Research Analysts Offer Predictions for World Acceptance Corporation’s Q4 2017 Earnings (WRLD)

Research Analysts Offer Predictions for World Acceptance Corporation’s Q4 2017 Earnings (WRLD)

World Acceptance Corporation (NASDAQ:WRLD) – Stock analysts at Jefferies Group decreased their Q4 2017 earnings per share (EPS) estimates for shares of World Acceptance Corporation in a note issued to investors on Thursday. Jefferies Group analyst J. Hecht now anticipates that the firm will post earnings per share of $2.75 for the quarter, down from their prior estimate of $2.81. Jefferies Group has a “Underperform” rating and a $53.00 price objective on the stock. Jefferies Group also issued estimates for World Acceptance Corporation’s Q2 2018 earnings at $1.55 EPS, Q3 2018 earnings at $0.84 EPS, Q1 2019 earnings at $1.27 EPS, Q2 2019 earnings at $1.31 EPS, Q3 2019 earnings at $0.48 EPS and FY2019 earnings at $5.00 EPS.

WRLD has been the topic of a number of other reports. Stephens assumed coverage on World Acceptance Corporation in a research report on Tuesday, November 1st. They issued an “underweight” rating and a $44.00 target price on the stock. BMO Capital Markets downgraded World Acceptance Corporation from a “market perform” rating to an “underperform” rating and set a $44.00 price target for the company. in a report on Friday, November 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded World Acceptance Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th.

Shares of World Acceptance Corporation (NASDAQ:WRLD) traded down 1.24% during mid-day trading on Friday, hitting $48.76. 285,668 shares of the stock traded hands. The stock has a 50 day moving average price of $63.37 and a 200-day moving average price of $53.24. World Acceptance Corporation has a one year low of $26.87 and a one year high of $68.83. The company has a market cap of $425.58 million, a P/E ratio of 5.56 and a beta of 1.77.

World Acceptance Corporation (NASDAQ:WRLD) last issued its quarterly earnings results on Thursday, January 26th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by $0.46. The business had revenue of $130.80 million for the quarter, compared to analyst estimates of $131.06 million. World Acceptance Corporation had a return on equity of 19.14% and a net margin of 14.02%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS.

In related news, Director Darrell E. Whitaker sold 1,180 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $62.74, for a total transaction of $74,033.20. Following the completion of the transaction, the director now directly owns 5,335 shares in the company, valued at approximately $334,717.90. The sale was disclosed in a document filed with the SEC, which is available through this link. 28.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of WRLD. Pacad Investment Ltd. bought a new position in shares of World Acceptance Corporation during the second quarter worth approximately $114,000. BNP Paribas Arbitrage SA increased its position in shares of World Acceptance Corporation by 91.8% in the second quarter. BNP Paribas Arbitrage SA now owns 2,607 shares of the company’s stock worth $119,000 after buying an additional 1,248 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of World Acceptance Corporation by 4.7% in the third quarter. BlackRock Advisors LLC now owns 3,349 shares of the company’s stock worth $164,000 after buying an additional 150 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of World Acceptance Corporation by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,570 shares of the company’s stock worth $163,000 after buying an additional 491 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of World Acceptance Corporation by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,230 shares of the company’s stock worth $208,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 95.02% 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.

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