World Acceptance Corp. (WRLD) Sees Large Volume Increase
World Acceptance Corp. (NASDAQ:WRLD) shares saw an uptick in trading volume on Wednesday . 410,835 shares traded hands during trading, an increase of 235% from the previous session’s volume of 122,728 shares.The stock last traded at $47.22 and had previously closed at $47.36.
Several research firms recently issued reports on WRLD. Zacks Investment Research lowered shares of World Acceptance Corp. from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 30th. BMO Capital Markets reiterated a “hold” rating and set a $41.00 price target on shares of World Acceptance Corp. in a research report on Friday, July 29th. Finally, Jefferies Group reiterated a “hold” rating and set a $37.00 price target on shares of World Acceptance Corp. in a research report on Friday, July 15th.
The firm’s 50 day moving average price is $48.08 and its 200 day moving average price is $41.83. The company has a market cap of $419.71 million and a PE ratio of 5.22.
World Acceptance Corp. (NASDAQ:WRLD) last issued its earnings results on Thursday, July 28th. The company reported $1.89 EPS for the quarter, missing the Zacks’ consensus estimate of $2.22 by $0.33. The company earned $127.10 million during the quarter, compared to analysts’ expectations of $130.91 million. During the same quarter in the prior year, the company posted $2.71 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. Equities research analysts expect that World Acceptance Corp. will post $8.13 EPS for the current fiscal year.
World Acceptance Corporation is a small-loan consumer finance company. The Company offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. The Company also offers income tax return preparation services and electronic filing program to its customer base and to others.
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