WRLD Stock Touches 52-Week High at $149.95 Amid Steady Growth

Published 28/01/2025, 18:10
WRLD Stock Touches 52-Week High at $149.95 Amid Steady Growth

World Acceptance Corporation (NASDAQ:WRLD) stock has reached a new 52-week high, hitting $149.95 in recent trading. According to InvestingPro data, the company boasts a perfect Piotroski Score of 9 and trades at an attractive P/E ratio of 9.5, suggesting strong fundamental value. This milestone reflects a period of robust performance for the consumer finance company, which has seen its stock price steadily climb, with a notable 15% gain year-to-date. The achievement of this 52-week high represents a significant marker for investors and the company alike, signaling strong market confidence in World Acceptance’s business model and growth strategy. This confidence is further supported by the company’s "GREAT" financial health score from InvestingPro, which offers 8 additional valuable insights about WRLD’s potential. This uptick in stock price underscores the company’s resilience and adaptability in a dynamic financial landscape.

In other recent news, World Acceptance Corporation exceeded Q3 2025 earnings estimates, delivering an earnings per share (EPS) of $2.45, which significantly surpassed the forecasted $1.23. The company also reported a revenue of $138.6 million, exceeding the projected $136.67 million. The company’s portfolio grew by 6.6%, a substantial increase from the 1.5% growth seen in Q3 2024. This growth was accompanied by a 200 basis points improvement in yields and a 4% increase in the customer base year-over-year. Despite a decrease in the average loan balance by 5.1% from December 31, 2023, the strategic focus on smaller loans appears to be paying off. Looking ahead, World Acceptance remains cautiously optimistic, anticipating continued improvements in yield and delinquency trends and expecting steady portfolio growth into fiscal 2026. CEO Chad Prashad expressed confidence in the company’s strategic direction, stating, "We’re excited about the results we’re seeing throughout the portfolio after a few years of rightsizing and derisking." He emphasized the shift towards smaller loans, noting, "We’ve moved and shifted towards smaller loans over the last 2 to 3 years." These are the recent developments for World Acceptance Corporation.

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