World Acceptance Corporation (NASDAQ:WRLD) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, August 1st.
Several other equities research analysts also recently commented on WRLD. BMO Capital Markets reissued a “sell” rating and set a $40.00 target price on shares of World Acceptance Corporation in a research report on Tuesday, April 11th. Jefferies Group LLC reissued a “sell” rating and set a $40.00 target price on shares of World Acceptance Corporation in a research report on Monday, May 8th. TheStreet upgraded shares of World Acceptance Corporation from a “c” rating to a “b-” rating in a report on Tuesday, May 9th. Zacks Investment Research upgraded shares of World Acceptance Corporation from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Saturday, May 13th. Finally, BidaskClub cut shares of World Acceptance Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $61.50.
Shares of World Acceptance Corporation (WRLD) traded down 0.01% during trading on Tuesday, reaching $73.00. 88,056 shares of the company were exchanged. The stock’s 50-day moving average is $76.44 and its 200-day moving average is $65.09. World Acceptance Corporation has a 52-week low of $42.01 and a 52-week high of $88.26. The firm has a market cap of $635.47 million, a price-to-earnings ratio of 9.16 and a beta of 2.34.
World Acceptance Corporation (NASDAQ:WRLD) last posted its earnings results on Thursday, August 3rd. The credit services provider reported $1.48 EPS for the quarter, missing the consensus estimate of $2.02 by $0.54. The business had revenue of $128.90 million for the quarter, compared to the consensus estimate of $125.74 million. World Acceptance Corporation had a return on equity of 15.75% and a net margin of 13.13%. During the same period in the previous year, the firm earned $1.89 earnings per share. Equities research analysts predict that World Acceptance Corporation will post $7.48 earnings per share for the current fiscal year.
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In related news, EVP Daniel Clinton Dyer sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $81.00, for a total transaction of $145,800.00. Following the sale, the executive vice president now directly owns 21,924 shares in the company, valued at approximately $1,775,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jackie C. Willyard sold 1,380 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $82.83, for a total transaction of $114,305.40. Following the sale, the senior vice president now owns 4,360 shares in the company, valued at $361,138.80. The disclosure for this sale can be found here. Corporate insiders own 27.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in WRLD. Tower Research Capital LLC TRC acquired a new stake in shares of World Acceptance Corporation during the second quarter worth approximately $117,000. Bank of Montreal Can raised its stake in World Acceptance Corporation by 110.3% in the second quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock worth $137,000 after buying an additional 963 shares during the period. Thrivent Financial for Lutherans purchased a new stake in World Acceptance Corporation during the fourth quarter worth $205,000. C M Bidwell & Associates Ltd. purchased a new stake in World Acceptance Corporation during the second quarter worth $211,000. Finally, Tudor Investment Corp ET AL purchased a new stake in World Acceptance Corporation during the first quarter worth $217,000. Institutional investors own 96.93% of the company’s stock.
About World Acceptance Corporation
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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