World Acceptance (NASDAQ:WRLD) Announces Quarterly Earnings Results

World Acceptance (NASDAQ:WRLD) issued its quarterly earnings data on Tuesday. The credit services provider reported $8.13 earnings per share for the quarter, beating the consensus estimate of $6.42 by $1.71, Zacks reports. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%.

World Acceptance Trading Up 1.8 %

Shares of World Acceptance stock traded up $2.44 during trading on Tuesday, reaching $139.74. The company’s stock had a trading volume of 3,102 shares, compared to its average volume of 29,474. The company has a market cap of $803.06 million, a price-to-earnings ratio of 9.59 and a beta of 1.35. The firm’s 50-day moving average is $126.43 and its two-hundred day moving average is $124.12. World Acceptance has a 52-week low of $101.85 and a 52-week high of $161.63. The company has a quick ratio of 22.46, a current ratio of 22.46 and a debt-to-equity ratio of 1.31.

Insiders Place Their Bets

In other news, SVP Scott Mcintyre sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $150.22, for a total transaction of $300,440.00. Following the completion of the transaction, the senior vice president now directly owns 7,183 shares of the company’s stock, valued at $1,079,030.26. The trade was a 21.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alice Lindsay Caulder sold 600 shares of World Acceptance stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.81, for a total value of $83,886.00. Following the transaction, the senior vice president now owns 8,524 shares in the company, valued at $1,191,740.44. This trade represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,588 shares of company stock valued at $529,409 in the last quarter. Insiders own 43.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 14th.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.