Nisun International Announces $15M Share Repurchase Program Of Its Outstanding Class A Common Shares Over The Next 12 Months
Portfolio Pulse from Benzinga Newsdesk
Nisun International (NASDAQ:NISN) has announced a $15 million share repurchase program for its Class A common shares over the next 12 months. This move is expected to enhance shareholder value by increasing earnings per share.
October 09, 2024 | 1:31 pm
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Nisun International has initiated a $15 million share repurchase program, indicating confidence in its business outlook. This move is expected to enhance shareholder value by reducing the number of shares outstanding and increasing EPS.
The share repurchase program is a positive signal to investors, as it indicates the company's confidence in its future performance. By reducing the number of shares outstanding, the EPS is likely to increase, which can lead to a higher stock price. The use of cash on hand and profits for the buyback further underscores the company's strong financial position.
CONFIDENCE 90
IMPORTANCE 80
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