World Acceptance: Fiscal Q4 Earnings Snapshot
May 6, 2021
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GREENVILLE, S.C. (AP) World Acceptance Corp. (WRLD) on Thursday reported fiscal fourth-quarter net income of $44.9 million.
On a per-share basis, the Greenville, South Carolina-based company said it had net income of $6.96.
The subprime consumer lender posted revenue of $146.3 million in the period.
World Acceptance shares have risen 30% since the beginning of the year. The stock has more than doubled in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WRLD at https://www.zacks.com/ap/WRLD
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The scholarship will be available for accepted students enrolling in the school’s full-time, 12-week web development course this summer.
CEO Chad Prashad said the company is committed to “removing barriers for people who are working to better themselves and their communities,” according to a news release. Finalists will interview with the technical team at World Acceptance as part of the selection process. Applications for the course were due April 16.
“We believe in supporting local educational institutions like Carolina Code School, which offers a much-needed pathway to employment in technology for students from all backgrounds,” Prashad said in the release.
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The DOJ’s Fraud Section 2020 Annual Review: Financial Enforcement Focused on Major Corporate Resolutions and Emerging COVID-19 Fraud Friday, March 12, 2021
On February 24, 2020, the DOJ’s Criminal Division Fraud Section published its annual year-end summary (available here). This post addresses white-collar and financial fraud enforcement activity by two Units of the DOJ’s Fraud Section: the Market Integrity and Major Frauds (MIMF) Unit and the Foreign Corrupt Practices Act (FCPA) Unit. Our previous post discussed health care enforcement by the Fraud Section’s Health Care Fraud Unit (available here).
For the MIMF Unit, COVID-19 fraud became an unexpected enforcement priority. And, even despite the pandemic, both the MIMF Unit and FCPA Unit obtained large corporate resolutions in 2020. Many of these resolutions share a common theme: the Fraud Section’s emphasis on corporate compliance.
Company s 52-week low was at $43.16
Price action over last quarter: Up 19.13%
Company Description
World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals.
Operator
Good morning, and welcome to the World Acceptance Corporation- sponsored Third Quarter Press Release Conference Call. This call is being recorded. [Operator Instructions].
Before we begin, the Corporation has requested that I make the following announcement. The comments made during this conference may contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that represents the Corporation s expectations and beliefs concerning future events. Such forward-looking statements are about matters that are inherently subject to risks and uncertainties. Statements other than those of historical facts, as well as those identified by the words, anticipate, estimate, intend, plan, expect, believe, may, will and should and any variation of the foregoing and similar expressions are forward-looking statements.