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Why Genmab Stock Smashed It on Monday
The Motley Fool· 2025-06-02 22:49
Core Viewpoint - Genmab's stock saw a nearly 4% increase following positive clinical trial results for its drug Rina-S, aimed at treating advanced uterine cancer, and an update on its share buyback program [1][2][5] Group 1: Clinical Trial Results - Genmab announced phase 1/2 clinical trial results for Rina-S, showing a confirmed objective response rate of 50% in patients with advanced uterine cancer who had prior treatments [2] - Study investigator Ira Winer highlighted the encouraging data from the trial, supporting further development of Rina-S as a potential therapy for advanced and recurrent endometrial cancer [4] Group 2: Share Buyback Program - Genmab updated investors on its share buyback program, which allows for the repurchase of up to 2.2 million shares by July 10, 2023, with nearly 2.08 million shares already bought for over 2.7 billion Danish kronor (approximately $411 million) [5] Group 3: Future Outlook - The combination of positive clinical trial results and the aggressive share buyback indicates that Genmab is confident in its development pipeline and future prospects [6][7]
SANOMA CORPORATION: ACQUISITION OF OWN SHARES 02 June 2025
Globenewswire· 2025-06-02 15:30
Group 1 - Sanoma Corporation executed a share buyback on June 2, 2025, acquiring 6,000 shares at an average price of €9.47 per share, totaling a cost of €56,820 [1] - The company now holds a total of 788,988 of its own shares following this acquisition [2] - Sanoma's net sales for 2024 were approximately €1.3 billion, with an operational EBIT margin excluding PPA of 13.4% [4] Group 2 - Sanoma is committed to sustainability, aligning its strategy with the UN Sustainable Development Goals and the UN Global Compact [2] - The company offers a range of learning products and services aimed at enhancing educational outcomes for children [3] - Sanoma operates across Europe with a workforce of nearly 5,000 professionals [4]
JDE Peet’s share buyback periodic update June 2, 2025
Globenewswire· 2025-06-02 12:00
Group 1 - JDE Peet's has repurchased 21,765 shares from May 26, 2025, to May 30, 2025, at an average price of EUR 23.41 per share, totaling EUR 0.5 million [1] - The total number of shares repurchased under the buyback program to date is 3,668,535 ordinary shares for a total consideration of EUR 68.6 million [2] - The share buyback program is part of a larger EUR 250 million initiative announced on March 3, 2025 [1][2] Group 2 - JDE Peet's is the world's leading pure-play coffee and tea company, serving approximately 4,400 cups of coffee or tea per second [3] - The company operates in over 100 markets with a portfolio of over 50 brands, including L'OR, Peet's, Jacobs, and Douwe Egberts [3] - In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed more than 21,000 employees globally [3]
Iba – Acquisition of Own Shares - Completion of the Share Buyback Program
Globenewswire· 2025-05-30 18:30
Group 1 - IBA has initiated a share buyback program to repurchase up to 650,000 ordinary shares to fulfill obligations under long-term incentive plans for management and certain personnel [2][3] - The company repurchased a total of 16,651 shares between May 27 and May 28, 2025, at an average price of €12.19 per share, totaling €203,014.21 [3] - The total number of treasury shares held by IBA amounts to 1,015,552, representing 3.35% of total issued shares, which are 30,282,218 [3] Group 2 - IBA is a leader in particle accelerator technology, specializing in proton therapy, industrial sterilization, radiopharmaceuticals, and dosimetry [4] - The company is based in Louvain-la-Neuve, Belgium, and employs approximately 2,100 people globally [4] - IBA is listed on the pan-European stock exchange EURONEXT [5]
3 Reasons Wix Could Rally 50% Into the Summer
MarketBeat· 2025-05-28 11:23
Core Viewpoint - Wix.com Ltd experienced a significant stock pullback of 16% following an earnings report that missed expectations on earnings but exceeded revenue forecasts, leading to a weaker-than-expected guidance for the upcoming quarter [1][2]. Group 1: Earnings and Guidance - The stock started trading just above $150 but fell after the earnings report, despite a revenue beat [1]. - Analysts noted that the softer Q2 guidance is likely more about conservatism than actual deterioration in business fundamentals [4]. - First-quarter revenue growth was reported at 13%, surpassing guidance by 60 basis points, with notable growth in the Partners segment at 24% year-over-year [3]. Group 2: Analyst Sentiment and Price Targets - Analysts are maintaining or becoming more bullish on Wix, with firms like RBC Capital Markets and Cantor Fitzgerald reiterating Buy or Outperform ratings [2]. - JMP Securities set a target price of $250, indicating a potential upside of approximately 65% from current levels [3]. - The average 12-month stock price forecast is $226.16, suggesting a 48.63% upside from the current price of $152.16 [7]. Group 3: Business Momentum and Buyback Program - The recent pullback is viewed as an attractive entry point for investors, with the company reaffirming its full-year 2025 guidance for bookings growth between 11% and 13% [5]. - New user cohort bookings increased by 12% year-over-year, attributed to a rise in users and improved product fundamentals [6]. - Wix announced an expansion of its share buyback program, signaling management's belief that the stock is undervalued [8][9]. Group 4: Future Outlook - Despite the recent earnings miss, Wix continues to show strong execution with growing revenue, accelerating bookings, and improving user engagement [11]. - The upcoming summer season and returning investor interest in high-quality tech stocks may provide a favorable environment for Wix to recover and potentially reach analyst-targeted price ranges of $230 to $250 [12].
Credit Agricole Sa: 2025 CAPITAL INCREASE RESERVED FOR EMPLOYEES OF THE CRÉDIT AGRICOLE GROUP
Globenewswire· 2025-05-28 06:00
Core Points - Crédit Agricole S.A. is launching its annual capital increase reserved for employees globally [1] - The capital increase will allow 190,000 eligible employees and retired former employees to subscribe to new shares at a discounted price [2] - The subscription price will be set at the arithmetic mean of opening share prices from May 26 to June 20, 2025, with a 20% discount [2] - The subscription period is from June 24 to July 8, 2025 [2] - New shares will be issued on August 28, 2025, and will be eligible for dividends for the 2025 financial year [3] - A maximum of 32 million shares will be issued, with a par value of €96 million [3] - Following the capital increase, a share buyback operation will be conducted to mitigate dilution, pending ECB approval [3] - This initiative is part of the Group's employee profit-sharing policy related to financial performance [3]
Share buyback program of up to USD 1.2 billion
GlobeNewswire News Room· 2025-05-27 21:59
Group 1 - Tenaris S.A. announced a share buyback program of up to $1.2 billion, representing approximately 74 million shares or 6.9% of its outstanding shares [1] - The buyback program is driven by significant cash flow generation and a strong balance sheet, with a maximum limit of 10% of the company's shares [2] - The program is expected to launch in June 2025 and will be executed through a primary financial institution [2] Group 2 - The buybacks may be paused or ceased at any time, subject to compliance with applicable laws and regulations [3] - Updates on the buyback program will be provided via press releases and on the Investors section of Tenaris's corporate website [3] - The buybacks will be conducted in compliance with the Market Abuse Regulation and other relevant regulations [3] Group 3 - Tenaris is a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [5]
Dick's Sporting Goods Q1 Preview: All Eyes On Foot Locker Deal, Tariff Impact
Benzinga· 2025-05-27 17:11
Core Viewpoint - Dick's Sporting Goods is expected to provide more details regarding its acquisition of Foot Locker, Inc. during the upcoming first-quarter financial results announcement, with analysts closely monitoring the implications of this deal [1]. Earnings Estimates - Analysts anticipate Dick's Sporting Goods will report first-quarter revenue of $3.59 billion, an increase from $3.02 billion in the same quarter last year [1]. - The expected earnings per share for the first quarter is $4.34, up from $3.30 in the previous year [2]. Analyst Sentiment - Following the acquisition announcement, analysts have lowered their price targets for Dick's Sporting Goods stock, with Telsey analyst Joseph Feldman reducing the target from $250 to $220 while maintaining an Outperform rating [3]. - There is skepticism among investors regarding the acquisition, particularly due to Foot Locker's reliance on Nike, which constitutes approximately 60% of its sales [4]. Key Items to Watch - Analysts and investors will be focused on the impact of tariffs on Dick's Sporting Goods, as the company is expected to address this in its financial results [5][6]. - The company has initiated a five-year share buyback program of up to $3 billion, which could help alleviate concerns stemming from the acquisition and tariffs [7]. - Dick's Sporting Goods is also increasing its interest in trading cards, highlighted by a recent auction win for a rare baseball card valued at $1.1 million [7]. Stock Performance - As of the latest trading session, Dick's Sporting Goods stock rose by 3.92% to $173.81, with a year-to-date decline of approximately 24% [8].
ASM share buyback update May 19 – 23, 2025
Globenewswire· 2025-05-26 15:45
Group 1 - ASM International N.V. has conducted share repurchases totaling 23,754 shares at an average price of €475.52, amounting to a total repurchased value of €11,295,546 [1][2] - The share buyback program, which commenced on April 30, 2025, has a total budget of €150 million, with 18.2% of the program completed to date [2] - ASM International specializes in designing and manufacturing equipment and process solutions for semiconductor device production, with operations in the United States, Europe, and Asia [2]
JDE Peet’s share buyback periodic update May 26, 2025
Globenewswire· 2025-05-26 12:00
Core Points - JDE Peet's has repurchased 24,108 shares from May 19 to May 23, 2025, at an average price of EUR 22.94 per share, totaling EUR 0.6 million [1] - The total number of shares repurchased under the EUR 250 million buyback program announced on March 3, 2025, is 3,646,770 ordinary shares for a total consideration of EUR 68.1 million [2] - JDE Peet's is the world's leading pure-play coffee and tea company, serving approximately 4,400 cups of coffee or tea per second, with a portfolio of over 50 brands [3] - In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed more than 21,000 employees globally [3]