World Acceptance (NASDAQ:WRLD – Get Free Report) released its quarterly earnings data on Friday. The credit services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.10, Zacks reports. The firm had revenue of $129.53 million during the quarter, compared to analysts’ expectations of $141.00 million. World Acceptance had a return on equity of 18.69% and a net margin of 13.80%. During the same quarter in the prior year, the business posted $1.62 earnings per share.
World Acceptance Trading Down 17.7 %
Shares of WRLD opened at $120.16 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 17.02 and a quick ratio of 15.98. World Acceptance has a 1-year low of $94.57 and a 1-year high of $160.07. The stock has a market cap of $702.94 million, a price-to-earnings ratio of 9.06 and a beta of 1.38. The firm has a 50 day simple moving average of $128.26 and a 200-day simple moving average of $131.77.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded 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 offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides income tax return preparation and filing services; and automobile club memberships.
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