World Acceptance Corp. (WRLD) Stock Price Up 2.7%
World Acceptance Corp. (NASDAQ:WRLD) rose 2.7% during mid-day trading on Thursday . The company traded as high as $50.29 and last traded at $49.39, with a volume of 176,177 shares trading hands. The stock had previously closed at $48.11.
WRLD has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of World Acceptance Corp. from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Friday, May 6th. Jefferies Group restated a “hold” rating and set a $37.00 price target on shares of World Acceptance Corp. in a report on Friday, July 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $41.00 price objective on shares of World Acceptance Corp. in a research report on Friday, July 29th.
The company has a market capitalization of $430.53 million and a price-to-earnings ratio of 5.35. The company’s 50-day moving average price is $48.08 and its 200 day moving average price is $41.83.
World Acceptance Corp. (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by $0.33. The company had revenue of $127.10 million for the quarter, compared to analyst estimates of $130.91 million. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.71 EPS. On average, equities research analysts forecast 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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