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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]
Share buyback programme – week 21
Globenewswire· 2025-05-26 09:16
Core Viewpoint - The company has initiated a share buyback program, which will run from January 28, 2025, to May 28, 2025, with a total budget of up to DKK 500 million for repurchasing shares, limited to a maximum of 800,000 shares [1]. Summary by Sections Share Buyback Program Details - The share buyback program is compliant with EU regulations, specifically EU Commission Regulation No. 596/2014 and EU Commission Delegated Regulation No. 2016/1052, which provide a "Safe Harbour" for such transactions [2]. - As of the latest announcement, a total of 381,300 shares were repurchased at an average price of DKK 1,195.36, totaling DKK 455,791,199 [2]. - Additional transactions include: - May 19, 2025: 5,200 shares at DKK 1,340.75, totaling DKK 6,971,900 - May 20, 2025: 5,000 shares at DKK 1,352.38, totaling DKK 6,761,900 - May 21, 2025: 4,500 shares at DKK 1,350.93, totaling DKK 6,079,185 - May 22, 2025: 4,500 shares at DKK 1,338.60, totaling DKK 6,023,700 - May 23, 2025: 4,300 shares at DKK 1,341.90, totaling DKK 5,770,170 - Cumulatively, 404,800 shares have been repurchased under the program, representing 1.59% of the bank's share capital, with an average purchase price of DKK 1,204.05 and a total expenditure of DKK 487,398,054 [2]. Transaction Details - Detailed transaction records for the reporting days are provided, including volumes, prices, venues, and timestamps, indicating a structured approach to the buyback process [3][4][5][6][7][8][9][10].
Is Unum Group Stock Worth Buying Post its Recent Dividend Hike
ZACKS· 2025-05-23 18:58
Core Viewpoint - Unum Group has approved a 10% increase in its dividend, making it an attractive option for yield-seeking investors due to its higher dividend yield compared to the industry average [1][2]. Group 1: Dividend and Capital Deployment - The recent dividend hike marks the 16th increase in the last 15 years, with a 10-year CAGR of 10.8% [2]. - The company estimates a dividend payout of $300-$330 million in 2025 [2]. - Unum Group has a strong capital and liquidity position, supported by cash flow generation, which instills confidence in its capital deployment strategy [2][4]. Group 2: Share Buybacks - Unum Group has been actively buying back shares, with a $200 million repurchase in Q1 2025 and plans for at least the same amount in Q2 [3]. - A $1 billion buyback program was approved, starting on April 1, 2025, with expectations to buy back $0.5-$1 billion in shares throughout 2025 [3]. Group 3: Operational Performance - Unum Group is the leading disability income writer and the second-largest writer of voluntary business in the U.S., demonstrating strong operating performance across key insurance segments [5]. - The two primary divisions, Unum U.S. and Colonial Life, have shown ongoing growth in operating income, driven by disciplined sales efforts and increasing premium income [6]. Group 4: Growth Projections - The company forecasts high-single-digit sales growth and 4% to 7% premium growth over the long term, with earnings growth expected between 6% and 10% for 2025 [7]. - Unum Group maintains a robust capital position, with a return on equity of 14.2%, although it lags behind the industry average of 15.5% [7]. Group 5: Stock Performance and Valuation - Shares of Unum Group have gained 6.5%, outperforming the industry growth of 2% and the sector's return of 3.9% [8]. - The current price-to-book multiple is 1.24, above its five-year median of 0.87, indicating that the shares are relatively expensive [9]. - Compared to other insurers like Prudential Financial Inc and Lincoln National Corporation, Unum Group shares are also considered expensive [10]. Group 6: Analyst Sentiment - The Zacks average price target for Unum Group is $92.36 per share, suggesting a potential 16% upside from the last closing price [12]. - However, the consensus estimates for 2025 and 2026 earnings have seen slight declines of 0.7% and 0.6%, reflecting analysts' muted sentiment [12].
Kvika banki hf.: Notification regarding execution of buyback programme
Globenewswire· 2025-05-22 17:31
Group 1 - Kvika banki hf. shareholders approved a buyback program allowing the board to repurchase up to 10% of issued shares [1] - The board decided to initiate a buyback program with a total consideration of ISK 5,000,000,000, targeting a maximum of 400,000,000 shares [2] - The first tranche of the buyback program concluded on 12 May 2025, with Kvika acquiring 163,590,409 shares for ISK 2,500,000,000 [2] Group 2 - Arion banki hf. will oversee the execution of the buyback program, making independent decisions regarding share acquisitions [3] - The buyback program must comply with Icelandic laws and European regulations on market abuse and buyback programs [3] - The program is designed to ensure transparency in transactions involving the bank's own shares [3] Group 3 - Daily purchases in the buyback program are limited to 6,893,138 shares, with the maximum purchase price based on the last independent transaction or highest existing bid on Nasdaq Iceland [4] - The buyback program is set to commence on 26 May 2025 and will remain in effect until the annual general meeting in 2026 or until ISK 2,500,000,000 is fully utilized, or 236,409,591 shares are repurchased, whichever occurs first [4] Group 4 - Trading in own shares under the buyback program will be reported in accordance with applicable laws and regulations [5]
RDN Boosts Shareholder Value, Okays Buyback Program Worth $750M
ZACKS· 2025-05-22 13:40
Core Viewpoint - Radian Group Inc. has authorized a new $750 million share buyback program, reflecting confidence in its financial strength and capital flexibility, while also increasing its quarterly dividend by 4.1% [1][4][3]. Group 1: Share Buyback Program - The board of directors has approved a new share repurchase program of $750 million, which will expire on December 31, 2027, bringing the total repurchase authority to approximately $863 million [1][2]. - Since 2020, Radian Group has repurchased 74 million shares for $1.8 billion, representing over 36% of shares outstanding as of January 1, 2020 [2][3]. - As of March 31, 2025, Radian repurchased shares for $207 million, with $336 million remaining under the current program [3]. Group 2: Dividend Increase - The board has approved a quarterly dividend of 25.5 cents per share, to be paid on June 17, 2025, to stockholders of record as of June 2 [4]. - This marks the sixth consecutive year of dividend increases, with the dividend more than doubling over the past five years and a six-year CAGR of 13% [4]. - Radian's current dividend yield stands at 3.1%, surpassing the industry average of 2.5%, making it attractive for yield-seeking investors [4]. Group 3: Financial Position and Growth - Radian Group maintains a solid balance sheet with sufficient liquidity and strong cash flows, enabling effective capital deployment through share repurchases and dividend hikes [3][5]. - The company is well-positioned to return capital to stockholders while pursuing growth initiatives and delivering innovative products and services [5]. - An improving mortgage insurance portfolio, declining claims, and a solid capital position are expected to contribute to impressive results for the insurer [5]. Group 4: Stock Performance - Radian's stock has gained 4.3% year-to-date, underperforming the industry and sector returns of 5.7%, but outperforming the Zacks S&P 500 composite growth of 0.2% [6][8].
Share Buyback Transaction Details May 15 – May 21, 2025
Globenewswire· 2025-05-22 08:00
Core Insights - Wolters Kluwer has repurchased 211,173 ordinary shares for €33.7 million at an average price of €159.50 from May 15 to May 21, 2025, as part of a larger buyback program aimed at repurchasing up to €1 billion in shares during 2025 [2][3]. Share Buyback Program Details - The cumulative shares repurchased in 2025 to date amount to 2,298,595, with a total consideration of €355.9 million and an average share price of €154.85 [3]. - For the period from May 8, 2025, to July 28, 2025, the company has engaged third parties to execute €350 million of buybacks [3]. Treasury Shares and Capital Reduction - Shares repurchased will be held as treasury shares and are intended for capital reduction through share cancellation [4]. Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion for 2024 and operates in over 180 countries with approximately 21,600 employees [6]. - The company is headquartered in Alphen aan den Rijn, Netherlands, and is a leader in information solutions and software for various professional sectors [5].
NKT initiates share buyback to meet obligations for share-based incentive programmes for employees
Globenewswire· 2025-05-21 14:52
Core Viewpoint - NKT A/S has initiated a share buyback program to fulfill obligations related to its employee share-based incentive programs, with a maximum repurchase of 268,949 shares, representing 0.50% of its current share capital [1][2][4]. Share Buyback Program - The share buyback program is authorized by the Board of Directors and is valid until March 31, 2026, allowing the company to repurchase shares up to a nominal value of 10% of its share capital [1][4]. - The program will run from May 22, 2025, to no later than June 20, 2025, with a maximum expenditure of DKK 175 million [4][7]. - NKT A/S has appointed Nordea Denmark as the lead manager for the share buyback, ensuring independent trading decisions [7]. Employee Share Program - NKT A/S confirmed the launch of an employee share program in June 2025, which is the basis for the share buyback initiative [3].