World Acceptance Corp. (WRLD) Trading Down 1.8%
World Acceptance Corp. (NASDAQ:WRLD) traded down 1.8% during mid-day trading on Monday . The company traded as low as $51.02 and last traded at $53.09, with a volume of 156,503 shares trading hands. The stock had previously closed at $54.07.
A number of equities research analysts recently issued reports on the company. Jefferies Group reissued a “hold” rating and issued a $37.00 target price on shares of World Acceptance Corp. in a research report on Friday, July 15th. Zacks Investment Research downgraded World Acceptance Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th.
The firm’s 50-day moving average price is $44.56 and its 200-day moving average price is $39.05. The company has a market capitalization of $466.76 million and a PE ratio of 5.33.
World Acceptance Corp. (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, May 5th. The company reported $3.29 EPS for the quarter, missing analysts’ consensus estimates of $3.71 by $0.42. During the same quarter in the previous year, the business earned $5.34 EPS. The business earned $142.30 million during the quarter, compared to analysts’ expectations of $138.85 million. The company’s revenue was down 15.0% on a year-over-year basis. Analysts predict that World Acceptance Corp. will post $8.63 EPS for the current year.
Other large investors have made changes to their positions in the company. Morgan Stanley raised its stake in shares of World Acceptance Corp. by 63.1% in the fourth quarter. Morgan Stanley now owns 32,023 shares of the company’s stock valued at $1,189,000 after buying an additional 12,390 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of World Acceptance Corp. by 14.5% in the fourth quarter. California Public Employees Retirement System now owns 66,200 shares of the company’s stock valued at $2,456,000 after buying an additional 8,400 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of World Acceptance Corp. by 80.8% in the fourth quarter. First Trust Advisors LP now owns 93,299 shares of the company’s stock valued at $3,461,000 after buying an additional 41,703 shares during the last quarter.
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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