World Acceptance (NASDAQ:WRLD) Announces Quarterly Earnings Results

World Acceptance (NASDAQ:WRLD) issued its earnings results on Tuesday. The credit services provider reported $2.45 EPS for the quarter, beating the consensus estimate of $1.23 by $1.22, Zacks reports. World Acceptance had a net margin of 15.02% and a return on equity of 19.85%.

World Acceptance Stock Performance

Shares of World Acceptance stock opened at $150.39 on Wednesday. The company’s 50 day moving average price is $118.46 and its two-hundred day moving average price is $118.32. The firm has a market capitalization of $864.74 million, a P/E ratio of 10.22 and a beta of 1.44. World Acceptance has a fifty-two week low of $101.85 and a fifty-two week high of $161.63. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53.

Wall Street Analyst Weigh In

Several research analysts have commented on WRLD shares. Stephens initiated coverage on shares of World Acceptance in a research report on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 price objective for the company. StockNews.com raised World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th.

Insider Transactions at World Acceptance

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $114.30, for a total transaction of $62,865.00. Following the sale, the insider now directly owns 11,370 shares of the company’s stock, valued at $1,299,591. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 43.20% of the company’s stock.

About World Acceptance

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.