World Acceptance Corporation (NASDAQ:WRLD) – Investment analysts at Jefferies Group lifted their Q4 2018 EPS estimates for World Acceptance Corporation in a research report issued to clients and investors on Thursday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will post earnings per share of $2.49 for the quarter, up from their prior forecast of $2.26. Jefferies Group has a “Sell” rating and a $40.00 price target on the stock. Jefferies Group also issued estimates for World Acceptance Corporation’s Q4 2019 earnings at $2.67 EPS.

Several other analysts have also recently weighed in on the stock. BidaskClub cut shares of World Acceptance Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. BMO Capital Markets reiterated a “sell” rating and issued a $40.00 price target on shares of World Acceptance Corporation in a report on Tuesday, April 11th. Zacks Investment Research upgraded shares of World Acceptance Corporation from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Saturday, May 13th. TheStreet upgraded shares of World Acceptance Corporation from a “c” rating to a “b-” rating in a report on Tuesday, May 9th. Finally, ValuEngine upgraded shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. World Acceptance Corporation currently has an average rating of “Hold” and a consensus target price of $61.50.

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World Acceptance Corporation (NASDAQ WRLD) traded up 1.49% on Friday, hitting $76.87. 192,683 shares of the company were exchanged. The stock has a 50 day moving average of $76.15 and a 200 day moving average of $63.38. The company has a market capitalization of $666.54 million, a price-to-earnings ratio of 9.17 and a beta of 2.34. World Acceptance Corporation has a 52 week low of $42.01 and a 52 week high of $88.26.

World Acceptance Corporation (NASDAQ:WRLD) last released its earnings results on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.02 by $0.54. World Acceptance Corporation had a net margin of 13.84% and a return on equity of 17.26%. The company had revenue of $128.90 million for the quarter, compared to analyst estimates of $125.74 million. During the same quarter in the previous year, the firm earned $1.89 EPS.

In other news, EVP Daniel Clinton Dyer sold 1,800 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $81.00, for a total transaction of $145,800.00. Following the sale, the executive vice president now owns 21,924 shares in the company, valued at approximately $1,775,844. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Tara Elizabeth Bullock sold 390 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $80.08, for a total transaction of $31,231.20. Following the sale, the senior vice president now owns 7,932 shares in the company, valued at approximately $635,194.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,570 shares of company stock worth $291,337. 28.20% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in WRLD. Federated Investors Inc. PA boosted its stake in shares of World Acceptance Corporation by 5.1% in the second quarter. Federated Investors Inc. PA now owns 14,451 shares of the credit services provider’s stock worth $1,083,000 after buying an additional 704 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of World Acceptance Corporation by 14.0% in the second quarter. BNP Paribas Arbitrage SA now owns 5,422 shares of the credit services provider’s stock worth $406,000 after buying an additional 665 shares during the period. Legal & General Group Plc boosted its stake in shares of World Acceptance Corporation by 11.4% in the second quarter. Legal & General Group Plc now owns 10,982 shares of the credit services provider’s stock worth $822,000 after buying an additional 1,126 shares during the period. Arizona State Retirement System acquired a new stake in shares of World Acceptance Corporation during the second quarter worth approximately $233,000. Finally, Texas Permanent School Fund boosted its stake in shares of World Acceptance Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 4,364 shares of the credit services provider’s stock worth $327,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 98.48% of the company’s stock.

World Acceptance Corporation Company Profile

World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.

Earnings History and Estimates for World Acceptance Corporation (NASDAQ:WRLD)

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