World Acceptance (NASDAQ:WRLD) Posts Quarterly Earnings Results, Misses Expectations By $2.19 EPS

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

World Acceptance Stock Performance

World Acceptance stock traded up $3.22 during trading on Monday, reaching $162.31. The company had a trading volume of 67,310 shares, compared to its average volume of 37,392. The firm's 50-day simple moving average is $160.46 and its 200 day simple moving average is $141.61. World Acceptance has a 52 week low of $101.85 and a 52 week high of $177.25. 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 firm has a market capitalization of $884.59 million, a price-to-earnings ratio of 10.95 and a beta of 1.35.

Analyst Ratings Changes

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

Insider Activity

In other World Acceptance news, Director Darrell E. Whitaker sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $155.73, for a total value of $389,325.00. Following the completion of the transaction, the director directly owned 5,074 shares in the company, valued at $790,174.02. This represents a 33.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Alice Lindsay Caulder sold 1,010 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $150.00, for a total value of $151,500.00. Following the completion of the sale, the senior vice president owned 10,315 shares of the company's stock, valued at $1,547,250. The trade was a 8.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,560 shares of company stock worth $548,875 in the last ninety days. Corporate insiders own 41.60% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in World Acceptance stock. Empowered Funds LLC grew its stake 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,422 shares of the credit services provider's stock after buying an additional 925 shares during the period. Empowered Funds LLC owned 0.41% of World Acceptance worth $2,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 83.63% of the stock is owned by institutional investors and hedge funds.

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.