World Acceptance Corp. (WRLD) Releases Earnings Results, Misses Expectations By $-0.41 EPS

World Acceptance Corp. (WRLD) reported quarterly earnings results on Thursday, May-5-2016. The company reported $3.29 earnings per share for the quarter, missing the analyst consensus estimate by $-0.41. Analysts had a consensus of $3.70. The company posted revenue of $142.30 million in the period, compared to analysts expectations of $141.06 million. The company’s revenue was down -15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.34 EPS.

World Acceptance Corp. opened for trading at $43.02 and hit $44.0975 on the upside on Wednesday, eventually ending the session at $43.91, with a gain of 0.97% or 0.42 points. The heightened volatility saw the trading volume jump to 1,56,554 shares. Company has a market cap of $392 M.

In a different news, on Jun 24, 2015, Francisco J Sauza (SVP, MEXICO) sold 4,000 shares at $82.51 per share price. According to the SEC, on Mar 17, 2015, Jeff L Tinney (SVP, WESTERN DIVISION) sold 4,400 shares at $90.29 per share price. On Feb 26, 2015, Daniel Clinton Dyer (SVP, CENTRAL DIVISION) sold 4,000 shares at $82.99 per share price, according to the Form-4 filing with the securities and exchange commission.

World Acceptance Corporation is a small-loan consumer finance company. The Company offers short-term small loans medium-term larger loans related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. The Company also offers income tax return preparation services and electronic filing program to its customer base and to others. The Company also markets computer software and related services to financial services companies through its ParaData Financial Systems subsidiary. The Company operates through the consumer finance segment. The Company as an agent for an unaffiliated insurance company markets and sells credit life credit accident and health credit property and unemployment insurance in connection with its loans in selected states where the sale of such insurance is permitted by law. The Company also offers automobile club memberships to its borrowers.

World Acceptance Corp.

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