World Acceptance Corp. (NASDAQ:WRLD) Expected to Announce Earnings of $1.15 Per Share

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Equities research analysts expect World Acceptance Corp. (NASDAQ:WRLD) to report $1.15 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for World Acceptance’s earnings, with the highest EPS estimate coming in at $1.35 and the lowest estimate coming in at $0.94. World Acceptance reported earnings per share of $1.51 during the same quarter last year, which suggests a negative year over year growth rate of 23.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that World Acceptance will report full year earnings of $6.78 per share for the current financial year, with EPS estimates ranging from $6.67 to $6.95. For the next year, analysts expect that the company will post earnings of $8.04 per share, with EPS estimates ranging from $7.76 to $8.42. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for World Acceptance.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Thursday, July 25th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.05 by ($1.08). The firm had revenue of $138.40 million for the quarter, compared to analyst estimates of $134.64 million. World Acceptance had a return on equity of 11.94% and a net margin of 12.02%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 EPS.

A number of brokerages have recently issued reports on WRLD. BidaskClub upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets dropped their target price on shares of World Acceptance to $65.00 and set an “underperform” rating for the company in a report on Friday, July 26th. ValuEngine upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Janney Montgomery Scott reiterated a “sell” rating and issued a $87.00 target price (down previously from $108.00) on shares of World Acceptance in a report on Thursday, July 25th. Finally, Zacks Investment Research downgraded shares of World Acceptance from a “hold” rating to a “strong sell” rating in a report on Saturday, August 17th. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $102.67.

In other news, SVP Jason E. Childers sold 1,281 shares of World Acceptance stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $135.00, for a total transaction of $172,935.00. Following the completion of the sale, the senior vice president now directly owns 22,329 shares of the company’s stock, valued at approximately $3,014,415. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Alice Lindsay Caulder sold 501 shares of World Acceptance stock in a transaction on Monday, July 15th. The stock was sold at an average price of $174.67, for a total transaction of $87,509.67. Following the sale, the senior vice president now directly owns 22,301 shares of the company’s stock, valued at $3,895,315.67. The disclosure for this sale can be found here. Insiders sold a total of 10,865 shares of company stock valued at $1,517,705 in the last three months. 30.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in WRLD. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in World Acceptance by 105.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 386 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 198 shares during the last quarter. Bank of Montreal Can increased its stake in shares of World Acceptance by 13.1% during the first quarter. Bank of Montreal Can now owns 960 shares of the credit services provider’s stock worth $113,000 after acquiring an additional 111 shares during the period. Acadian Asset Management LLC acquired a new position in shares of World Acceptance during the second quarter worth about $151,000. SG Americas Securities LLC acquired a new position in shares of World Acceptance during the second quarter worth about $247,000. Finally, Everence Capital Management Inc. acquired a new position in shares of World Acceptance during the second quarter worth about $263,000. 86.10% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ WRLD opened at $135.49 on Tuesday. The company has a 50 day simple moving average of $133.09 and a 200-day simple moving average of $136.09. The company has a market capitalization of $1.25 billion, a P/E ratio of 16.87 and a beta of 2.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 17.63 and a quick ratio of 17.63. World Acceptance has a 1 year low of $89.78 and a 1 year high of $175.78.

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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