the last quarter. 92.27% of the stock is currently owned by hedge funds and other institutional investors.
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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