Shares of World Acceptance Corp. (NASDAQ:WRLD) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $82.75.
Several equities analysts have recently issued reports on WRLD shares. Zacks Investment Research raised shares of World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Saturday, February 3rd. BidaskClub raised shares of World Acceptance from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Stephens reaffirmed a “sell” rating and issued a $65.00 price objective on shares of World Acceptance in a research note on Thursday, January 4th. BMO Capital Markets reaffirmed a “sell” rating and issued a $80.00 price objective on shares of World Acceptance in a research note on Monday, January 29th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd.
Institutional investors and hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan grew its stake in shares of World Acceptance by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after purchasing an additional 830 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of World Acceptance in the fourth quarter worth about $184,000. Barings LLC acquired a new position in shares of World Acceptance in the third quarter worth about $207,000. Louisiana State Employees Retirement System acquired a new position in shares of World Acceptance in the fourth quarter worth about $202,000. Finally, Teachers Retirement System of The State of Kentucky boosted 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 buying an additional 1,700 shares during the period. 96.78% of the stock is currently owned by institutional investors.
World Acceptance (NASDAQ:WRLD) opened at $111.05 on Wednesday. The company has a market cap of $1,013.74, a PE ratio of 17.32 and a beta of 2.77. The company has a debt-to-equity ratio of 0.77, a quick ratio of 20.24 and a current ratio of 20.25. World Acceptance has a 52 week low of $47.45 and a 52 week high of $121.17.
World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Friday, January 26th. The credit services provider reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.42. The company had revenue of $136.90 million for the quarter, compared to analysts’ expectations of $137.99 million. World Acceptance had a net margin of 10.42% and a return on equity of 13.95%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. equities research analysts forecast that World Acceptance will post 7.61 earnings per share for the current year.
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World Acceptance Company Profile
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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