World Acceptance (NASDAQ:WRLD) released its quarterly earnings results on Tuesday. The credit services provider reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.43, MarketWatch Earnings reports. World Acceptance had a return on equity of 23.20% and a net margin of 16.80%.
Shares of World Acceptance stock traded up $0.35 on Thursday, reaching $181.43. 111 shares of the company were exchanged, compared to its average volume of 24,753. World Acceptance has a one year low of $63.64 and a one year high of $181.18. The firm has a market cap of $1.23 billion, a P/E ratio of 13.50 and a beta of 1.59. The company has a quick ratio of 14.24, a current ratio of 14.24 and a debt-to-equity ratio of 1.00. The firm’s 50-day moving average is $160.62.
A number of equities analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “sell” rating and set a $57.00 price target on shares of World Acceptance in a research report on Tuesday, April 13th. Zacks Investment Research downgraded World Acceptance from a “hold” rating to a “sell” rating in a research report on Friday, July 9th. Finally, Stephens raised World Acceptance from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $112.00 to $140.00 in a research report on Thursday.
World Acceptance Company Profile
World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.
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