World Acceptance (NASDAQ:WRLD) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of World Acceptance (NASDAQ:WRLD) from a strong-buy rating to a buy rating in a report published on Tuesday morning, BidAskClub reports.

A number of other equities analysts have also weighed in on WRLD. Zacks Investment Research lowered shares of World Acceptance from a hold rating to a sell rating in a research report on Saturday, March 2nd. ValuEngine downgraded shares of World Acceptance from a buy rating to a hold rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. World Acceptance presently has a consensus rating of Buy and an average target price of $111.00.

Shares of NASDAQ:WRLD opened at $144.56 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 15.02 and a quick ratio of 15.02. World Acceptance has a fifty-two week low of $89.78 and a fifty-two week high of $146.62. The firm has a market cap of $1.35 billion, a P/E ratio of 18.00 and a beta of 2.32.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Thursday, May 9th. The credit services provider reported $4.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.56 by $0.66. World Acceptance had a net margin of 6.84% and a return on equity of 13.39%. The firm had revenue of $157.00 million during the quarter, compared to analyst estimates of $146.60 million. During the same quarter in the prior year, the business earned $3.70 earnings per share. World Acceptance’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts anticipate that World Acceptance will post 8.27 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in World Acceptance by 6.1% during the fourth quarter. BlackRock Inc. now owns 967,506 shares of the credit services provider’s stock valued at $98,938,000 after purchasing an additional 55,747 shares in the last quarter. Nantahala Capital Management LLC raised its stake in World Acceptance by 2.0% during the fourth quarter. Nantahala Capital Management LLC now owns 741,945 shares of the credit services provider’s stock valued at $75,871,000 after purchasing an additional 14,533 shares in the last quarter. Renaissance Technologies LLC raised its stake in World Acceptance by 11.9% during the first quarter. Renaissance Technologies LLC now owns 249,600 shares of the credit services provider’s stock valued at $29,236,000 after purchasing an additional 26,600 shares in the last quarter. Northern Trust Corp raised its stake in World Acceptance by 0.7% during the fourth quarter. Northern Trust Corp now owns 155,940 shares of the credit services provider’s stock valued at $15,946,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. raised its stake in World Acceptance by 0.8% during the first quarter. Bronte Capital Management Pty Ltd. now owns 136,575 shares of the credit services provider’s stock valued at $15,997,000 after purchasing an additional 1,019 shares in the last quarter. 88.82% of the stock is currently owned by institutional investors.

World Acceptance Company Profile

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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