World Acceptance (NASDAQ:WRLD) Issues Quarterly Earnings Results, Beats Estimates By $2.00 EPS

World Acceptance (NASDAQ:WRLD) released its earnings results on Friday. The credit services provider reported $3.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $2.00, reports. The firm had revenue of $131.41 million for the quarter, compared to analysts’ expectations of $139.52 million. World Acceptance had a net margin of 15.02% and a return on equity of 20.05%.

World Acceptance Stock Down 0.6 %

WRLD opened at $115.30 on Monday. The company has a quick ratio of 17.02, a current ratio of 19.53 and a debt-to-equity ratio of 1.21. The stock has a market cap of $674.51 million, a price-to-earnings ratio of 7.84 and a beta of 1.39. World Acceptance has a twelve month low of $94.57 and a twelve month high of $149.31. The company’s 50-day moving average price is $116.13 and its two-hundred day moving average price is $123.72.

Insider Buying and Selling at World Acceptance

In other World Acceptance news, insider Luke J. Umstetter sold 500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $120.78, for a total value of $60,390.00. Following the transaction, the insider now directly owns 14,238 shares in the company, valued at $1,719,665.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 43.20% of the company’s stock.

Institutional Trading of World Acceptance

Several hedge funds and other institutional investors have recently modified their holdings of WRLD. Allspring Global Investments Holdings LLC bought a new stake in shares of World Acceptance in the first quarter valued at approximately $242,000. Principal Financial Group Inc. increased its holdings in World Acceptance by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 21,601 shares of the credit services provider’s stock worth $3,132,000 after acquiring an additional 261 shares during the period. Quantbot Technologies LP increased its holdings in World Acceptance by 199.8% during the 1st quarter. Quantbot Technologies LP now owns 2,617 shares of the credit services provider’s stock worth $379,000 after acquiring an additional 1,744 shares during the period. Empowered Funds LLC increased its holdings in World Acceptance by 47.8% during the 1st quarter. Empowered Funds LLC now owns 18,918 shares of the credit services provider’s stock worth $2,743,000 after acquiring an additional 6,116 shares during the period. Finally, SG Americas Securities LLC increased its holdings in World Acceptance by 7.3% during the 1st quarter. SG Americas Securities LLC now owns 4,279 shares of the credit services provider’s stock worth $620,000 after acquiring an additional 291 shares during the period. Institutional investors own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 19th.

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.