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Today, World Acceptance Corporation, a personal credit institution based in Greenville, South Carolina, with a market capitalization of $785 million and currently trading at $145.47, announced that its Board of Directors has authorized a new stock repurchase program. The company is set to buy back up to $25 million of its outstanding common stock, which also includes the remaining amount from previous authorizations. According to InvestingPro data, the company has demonstrated strong momentum with a 30% return year-to-date.
The repurchase plan’s specifics, such as the exact number of shares to be bought back and the timing, will be contingent on various factors. These include the company’s stock price, legal and regulatory requirements, liquidity, potential alternative capital deployments, and broader market and economic conditions. Furthermore, the program is subject to limitations imposed by the company’s Revolving Credit Agreement. Notably, InvestingPro analysis shows the company maintains excellent liquidity with a current ratio of 19.54, indicating strong financial flexibility for such capital allocation decisions.
The share buyback initiative may be halted or terminated at any point at the company’s discretion. This announcement reflects the company’s ongoing strategy to manage its capital efficiently and deliver value to its shareholders.
World Acceptance Corporation, which trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ:WRLD), has not specified a deadline for the completion of the repurchase program. The company’s decision to implement the repurchase plan was formalized in a filing with the Securities and Exchange Commission (SEC) on February 12, 2025.
Investors and market observers often view share repurchase programs as a sign of the company’s confidence in its financial stability and future prospects. By reducing the number of shares outstanding, such programs can potentially increase earnings per share and, consequently, shareholder value.
This news is based on a press release statement from World Acceptance Corporation and is intended to provide shareholders and the public with key information regarding the company’s financial management decisions.
In other recent news, World Acceptance Corporation reported notable Q3 2025 earnings, outperforming analyst expectations. The company posted an earnings per share (EPS) of $2.45, significantly surpassing the forecasted $1.23. Moreover, it achieved a revenue of $138.6 million, exceeding the anticipated $136.67 million. The company’s portfolio also 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, World Acceptance’s strategic focus on smaller loans appears to be yielding positive results. Looking ahead, World Acceptance remains cautiously optimistic. The company anticipates continued improvements in yield and delinquency trends and expects steady portfolio growth into fiscal 2026. These are among the recent developments for World Acceptance Corporation.
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