World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, 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. In addition, the company markets and sells credit life, credit accident and health, credit property and auto, unemployment, and accidental death and dismemberment insurance in connection with its loans. It serves individuals with limited access to other sources of consumer credit, such as banks, credit unions, other consumer finance businesses, and credit card lenders. As of March 31, 2022, it operated 1,167 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Wisconsin. World Acceptance Corporation was founded in 1962 and is headquartered in Greenville, South Carolina.
World Acceptance Trading Up 0.3 %
Shares of NASDAQ:WRLD traded up $0.41 during midday trading on Friday, hitting $122.64. The company had a trading volume of 65,814 shares, compared to its average volume of 64,206. World Acceptance has a 12 month low of $98.96 and a 12 month high of $265.75. The company has a current ratio of 17.67, a quick ratio of 15.36 and a debt-to-equity ratio of 2.19. The stock has a market cap of $770.18 million, a price-to-earnings ratio of 27.13 and a beta of 1.48. The firm has a fifty day simple moving average of $118.96 and a 200 day simple moving average of $162.41.
World Acceptance (NASDAQ:WRLD - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The credit services provider reported ($1.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($2.38). World Acceptance had a return on equity of 11.50% and a net margin of 4.81%. During the same period in the prior year, the business earned $2.44 earnings per share. On average, analysts predict that World Acceptance will post 4.56 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have commented on WRLD shares. TheStreet lowered World Acceptance from a "b-" rating to a "c+" rating in a research report on Thursday, May 12th. StockNews.com upgraded World Acceptance from a "hold" rating to a "buy" rating in a research report on Monday, May 2nd. BMO Capital Markets decreased their price objective on World Acceptance from $57.00 to $52.00 in a research report on Friday, July 29th. Finally, Stephens decreased their price objective on World Acceptance from $159.00 to $105.00 and set an "underweight" rating on the stock in a research report on Thursday, July 28th.