World Acceptance (WRLD) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of World Acceptance (NASDAQ:WRLD) from a hold rating to a buy rating in a report published on Tuesday morning. They currently have $122.00 price objective on the credit services provider’s stock.

According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “

Several other analysts also recently weighed in on the stock. BidaskClub upgraded shares of World Acceptance from a sell rating to a hold rating in a research report on Thursday, August 9th. TheStreet downgraded shares of World Acceptance from a b- rating to a c rating in a research report on Friday, July 27th. Finally, BMO Capital Markets cut their price objective on shares of World Acceptance from $82.00 to $79.00 and set an underperform rating on the stock in a research report on Monday, July 23rd. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. World Acceptance has a consensus rating of Hold and an average price target of $89.67.

Shares of NASDAQ WRLD traded down $4.04 during midday trading on Tuesday, hitting $102.52. The company’s stock had a trading volume of 32,094 shares, compared to its average volume of 48,383. World Acceptance has a 1-year low of $71.02 and a 1-year high of $125.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 14.95 and a current ratio of 17.26. The firm has a market capitalization of $991.72 million, a PE ratio of 13.10 and a beta of 2.74.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, November 1st. The credit services provider reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.10. The firm had revenue of $127.10 million for the quarter, compared to the consensus estimate of $123.30 million. World Acceptance had a net margin of 4.43% and a return on equity of 14.37%. World Acceptance’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.10 EPS. Equities analysts forecast that World Acceptance will post 8.16 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new stake in World Acceptance in the 2nd quarter valued at about $158,000. Metropolitan Life Insurance Co. NY raised its position in shares of World Acceptance by 27.2% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 2,385 shares of the credit services provider’s stock worth $265,000 after buying an additional 510 shares in the last quarter. WINTON GROUP Ltd raised its position in shares of World Acceptance by 26.4% during the 3rd quarter. WINTON GROUP Ltd now owns 2,850 shares of the credit services provider’s stock worth $326,000 after buying an additional 596 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of World Acceptance during the 2nd quarter worth about $498,000. Finally, RBO & Co. LLC bought a new stake in shares of World Acceptance during the 2nd quarter worth about $500,000. Hedge funds and other institutional investors own 93.98% of the company’s stock.

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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