World Acceptance Co.

At World Acceptance’s annual meeting, 4,057,996 of 4,660,413 shares were represented; shareholders elected six directors for the next term and voted in a non-binding advisory vote to approve management compensation. RSM US LLP was confirmed as the independent auditor for the fiscal year ending March 31, 2027. The company reported adjusted EPS of $2.12 for Q1 of fiscal 2027, which substantially exceeded expectations, while revenue of $139.21 million slightly missed forecasts. The board also approved a share repurchase program of up to $50 million; management has previously bought back shares aggressively, and the balance sheet shows high liquidity with a current ratio of 10.38. » Más en de.investing.com

World Acceptance reported adjusted EPS of $2.12 for fiscal Q1, driven by 4.8% revenue growth, a 91-basis-point rise in yields, and a 13.4% decline in provision expense. Annualized net charge-offs fell to 18.2% from 19.2% a year earlier, with improvements in front-end and back-end delinquency. Management said it tightened underwriting about six months ago and has modestly loosened standards over the past month while remaining conservative; demand for loans remains robust. General and administrative costs rose modestly excluding one-time CEO transition items, and management says the company is well positioned for the rest of fiscal 2027. » Más en finance.yahoo.com

World Acceptance reported earnings per share of $7.70 for Q4 2026 (expectation $7.74) and revenue of $177.6 million (expectation $168.4 million). Loan volume increased 4.4% and revenue grew 7.4% from the prior quarter, while credit quality improved. The stock fell 7.36% to $153.25 after the announcement. For 2027 the company expects mid-single-digit loan growth and similar increases in interest, fee and insurance revenue. » Más en de.investing.com