Stock analysts expect World Acceptance Co. (NASDAQ: WRLD) to report earnings per share (EPS) of $ 2.05 for the current fiscal quarter, according to Zack. Two analysts provided earnings estimates for World Acceptance. The lowest EPS estimate is $ 1.52 and the highest is $ 2.58. World Acceptance reported earnings per share of $ 1.96 for the same quarter last year, which would indicate a positive year-over-year growth rate of 4.6%. The company is expected to announce its next earnings report on Thursday, October 28.
According to Zacks, analysts expect World Acceptance to report annual earnings of $ 11.10 per share for the current year, with EPS estimates ranging from $ 9.82 to $ 12.37. For the next fiscal year, analysts expect the company to post earnings of $ 9.66 per share, with EPS estimates ranging from $ 7.02 to $ 12.30. Zacks earnings per share averages are an average based on a survey of analysts who cover global acceptance.
World Acceptance (NASDAQ: WRLD) last released its quarterly results on Tuesday, July 20. The credit services provider reported earnings of $ 2.44 per share for the quarter, beating the consensus estimate of $ 2.01 by $ 0.43. World Acceptance recorded a return on equity of 23.05% and a net margin of 16.67%. The company posted revenue of $ 129.66 million for the quarter, compared to a consensus estimate of $ 122.77 million.
Several brokerage firms have weighed in on WRLD recently. Stephens raised global acceptance from an “underweight” rating to an “equal weight” rating and increased its price target for the share from $ 112.00 to $ 140.00 in a report released on Thursday July 22. Zacks investment research reduced global acceptance of a “strong buy” rating to a “conservation” rating in a research report released Wednesday, September 22.
Actions of NASDAQ WRLD open for $ 196.99 Monday. The company has a debt to equity ratio of 1.15, a rapid ratio of 13.37 and a current ratio of 13.37. The company’s 50-day mobile average price is $ 190.83, and its 200-day mobile average price is $ 163.26. World Acceptance has a minimum of $ 52.44 over 52 weeks and a maximum of $ 209 over 52 weeks. The company has a market cap of $ 1.32 billion, a price-to-earnings ratio of 14.47 and a beta of 1.62.
Separately, insider Daniel Clinton Dyer sold 252 shares of the company in a trade on Friday, August 20. The stock was sold for an average price of $ 186.53, for a total value of $ 47,005.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via the SEC website. Also, director Darrell E. Whitaker sold 1,700 shares of the company in a transaction on Wednesday, July 21. The stock was sold for an average price of $ 175.00, for a total value of $ 297,500.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 23,470 shares of the company valued at $ 4,366,576. Company insiders own 39.00% of the shares of the company.
A number of hedge funds and other institutional investors have recently changed their positions in the company. Macquarie Group Ltd. acquired a new position in World Acceptance in the second quarter valued at $ 29,000. Acadian Asset Management LLC acquired a new equity interest in World Acceptance during the first quarter valued at approximately $ 31,000. Eaton Vance Management acquired a new equity interest in World Acceptance during the first quarter valued at approximately $ 38,000. Wagner Wealth Management LLC acquired a new equity stake in World Acceptance during the first quarter valued at approximately $ 39,000. Finally, Advisor Group Holdings Inc. increased its stake in World Acceptance shares by 107.0% during the second quarter. Advisor Group Holdings Inc. now owns 534 shares of the credit service provider valued at $ 86,000 after purchasing an additional 276 shares during the period. 83.60% of the shares are currently held by institutional investors.
Global Acceptance Company Profile
World Acceptance Corp. is active in the consumer credit sector for small loans. It offers small short-term loans, larger medium-term loans, associated credit insurance, ancillary products and services to individuals. The company also offers tax preparation services to its clients. The company also markets computer software and related services to financial services companies through its subsidiary ParaData Financial Systems.
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