American Outdoor Brands Board Approves Repurchase Of Up To $10M Of Common Stock Commencing On October 1, 2024, And Ending On September 30, 2025
Portfolio Pulse from Benzinga Newsdesk
American Outdoor Brands has announced a stock repurchase program, authorizing the buyback of up to $10 million of its common stock from October 1, 2024, to September 30, 2025.
September 25, 2024 | 8:06 pm
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American Outdoor Brands has approved a stock repurchase program of up to $10 million, which will commence on October 1, 2024, and end on September 30, 2025. This move is likely to positively impact the stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
The announcement of a stock repurchase program typically signals management's confidence in the company's future prospects and can lead to a positive impact on the stock price. By reducing the number of shares outstanding, the buyback can increase earnings per share, making the stock more attractive to investors.
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