Jabil Board Approved A Share Buyback Of Up To $1B
Portfolio Pulse from Benzinga Newsdesk
Jabil's Board of Directors has approved a share repurchase program of up to $1 billion. The buyback will be executed using various methods, including open market purchases, depending on market conditions.
September 26, 2024 | 11:37 am
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POSITIVE IMPACT
Jabil has announced a $1 billion share buyback program, which could positively impact its stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
Share buybacks often lead to a positive impact on stock prices as they reduce the number of shares outstanding, potentially increasing earnings per share (EPS). This can make the stock more attractive to investors. The $1 billion buyback is a significant amount, indicating strong confidence from the company in its financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100