World Acceptance Corp. (WRLD) Sees Strong Trading Volume
Shares of World Acceptance Corp. (NASDAQ:WRLD) saw an uptick in trading volume on Wednesday . 410,835 shares were traded 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.
A number of brokerages have issued reports on WRLD. Zacks Investment Research cut World Acceptance Corp. from a “hold” rating to a “strong sell” rating in a report on Saturday, July 30th. BMO Capital Markets reissued a “hold” rating and set a $41.00 price objective on shares of World Acceptance Corp. in a report on Friday, July 29th. Finally, Jefferies Group reissued a “hold” rating and set a $37.00 price objective on shares of World Acceptance Corp. in a report on Friday, July 15th.
The firm has a market capitalization of $427.48 million and a price-to-earnings ratio of 5.31. The stock’s 50-day moving average price is $47.96 and its 200-day moving average price is $41.89.
World Acceptance Corp. (NASDAQ:WRLD) last posted its earnings results on Thursday, July 28th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by $0.33. During the same quarter in the previous year, the firm earned $2.71 earnings per share. The company earned $127.10 million during the quarter, compared to analyst estimates of $130.91 million. The company’s revenue was down 7.4% compared to the same quarter last year. Equities analysts predict 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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