Wall Street analysts predict that World Acceptance Corp. (NASDAQ:WRLD) will announce sales of $146.98 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for World Acceptance’s earnings. The lowest sales estimate is $143.94 million and the highest is $150.01 million. World Acceptance reported sales of $144.57 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The business is expected to announce its next earnings results on Tuesday, May 8th.

On average, analysts expect that World Acceptance will report full-year sales of $146.98 million for the current fiscal year, with estimates ranging from $540.79 million to $546.86 million. For the next fiscal year, analysts forecast that the company will post sales of $571.33 million per share, with estimates ranging from $563.96 million to $578.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover World Acceptance.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Friday, January 26th. The credit services provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.42. The business had revenue of $136.90 million for the quarter, compared to analyst estimates of $137.99 million. World Acceptance had a return on equity of 13.95% and a net margin of 10.42%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share.

A number of research firms recently commented on WRLD. Zacks Investment Research upgraded World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Saturday, February 3rd. ValuEngine upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. BidaskClub upgraded World Acceptance from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. BMO Capital Markets reiterated a “sell” rating and issued a $80.00 price objective on shares of World Acceptance in a report on Monday, January 29th. They noted that the move was a valuation call. Finally, Stephens reiterated a “sell” rating and issued a $65.00 price objective on shares of World Acceptance in a report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. World Acceptance has a consensus rating of “Hold” and an average price target of $82.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its holdings in shares of World Acceptance by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after acquiring an additional 830 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of World Acceptance in the fourth quarter worth about $202,000. Barings LLC bought a new stake in shares of World Acceptance in the third quarter worth about $207,000. Eqis Capital Management Inc. bought a new stake in shares of World Acceptance in the third quarter worth about $221,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of World Acceptance by 130.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the credit services provider’s stock worth $249,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 88.87% of the company’s stock.

World Acceptance (WRLD) traded up $1.29 during midday trading on Friday, reaching $107.13. The company had a trading volume of 67,700 shares, compared to its average volume of 139,485. The company has a market capitalization of $961.16, a P/E ratio of 13.94 and a beta of 2.80. The company has a quick ratio of 20.24, a current ratio of 20.25 and a debt-to-equity ratio of 0.77. World Acceptance has a fifty-two week low of $47.45 and a fifty-two week high of $121.17.

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About World Acceptance

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

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