Analysts expect that World Acceptance Corp. (NASDAQ:WRLD) will post sales of $154.78 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for World Acceptance’s earnings, with estimates ranging from $151.36 million to $158.19 million. World Acceptance reported sales of $137.64 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, January 30th.

According to Zacks, analysts expect that World Acceptance will report full year sales of $608.74 million for the current financial year, with estimates ranging from $598.62 million to $618.86 million. For the next fiscal year, analysts expect that the firm will report sales of $663.34 million, with estimates ranging from $626.77 million to $699.91 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for World Acceptance.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.63). World Acceptance had a return on equity of 11.02% and a net margin of 9.92%. The business had revenue of $141.60 million during the quarter, compared to analyst estimates of $145.72 million. During the same period in the previous year, the company earned $1.56 EPS. World Acceptance’s revenue was up 11.4% on a year-over-year basis.

Several equities research analysts have recently issued reports on WRLD shares. Janney Montgomery Scott reissued a “sell” rating on shares of World Acceptance in a research report on Friday, October 18th. TheStreet lowered shares of World Acceptance from a “b” rating to a “c+” rating in a research report on Thursday, October 31st. BidaskClub lowered shares of World Acceptance from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. ValuEngine raised shares of World Acceptance from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Zacks Investment Research lowered shares of World Acceptance from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 17th. Four research analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. World Acceptance currently has a consensus rating of “Sell” and a consensus price target of $102.67.

Shares of World Acceptance stock traded down $2.72 during trading hours on Wednesday, hitting $92.27. The company’s stock had a trading volume of 95,376 shares, compared to its average volume of 105,883. World Acceptance has a 1-year low of $90.00 and a 1-year high of $175.78. The business has a fifty day moving average of $107.67 and a 200 day moving average of $132.90. The company has a market capitalization of $751.87 million, a PE ratio of 11.49 and a beta of 2.30. The company has a quick ratio of 19.32, a current ratio of 19.33 and a debt-to-equity ratio of 1.62.

In related news, SVP Alice Lindsay Caulder sold 414 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $139.30, for a total transaction of $57,670.20. Following the completion of the sale, the senior vice president now directly owns 20,188 shares of the company’s stock, valued at approximately $2,812,188.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 30.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY grew its holdings in World Acceptance by 16.5% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 2,210 shares of the credit services provider’s stock valued at $282,000 after purchasing an additional 313 shares in the last quarter. Financial Architects Inc acquired a new stake in World Acceptance during the 3rd quarter valued at $94,000. California Public Employees Retirement System grew its holdings in World Acceptance by 24.7% during the 3rd quarter. California Public Employees Retirement System now owns 26,913 shares of the credit services provider’s stock valued at $3,432,000 after purchasing an additional 5,336 shares in the last quarter. Rhumbline Advisers grew its holdings in World Acceptance by 2.8% during the 3rd quarter. Rhumbline Advisers now owns 20,060 shares of the credit services provider’s stock valued at $2,558,000 after purchasing an additional 546 shares in the last quarter. Finally, Ingalls & Snyder LLC grew its holdings in World Acceptance by 0.4% during the 3rd quarter. Ingalls & Snyder LLC now owns 76,556 shares of the credit services provider’s stock valued at $9,762,000 after purchasing an additional 290 shares in the last quarter. 93.22% of the stock is owned by institutional investors and hedge funds.

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

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