World Acceptance Corp executive sells $145,000 in stock

Published 24/02/2025, 16:52
World Acceptance Corp executive sells $145,000 in stock

John L. Calmes Jr., Executive Vice President, Chief Financial & Strategy Officer, and Treasurer of World Acceptance Corp (NASDAQ:WRLD), sold 1,000 shares of the company’s common stock on February 21. The shares were sold at a price of $145 each, amounting to a total transaction value of $145,000. Following this sale, Calmes retains ownership of 31,431 shares in the company.

In other recent news, World Acceptance Corporation reported its third-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $2.45 against a forecast of $1.23, and revenue of $138.6 million, exceeding the projected $136.67 million. This strong performance reflects the company’s strategic focus on smaller, high-yield loan products, which has contributed to portfolio growth and improved yields. Additionally, S&P Global Ratings upgraded World Acceptance’s outlook to stable from negative, citing improved asset quality and a stronger cushion against covenant requirements. The company’s net charge-offs have decreased, and its strategy shift has resulted in lower delinquencies.

Moreover, World Acceptance announced a $25 million stock buyback program, reflecting confidence in its financial stability and future prospects. The buyback plan, which includes remaining amounts from previous authorizations, is subject to various factors such as stock price and regulatory requirements. The company has also been managing its debt maturities responsibly, with a modest refinancing risk anticipated in 2026. Analysts from Stephens and Janney have noted the company’s effective strategic adjustments, which have led to a return to pre-pandemic portfolio growth levels. These developments highlight World Acceptance’s ongoing efforts to enhance shareholder value and maintain financial health.

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