World Acceptance (NASDAQ:WRLD) Posts Quarterly Earnings Results, Beats Expectations By $1.22 EPS

World Acceptance (NASDAQ:WRLD - Get Free Report) released its earnings results on Tuesday. The credit services provider reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $1.22, Zacks reports. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%.

World Acceptance Trading Down 1.4 %

World Acceptance stock traded down $2.08 during midday trading on Friday, reaching $141.29. The stock had a trading volume of 14,232 shares, compared to its average volume of 26,126. World Acceptance has a twelve month low of $101.85 and a twelve month high of $161.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 22.46 and a quick ratio of 19.53. The firm has a market cap of $812.39 million, a price-to-earnings ratio of 9.87 and a beta of 1.44. The firm's fifty day simple moving average is $119.53 and its two-hundred day simple moving average is $118.67.

Insider Buying and Selling at World Acceptance

In other World Acceptance news, insider Luke J. Umstetter sold 600 shares of World Acceptance stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $150.00, for a total transaction of $90,000.00. Following the transaction, the insider now owns 15,248 shares of the company's stock, valued at $2,287,200. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 43.20% of the company's stock.

Analyst Upgrades and Downgrades

WRLD has been the subject of a number of recent research reports. StockNews.com upgraded World Acceptance from a "buy" rating to a "strong-buy" rating in a research report on Monday, January 13th. Stephens initiated coverage on World Acceptance in a research report on Wednesday, November 13th. They issued an "equal weight" rating and a $10.00 price target for the company.

World Acceptance Company Profile

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.