World Acceptance Corp. (WRLD) Trading Up 1.4%
World Acceptance Corp. (NASDAQ:WRLD) shares were up 1.4% during trading on Wednesday . The company traded as high as $46.58 and last traded at $45.95, with a volume of 163,992 shares traded. The stock had previously closed at $45.33.
A number of research analysts have recently commented on WRLD shares. BMO Capital Markets reiterated a “hold” rating and set a $41.00 price target on shares of World Acceptance Corp. in a report on Friday, July 29th. Jefferies Group restated a “hold” rating and issued a $37.00 target price on shares of World Acceptance Corp. in a research note on Friday, July 15th. Finally, Zacks Investment Research lowered World Acceptance Corp. from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 30th.
The company’s 50-day moving average price is $46.76 and its 200 day moving average price is $42.81. The stock has a market capitalization of $399.91 million, a price-to-earnings ratio of 4.97 and a beta of 1.76.
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World Acceptance Corp. (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by $0.33. The firm had revenue of $127.10 million for the quarter, compared to the consensus estimate of $130.91 million. World Acceptance Corp. had a return on equity of 21.02% and a net margin of 14.52%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.71 EPS. Equities research analysts predict that World Acceptance Corp. will post $8.13 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. BlackRock Fund Advisors raised its stake in shares of World Acceptance Corp. by 0.8% in the second quarter. BlackRock Fund Advisors now owns 503,665 shares of the company’s stock worth $22,967,000 after buying an additional 4,056 shares in the last quarter. Valiant Capital Management L.P. raised its stake in shares of World Acceptance Corp. by 56.6% in the first quarter. Valiant Capital Management L.P. now owns 442,760 shares of the company’s stock worth $16,789,000 after buying an additional 160,051 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of World Acceptance Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 214,922 shares of the company’s stock worth $8,150,000 after buying an additional 586 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of World Acceptance Corp. by 2.4% in the second quarter. Parametric Portfolio Associates LLC now owns 181,801 shares of the company’s stock worth $8,290,000 after buying an additional 4,189 shares in the last quarter. Finally, State Street Corp raised its stake in World Acceptance Corp. by 1.5% in the second quarter. State Street Corp now owns 159,927 shares of the company’s stock worth $7,293,000 after buying an additional 2,338 shares during the period. Institutional investors and hedge funds own 98.54% of the company’s stock.
World Acceptance Corp. Company Profile
World Acceptance Corporation is a small-loan consumer finance company. The Company offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. The Company also offers income tax return preparation services and electronic filing program to its customer base and to others.
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