Stephens cuts global acceptance (NASDAQ:WRLD) to being underweight


Worldwide Acceptance (NASDAQ:WRLD – Get Rating) was downgraded by Stephens analysts from an “equal weight” rating to an “underweight” rating in a research report released Wednesday, Marketbeat.com reports. They currently have a price target of $159.00 on shares of the credit service provider. Stephens’ target price would suggest a potential upside of 41.66% from the company’s current price.

Other stock analysts have also published research reports on the stock. StockNews.com upgraded World Acceptance shares from a “hold” to a “buy” rating in a Monday, May 2 research report. TheStreet downgraded shares of World Acceptance from a ‘b-‘ rating to a ‘c+’ rating in a Thursday, May 12 research note.

WRLD opened at $112.24 on Wednesday. The company has a market capitalization of $704.64 million, a P/E ratio of 13.22 and a beta of 1.48. Worldwide acceptance has a 1-year minimum of $107.96 and a 1-year maximum of $265.75. The company has a 50-day simple moving average of $145.37 and a two-hundred-day simple moving average of $184.89. The company has a debt ratio of 1.86, a current ratio of 15.36 and a quick ratio of 15.36.

World Acceptance (NASDAQ:WRLD – Get Rating) last released its quarterly results on Thursday, May 5. The credit service provider reported earnings per share of $2.97 for the quarter, missing analyst consensus estimates of $6.88 per ($3.91). World Acceptance had a return on equity of 13.42% and a net margin of 9.26%. The company posted revenue of $166.33 million in the quarter, versus a consensus estimate of $173.91 million. Stock analysts expect World Acceptance to post earnings per share of 5.23 for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the company. The Public Sector Pension Investment Board increased its position in World Acceptance by 0.8% during the fourth quarter. The Public Sector Pension Investment Board now owns 8,591 shares of the credit service provider worth $2,108,000 after buying 70 more shares in the last quarter. The New York State Teachers Retirement System increased its stake in World Acceptance by 1.1% in the first quarter. The New York State Teachers’ Retirement System now owns 9,371 shares of the credit service provider worth $1,798,000 after acquiring 100 additional shares in the last quarter. Patton Albertson Miller Group LLC increased its stake in World Acceptance by 1.3% in the 1st quarter. Patton Albertson Miller Group LLC now owns 11,239 shares of the credit service provider worth $2,156,000 after acquiring an additional 140 shares last quarter. Bank of America Corp DE increased its stake in World Acceptance by 2.0% in the fourth quarter. Bank of America Corp DE now owns 8,825 shares of the credit service provider worth $2,165,000 after acquiring 176 additional shares last quarter. Finally, CWM LLC purchased a new stake in World Acceptance in the 4th quarter at a value of $48,000. 85.05% of the shares are held by institutional investors.

About Global Acceptance (Get an assessment)

World Acceptance Corporation, together with its subsidiaries, is engaged in the small loan consumer finance business. The company offers short-term, small-payment loans, medium-term, larger-payment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and electronic tax return preparation and filing services.

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