The stock of World Acceptance Corp. (NASDAQ:WRLD) is a huge mover today! About 125,041 shares traded hands. World Acceptance Corp. (NASDAQ:WRLD) has risen 33.51% since February 29, 2016 and is uptrending. It has outperformed by 21.30% the S&P500.
The move comes after 7 months positive chart setup for the $463.64M company. It was reported on Oct, 4 by Barchart.com. We have $128.57 PT which if reached, will make NASDAQ:WRLD worth $714.01M more.
Analysts await World Acceptance Corp. (NASDAQ:WRLD) to report earnings on November, 3. They expect $1.67 earnings per share, down 24.77% or $0.55 from last year’s $2.22 per share. WRLD’s profit will be $15.30 million for 7.58 P/E if the $1.67 EPS becomes a reality. After $1.89 actual earnings per share reported by World Acceptance Corp. for the previous quarter, Wall Street now forecasts -11.64% negative EPS growth.
World Acceptance Corp. (NASDAQ:WRLD) Ratings Coverage
Out of 2 analysts covering World Acceptance (NASDAQ:WRLD), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. World Acceptance has been the topic of 2 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 24 by FBR Capital. The stock has “Buy” rating given by Janney Capital on Tuesday, August 11.
According to Zacks Investment Research, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals.”
Insitutional Activity: The institutional sentiment decreased to 0.77 in 2016 Q2. Its down 0.52, from 1.29 in 2016Q1. The ratio dived, as 15 funds sold all World Acceptance Corp. shares owned while 41 reduced positions. 14 funds bought stakes while 29 increased positions. They now own 8.17 million shares or 8.15% less from 8.90 million shares in 2016Q1.
Moreover, Spark Mngmt Lc has 0.1% invested in World Acceptance Corp. (NASDAQ:WRLD) for 22,500 shares. Product Prns Limited Liability has 15,900 shares for 0.06% of their US portfolio. Lsv Asset Mgmt holds 0.04% or 438,669 shares in its portfolio. Comerica Bank & Trust holds 0% of its portfolio in World Acceptance Corp. (NASDAQ:WRLD) for 8,384 shares. The Tennessee-based State Of Tennessee Treasury Department has invested 0% in World Acceptance Corp. (NASDAQ:WRLD). Teachers Retirement Systems Of The State Of Kentucky holds 5,200 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in World Acceptance Corp. (NASDAQ:WRLD) for 2,607 shares. Manufacturers Life Insurance The has 395,694 shares for 0.03% of their US portfolio. Century Cos holds 119,696 shares or 0.01% of its portfolio. State Board Of Administration Of Florida Retirement System has 0% invested in the company for 9,895 shares. Metropolitan Life Insur Ny has 0% invested in the company for 5,388 shares. Cornerstone Cap Management Holdg Ltd Limited Liability Company owns 9,900 shares or 0% of their US portfolio. Legal General Gp Pcl has 1,203 shares for 0% of their US portfolio. Swiss Financial Bank reported 11,800 shares or 0% of all its holdings. Ladenburg Thalmann Services has 63 shares for 0% of their US portfolio.
More notable recent World Acceptance Corp. (NASDAQ:WRLD) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 21, 2009, also Quotes.Wsj.com with their article: “News World Acceptance Corp.WRLD” published on February 12, 2011, Marketwatch.com published: “World Acceptance Corp. plunges on possible CFPB action” on August 10, 2015. More interesting news about World Acceptance Corp. (NASDAQ:WRLD) were released by: Nasdaq.com and their article: “World Acceptance Corp. Q1 Profit Retreats 30%” published on July 28, 2016 as well as Seekingalpha.com‘s news article titled: “World Acceptance Corp. Will Be The Next Victim Of The Serial Lender Killer …” with publication date: September 09, 2015.
WRLD Company Profile
World Acceptance Corporation, incorporated on February 22, 1973, operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Firm offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary services and products to individuals. The Firm offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016. The Firm generally serves individuals with limited access to other sources of consumer credit, such as banks, credit unions, other consumer finance businesses and credit card lenders. In the United States branches, the Company also offers income tax return preparation services to its loan clients and other individuals.
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