World Acceptance Corp. (WRLD) Trading Up 2.7%
World Acceptance Corp. (NASDAQ:WRLD) shares were up 2.7% during mid-day trading on Thursday . The stock traded as high as $50.29 and last traded at $49.39, with a volume of 176,177 shares. The stock had previously closed at $48.11.
Several research analysts recently issued reports on WRLD shares. Zacks Investment Research raised shares of World Acceptance Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Friday, May 6th. BMO Capital Markets reissued a “hold” rating and set a $41.00 target price 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 target price on shares of World Acceptance Corp. in a report on Friday, July 15th.
The stock’s 50 day moving average price is $47.95 and its 200-day moving average price is $41.94. The company has a market cap of $435.24 million and a price-to-earnings ratio of 5.41.
World Acceptance Corp. (NASDAQ:WRLD) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by $0.33. The firm had revenue of $127.10 million for the quarter, compared to the consensus estimate of $130.91 million. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.71 EPS. On average, analysts anticipate that World Acceptance Corp. will post $8.13 earnings per share 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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