ePlus Announces New Share Repurchase Plan; Increases Repurchases Of Up To 1.25M Shares Over 12-Month Term
Portfolio Pulse from Benzinga Newsdesk
ePlus Inc. has announced a new share repurchase plan, allowing the company to repurchase up to 1.25 million shares over the next 12 months.
May 22, 2024 | 8:07 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ePlus Inc. has announced a new share repurchase plan, allowing the company to repurchase up to 1.25 million shares over the next 12 months. This move is likely to positively impact the stock price in the short term as it signals confidence in the company's financial health and can reduce the number of shares outstanding, potentially increasing earnings per share.
Share repurchase plans are generally viewed positively by investors as they indicate the company's confidence in its own financial health. Additionally, buybacks can reduce the number of shares outstanding, which can increase earnings per share and potentially boost the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100