Laureate Education Plans New Stock Repurchase Program To Acquire Up To $100M Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Laureate Education has announced a new stock repurchase program to buy back up to $100 million of its common stock. The repurchases will be financed through free cash flow, excess cash, and liquidity, including available capacity under its Revolving Credit Facility.
September 13, 2024 | 10:01 am
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POSITIVE IMPACT
Laureate Education is initiating a stock repurchase program to buy back up to $100 million of its common stock, which could positively impact its stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
The stock repurchase program indicates confidence in the company's financial health and can lead to a higher stock price by reducing the supply of shares and increasing earnings per share. The use of free cash flow and liquidity suggests a strong financial position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100