Zacks: Brokerages Expect World Acceptance Corp. (WRLD) Will Post Quarterly Sales of $132.30 Million

Equities research analysts expect World Acceptance Corp. (NASDAQ:WRLD) to announce $132.30 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for World Acceptance’s earnings, with estimates ranging from $131.73 million to $132.87 million. World Acceptance reported sales of $128.91 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The company is expected to issue its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that World Acceptance will report full-year sales of $567.95 million for the current financial year, with estimates ranging from $565.02 million to $570.87 million. For the next year, analysts expect that the company will post sales of $588.04 million per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for World Acceptance.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, May 10th. The credit services provider reported $3.70 EPS for the quarter, missing the Zacks’ consensus estimate of $3.94 by ($0.24). The business had revenue of $151.86 million during the quarter, compared to the consensus estimate of $147.04 million. World Acceptance had a return on equity of 13.82% and a net margin of 9.78%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.64 EPS.

A number of brokerages have recently commented on WRLD. ValuEngine lowered shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of World Acceptance from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. BidaskClub lowered shares of World Acceptance from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. TheStreet raised shares of World Acceptance from a “c” rating to a “b-” rating in a research report on Thursday, May 10th. Finally, BMO Capital Markets boosted their price objective on shares of World Acceptance to $87.00 and gave the stock an “underperform” rating in a research report on Friday, May 11th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.50.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. bought a new stake in World Acceptance during the first quarter worth $196,000. Burney Co. acquired a new position in shares of World Acceptance in the first quarter valued at $233,000. MetLife Investment Advisors LLC acquired a new position in shares of World Acceptance in the fourth quarter valued at $184,000. Cambria Investment Management L.P. acquired a new position in shares of World Acceptance in the first quarter valued at $345,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of World Acceptance by 75.0% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 3,920 shares of the credit services provider’s stock valued at $317,000 after purchasing an additional 1,680 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WRLD stock traded up $0.07 during trading on Monday, reaching $115.01. The company’s stock had a trading volume of 33,700 shares, compared to its average volume of 89,018. The company has a quick ratio of 20.24, a current ratio of 13.78 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.05 billion, a PE ratio of 15.08 and a beta of 2.72. World Acceptance has a one year low of $71.02 and a one year high of $121.17.

About World Acceptance

World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as 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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Earnings History and Estimates for World Acceptance (NASDAQ:WRLD)

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