World Acceptance (NASDAQ:WRLD) Posts Quarterly Earnings Results

World Acceptance (NASDAQ:WRLD - Get Free Report) announced its quarterly earnings results on Thursday. The credit services provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($2.19), Zacks reports. World Acceptance had a return on equity of 18.95% and a net margin of 14.29%. The business had revenue of $132.45 million for the quarter, compared to analysts' expectations of $122.38 million.

World Acceptance Stock Up 2.8%

NASDAQ:WRLD traded up $4.27 on Friday, reaching $159.09. The stock had a trading volume of 69,477 shares, compared to its average volume of 63,806. The company has a current ratio of 17.83, a quick ratio of 19.32 and a debt-to-equity ratio of 1.10. The company has a 50-day moving average of $160.46 and a 200 day moving average of $141.22. The stock has a market cap of $844.29 million, a P/E ratio of 10.73 and a beta of 1.35. World Acceptance has a 12-month low of $101.85 and a 12-month high of $177.25.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of World Acceptance from a "strong-buy" rating to a "hold" rating in a research report on Saturday.

Insider Transactions at World Acceptance

In other news, Director Darrell E. Whitaker sold 2,500 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $155.73, for a total value of $389,325.00. Following the sale, the director owned 5,074 shares in the company, valued at approximately $790,174.02. This represents a 33.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alice Lindsay Caulder sold 1,010 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $150.00, for a total transaction of $151,500.00. Following the sale, the senior vice president owned 10,315 shares in the company, valued at approximately $1,547,250. This trade represents a 8.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,560 shares of company stock valued at $548,875. 43.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On World Acceptance

An institutional investor recently raised its position in World Acceptance stock. Empowered Funds LLC increased its holdings in shares of World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,422 shares of the credit services provider's stock after acquiring an additional 925 shares during the quarter. Empowered Funds LLC owned approximately 0.41% of World Acceptance worth $2,964,000 at the end of the most recent quarter. Institutional investors own 83.63% of the company's stock.

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.