Equities research analysts expect World Acceptance Co. (NASDAQ:WRLD) to post sales of $134.85 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for World Acceptance’s earnings, with the lowest sales estimate coming in at $129.00 million and the highest estimate coming in at $140.70 million. World Acceptance posted sales of $124.44 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The business is scheduled to report its next earnings report on Thursday, October 28th.
According to Zacks, analysts expect that World Acceptance will report full year sales of $557.20 million for the current year, with estimates ranging from $536.00 million to $578.40 million. For the next year, analysts expect that the business will post sales of $570.58 million, with estimates ranging from $533.00 million to $608.17 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow World Acceptance.
World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings data on Tuesday, July 20th. The credit services provider reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.43. The firm had revenue of $129.66 million for the quarter, compared to the consensus estimate of $122.77 million. World Acceptance had a return on equity of 23.05% and a net margin of 16.67%.
In other World Acceptance news, SVP Alice Lindsay Caulder sold 2,115 shares of World Acceptance stock in a transaction dated Monday, September 13th. The stock was sold at an average price of $200.00, for a total value of $423,000.00. Following the sale, the senior vice president now owns 12,001 shares of the company’s stock, valued at approximately $2,400,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Scott Mcintyre sold 332 shares of the stock in a transaction dated Thursday, September 9th. The stock was sold at an average price of $200.00, for a total value of $66,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,062 shares of company stock valued at $4,645,176 over the last 90 days. Corporate insiders own 39.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers grew its position in shares of World Acceptance by 0.5% in the 1st quarter. Rhumbline Advisers now owns 15,620 shares of the credit services provider’s stock valued at $2,027,000 after acquiring an additional 82 shares during the period. Principal Financial Group Inc. grew its holdings in World Acceptance by 0.5% during the second quarter. Principal Financial Group Inc. now owns 27,275 shares of the credit services provider’s stock worth $4,371,000 after purchasing an additional 149 shares during the period. BNP Paribas Arbitrage SA grew its holdings in World Acceptance by 7.9% during the first quarter. BNP Paribas Arbitrage SA now owns 2,227 shares of the credit services provider’s stock worth $289,000 after purchasing an additional 163 shares during the period. Macquarie Group Ltd. acquired a new position in World Acceptance during the second quarter worth approximately $29,000. Finally, Greenline Partners LLC raised its stake in World Acceptance by 2.8% in the second quarter. Greenline Partners LLC now owns 7,729 shares of the credit services provider’s stock valued at $1,238,000 after buying an additional 209 shares during the period. 83.60% of the stock is currently owned by institutional investors and hedge funds.
World Acceptance stock traded up $1.06 during mid-day trading on Thursday, hitting $193.41. The stock had a trading volume of 425 shares, compared to its average volume of 39,628. The stock has a 50-day simple moving average of $186.38 and a two-hundred day simple moving average of $160.11. The company has a current ratio of 13.37, a quick ratio of 13.37 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.29 billion, a PE ratio of 14.13 and a beta of 1.62. World Acceptance has a 12 month low of $82.44 and a 12 month high of $209.00.
World Acceptance Company Profile
World Acceptance Corp. engages in the small-loan consumer finance business. It offers short-term small instalment, medium-term larger loans, related credit insurance, ancillary products and services to individuals. The firm also offers income tax return preparation services to customers. The company also markets computer software and related services to financial services companies through its subsidiary ParaData Financial Systems.
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