Prestige Consumer Healthcare On May 6 Authorized Repurchase Of Up To $300M
Portfolio Pulse from Benzinga Newsdesk
Prestige Consumer Healthcare has authorized a repurchase program of up to $300M of its shares, effective May 6.
May 14, 2024 | 9:03 pm
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Prestige Consumer Healthcare's new $300M share repurchase program could signal confidence from management in the company's financial health and future prospects, potentially leading to a positive short-term impact on its stock price.
Share repurchase programs often lead to an increase in stock price as they can indicate that the company believes its stock is undervalued. It also improves earnings per share (EPS) by reducing the number of shares outstanding, which can make the stock more attractive to investors.
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