World Acceptance (NASDAQ:WRLD) released its quarterly earnings results on Tuesday. The credit services provider reported $2.44 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.43, MarketWatch Earnings reports. World Acceptance had a net margin of 16.80% and a return on equity of 23.20%.
Shares of World Acceptance stock traded up $0.35 during midday trading on Thursday, hitting $181.43. The company had a trading volume of 111 shares, compared to its average volume of 24,753. The company’s 50 day moving average price is $160.62. The company has a market cap of $1.23 billion, a PE ratio of 13.50 and a beta of 1.59. The company has a current ratio of 14.24, a quick ratio of 14.24 and a debt-to-equity ratio of 1.00. World Acceptance has a 1-year low of $63.64 and a 1-year high of $181.18.
WRLD has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of World Acceptance from a “hold” rating to a “sell” rating in a research report on Friday, July 9th. Jefferies Financial Group restated a “sell” rating and issued a $57.00 price objective on shares of World Acceptance in a research note on Tuesday, April 13th. Finally, Stephens upgraded shares of World Acceptance from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $112.00 to $140.00 in a research note on Thursday.
World Acceptance Company Profile
World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, 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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