World Acceptance Corp. (WRLD) Expected to Post Earnings of $3.57 Per Share

Equities analysts expect World Acceptance Corp. (NASDAQ:WRLD) to report earnings of $3.57 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for World Acceptance’s earnings, with the highest EPS estimate coming in at $3.80 and the lowest estimate coming in at $3.33. World Acceptance reported earnings of $3.18 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.3%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, May 9th.

According to Zacks, analysts expect that World Acceptance will report full year earnings of $3.71 per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $7.88 per share, with EPS estimates ranging from $7.46 to $8.38. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover World Acceptance.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Friday, May 3rd. ValuEngine lowered World Acceptance from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BidaskClub upgraded World Acceptance from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Finally, BMO Capital Markets reduced their price target on World Acceptance to $66.00 and set an “underperform” rating on the stock in a research report on Friday, February 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $94.00.

WRLD stock traded up $0.75 during midday trading on Friday, reaching $131.49. 2,743 shares of the stock were exchanged, compared to its average volume of 73,144. The firm has a market capitalization of $1.29 billion, a P/E ratio of 17.09 and a beta of 2.53. World Acceptance has a 52 week low of $89.78 and a 52 week high of $134.22. The company has a quick ratio of 18.52, a current ratio of 18.51 and a debt-to-equity ratio of 0.54.

Large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of World Acceptance by 105.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 386 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 198 shares during the period. Quantamental Technologies LLC acquired a new position in shares of World Acceptance in the 4th quarter valued at about $102,000. Neuburgh Advisers LLC lifted its stake in shares of World Acceptance by 24.3% in the 4th quarter. Neuburgh Advisers LLC now owns 1,012 shares of the credit services provider’s stock valued at $103,000 after purchasing an additional 198 shares during the period. Bank of Montreal Can lifted its stake in shares of World Acceptance by 13.1% in the 1st quarter. Bank of Montreal Can now owns 960 shares of the credit services provider’s stock valued at $113,000 after purchasing an additional 111 shares during the period. Finally, Flinton Capital Management LLC lifted its stake in shares of World Acceptance by 24.3% in the 4th quarter. Flinton Capital Management LLC now owns 1,564 shares of the credit services provider’s stock valued at $160,000 after purchasing an additional 306 shares during the period. 90.44% of the stock is currently owned by institutional investors.

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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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

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