Ryder Plans New Discretionary Share Repurchase Program For Up To 2M Shares Of Common Stock From October 9, 2024 Through October 9, 2026
Portfolio Pulse from Benzinga Newsdesk
Ryder System, Inc. has announced a new discretionary share repurchase program, allowing the company to buy back up to 2 million shares of its common stock from October 9, 2024, through October 9, 2026.
October 15, 2024 | 10:56 am
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Ryder System, Inc. has announced a new share repurchase program, which could positively impact its stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
The announcement of a share repurchase program often leads to a positive impact on the stock price as it reduces the number of shares outstanding, potentially increasing earnings per share and signaling management's confidence in the company's future. This program is significant as it involves up to 2 million shares, indicating a substantial commitment by Ryder.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100