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Why Ubiquiti Stock Surged 25.1% in September
Yahoo Finance· 2025-10-06 09:45
Key Points In fiscal Q4, Ubiquiti's year-over-year revenue surged 50% and its adjusted EPS soared 103%. The company also raised its quarterly dividend by 33% to $0.80 per share. And it initiated a new stock repurchase program that authorizes it to repurchase up to $500 million of its common stock. 10 stocks we like better than Ubiquiti › Shares of Ubiquiti (NYSE: UI), which makes wireless networking equipment and access points, jumped 25.1% in September, according to data from S&P Global Market I ...
Kirby Approves $8 Million Buyback Program: Will it Aid the Bottom Line?
ZACKS· 2025-09-25 20:26
Key Takeaways KEX has approved a stock repurchase authorization of up to an additional $8 million shares of common stock.Such shareholder-friendly moves boost investor confidence and positively impact the stock's bottom line.In 2024, Kirby generated $413.8 million in free cash flow compared with $138.5 million generated in 2023.In a shareholder-friendly move, Kirby Corporation’s (KEX) board of directors has announced a stock repurchase authorization of up to an additional $8 million shares of common stock. ...
Stingray Renews its Normal Course Issuer Bid
Globenewswire· 2025-09-24 22:00
MONTREAL, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY.A; RAY.B) (“Stingray”), an industry leader in music and video content distribution, business services, and adverstising solutions, today announced that the Toronto Stock Exchange (“TSX”) has approved the renewal of its normal course issuer bid (“NCIB”), authorizing Stingray to repurchase up to an aggregate 3,710,428 subordinate voting shares and variable subordinate voting shares (collectively, “Subordinate Shares”), representing app ...
Marvell Announces Additional $5 Billion Stock Repurchase Authorization and $1 Billion Accelerated Share Repurchase Program
Prnewswire· 2025-09-24 13:05
Accessibility StatementSkip Navigation $1 Billion ASR in Addition to $300 Million Repurchased in Current Quarter JP Morgan Fireside Chat with Marvell Chairman and CEO to be Livestreamed on September 24, 2025 at 10AM Pacific Time SANTA CLARA, Calif., Sept. 24, 2025 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that its Board of Directors has authorized a new $5 billion stock repurchase program. This new authorization builds ...
UMH PROPERTIES, INC. ANNOUNCES INCREASED STOCK REPURCHASE AUTHORIZATION TO $100 MILLION
Globenewswire· 2025-09-22 12:00
FREEHOLD, NJ, Sept. 22, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH; TASE: UMH), announced today that the Board of Directors has authorized the Company to repurchase up to $100 million of its outstanding common stock, an increase from the Board’s previous authorization of up to $25 million of common stock repurchases. The Board of Directors initially approved a share repurchase program in 2009 and, since that time, UMH has repurchased approximately 194,000 shares of common stock at a weighted a ...
This Top Bill Ackman Stock Has Been Hammered. Time to Buy?
Yahoo Finance· 2025-09-21 17:05
Group 1 - Chipotle Mexican Grill has been a significant investment for Bill Ackman since 2016, but recent performance has raised concerns among investors [1][2] - The company reported a 3% revenue increase to approximately $3.1 billion in Q2, driven by new restaurant openings, while comparable sales declined by 4% [4] - Management anticipates flat comparable sales for the full year but expects growth from 315 to 345 new store openings, with over 80% including a Chipotlane [5][6] Group 2 - Chipotle's comparable restaurant sales have turned negative this year due to slowed traffic, impacting margins [8] - The company has increased its share repurchase authorization by $500 million, bringing the total remaining capacity to about $750 million [7] - Shares are currently trading at a mid-30s price-to-earnings ratio, which is lower than a year ago, indicating a potential buying opportunity [8]
‘Time to Go Long on Bank Stocks’: Cantor Suggests 2 Names to Buy
Yahoo Finance· 2025-09-18 10:02
Group 1: Company Overview - Citizens Financial Group is a Rhode Island-based bank holding company with a history dating back to 1828, currently valued at $22 billion and known as the parent company of Citizens Bank [3] - As of June 30, Citizens Bank reported total assets of $220.1 billion, including $177.6 billion in deposits, operating through 1,000 branches and 3,100 ATMs across 14 states plus DC [2] Group 2: Financial Performance - In Q2 2025, Citizens reported a top line of $2.04 billion, a 4% year-over-year increase, beating forecasts by $30 million, with adjusted earnings of 92 cents per share, covering the dividend and exceeding estimates by 4 cents [6] - Flagstar Financial, previously known as New York Community Bancorp, reported Q2 2025 revenue of $496 million, down 26% year-over-year, with a net loss of 14 cents per share, marking an improvement from a $1.05 EPS loss in the same quarter last year [10][11] Group 3: Capital Return and Dividends - Citizens has a regular stock repurchase program, buying back $200 million worth of shares in both Q1 and Q2 of this year, and declared a dividend payment of 42 cents per common share, annualizing to $1.68 per share with a forward yield of 3.24% [1][6] Group 4: Analyst Insights - Cantor analyst Dave Rochester believes bank stocks should be included in investment portfolios, citing lower interest rates and a healthy economic backdrop as positive factors for credit trends [4] - Rochester projects EPS growth for Citizens of 17.2% in FY25, 38.1% in FY26, and 22.3% in FY27, with a price target of $61, indicating a potential one-year gain of 19% [7] - For Flagstar Financial, Rochester has an Overweight rating with a price target of $15, suggesting a 24% gain, while the stock currently trades at $12.10 with an average target price of $13.70, implying a 13% appreciation [11][12]
Regional Health Properties, Inc. Completes Repurchases of 12.5% Series B Cumulative Redeemable Preferred Shares
Globenewswire· 2025-09-17 20:08
Core Viewpoint - Regional Health Properties, Inc. has completed the repurchase of 366,359 shares of its 12.5% Series B Cumulative Redeemable Preferred shares, utilizing excess cash from a recent merger with SunLink Health Systems [1][2]. Group 1: Share Repurchase Details - The company repurchased 366,359 shares through three privately negotiated transactions [1]. - After the repurchase, there are 1,885,913 shares of Series B Preferred remaining outstanding [2]. Group 2: Merger Impact - The merger with SunLink Health Systems is described as a transformative step for Regional Health Properties [2]. - A portion of the excess cash obtained from the merger is being used to repurchase Series B Preferred shares at a significant discount to the liquidation preference [2]. Group 3: Company Overview - Regional Health Properties, Inc. is a self-managed healthcare real estate investment company based in Atlanta, Georgia, focusing on real estate for senior living and long-term care [3].
FB Financial Corporation Announces $150 Million Common Stock Repurchase Authorization
Businesswire· 2025-09-15 20:15
Core Viewpoint - FB Financial Corporation has authorized a stock repurchase program of up to $150 million, reflecting the company's financial strength and strategic positioning [1]. Summary by Relevant Sections - **Stock Repurchase Authorization** - The Board of Directors has approved a repurchase of up to $150 million of the company's outstanding common stock [1]. - This repurchase authorization will remain effective until January 31, 2027, replacing the previous authorization set to expire on January 31, 2026 [1]. - **Financial Strength** - The decision to authorize the repurchase is indicative of the company's robust financial position and strategic intent [1].
ETHZilla Announces Initial ETH Yield Allocation & Additional Stock Repurchases
Prnewswire· 2025-09-15 12:01
Core Points - ETHZilla Corporation repurchased approximately 6.0 million shares at an average price of $2.50 per share this month [1] - The company now holds a total of 102,255 Ether (ETH) and ETH equivalents, with an average acquisition price of $3,948.72, valued at approximately $460 million [1]