World Acceptance (NASDAQ:WRLD) Announces Quarterly Earnings Results

World Acceptance (NASDAQ:WRLD) posted its quarterly earnings results on Tuesday. The credit services provider reported $2.45 earnings per share 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 Up 8.7 %

NASDAQ:WRLD opened at $140.55 on Tuesday. World Acceptance has a 52 week low of $101.85 and a 52 week high of $149.31. The stock’s fifty day moving average is $117.77 and its two-hundred day moving average is $118.19. The stock has a market capitalization of $808.16 million, a price-to-earnings ratio of 9.52 and a beta of 1.44. The company has a quick ratio of 19.53, a current ratio of 19.53 and a debt-to-equity ratio of 1.21.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WRLD. StockNews.com upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Stephens started coverage on shares of World Acceptance in a research note on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 target price for the company.

Insider Activity

In other World Acceptance news, insider Luke J. Umstetter sold 550 shares of the firm’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 value of $62,865.00. Following the completion of the transaction, the insider now owns 11,370 shares of the company’s stock, valued at $1,299,591. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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.