FBR Capital Upgrades World Acceptance Corp. to Outperform (WRLD)
World Acceptance Corp. (NASDAQ: WRLD) was upgraded by FBR Capital (NASDAQ: FBCM) from a “market perform” rating to an “outperform” rating in a research note issued on Friday. The firm currently has a $72.00 price target on the stock, up from their previous price target of $68.00.
World Acceptance Corp. traded up 0.19% on Friday, hitting $70.08. World Acceptance Corp. has a 52-week low of $53.56 and a 52-week high of $74.95. The company has a market cap of $1.037 billion and a price-to-earnings ratio of 10.62.
World Acceptance Corp. last posted its quarterly earnings results on Thursday, April 26th. The company reported $2.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.47 by $0.07. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Analysts expect that World Acceptance Corp. will post $1.86 EPS next quarter.
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.