Worldwide Acceptance (NASDAQ:WRLD – Get a rating) will release its earnings data ahead of the market open on Thursday, May 5. Analysts expect World Acceptance to post earnings of $6.88 per share for the quarter.
Worldwide Acceptance (NASDAQ:WRLD – Get a rating) last released its quarterly results on Tuesday, January 25. The credit services provider reported EPS of $1.14 for the quarter, missing Thomson Reuters consensus estimate of $2.42 per ($1.28). The company posted revenue of $148.57 million in the quarter, versus a consensus estimate of $140.12 million. World Acceptance had a return on equity of 19.63% and a net margin of 14.30%. In the same period a year earlier, the company earned earnings per share of $2.25. On average, analysts expect World Acceptance to post EPS of $12 for the current fiscal year and EPS of $11 for the next fiscal year.
Shares of NASDAQ WRLD opened at $191.70 on Friday. The company has a quick ratio of 20.09, a current ratio of 20.09 and a leverage ratio of 1.76. The company’s 50-day moving average is $190.41 and its two-hundred-day moving average is $206.99. The company has a market capitalization of $1.25 billion, a P/E ratio of 15.36 and a beta of 1.55. World Acceptance has a 12 month minimum of $123.17 and a 12 month maximum of $265.75.
Several brokerages have recently commented on WRLD. Zacks Investment Research moved global acceptance from a “buy” rating to a “hold” rating in a Wednesday, April 6 research report. StockNews.com cut World Acceptance shares from a “buy” to a “hold” rating in a Sunday, April 24 research note.
In other news, please Luke J. Umstetter sold 250 shares in a trade on Friday, April 1. The shares were sold at an average price of $193.69, for a total value of $48,422.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Company insiders hold 39.00% of the company’s stock.
Several institutional investors have recently changed their positions in WRLD. Royal Bank of Canada increased its position in World Acceptance shares by 565.2% during the second quarter. Royal Bank of Canada now owns 898 shares of the credit service provider worth $144,000 after buying 763 more shares last quarter. Morgan Stanley increased its position in World Acceptance shares by 32.8% during the second quarter. Morgan Stanley now owns 23,192 shares of the credit service provider worth $3,718,000 after buying an additional 5,731 shares last quarter. Jane Street Group LLC acquired a new equity stake in World Acceptance during Q3 worth approximately $257,000. Bank of New York Mellon Corp increased its position in World Acceptance shares by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 48,926 shares of the credit service provider worth $9,277,000 after buying an additional 760 shares last quarter. Finally, Geode Capital Management LLC increased its position in World Acceptance shares by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 77,358 shares of the credit services provider worth $18,985,000 after buying 4,258 additional shares last quarter. Institutional investors and hedge funds hold 85.69% of the company’s shares.
Global Acceptance Company Profile (Get a rating)
World Acceptance Corporation, together with its subsidiaries, is engaged in the small loan consumer finance business. The Company offers short-term, small-payment loans, medium-term, larger-payment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and electronic tax return preparation and filing services.
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