Latest news with #share buyback
Yahoo
01-08-2025
- Business
- Yahoo
Western Digital Corporation (WDC) Releases Fourth-Quarter and Full-Year 2025 Results
With impressive year-to-date performance and significant hedge fund interest, Western Digital Corporation (NASDAQ:WDC) secures a spot on our list of the . Photo by Possessed Photography on Unsplash On July 30, 2025, Western Digital Corporation (NASDAQ:WDC) released its fourth-quarter and full-year 2025 results. The company's Q4 revenue increased 30% YoY to $2.61 billion. Meanwhile, full-year revenue increased 51%, reaching $9.52 billion. Meanwhile, Western Digital Corporation (NASDAQ:WDC) reported GAAP EPS of $0.67 and non-GAAP EPS of $1.66, generating operating cash flow and free cash flow of $746 million and $675 million, respectively, during the quarter. The company reported strong financial health at the end of the quarter. Leveraging its strong financial position, Western Digital Corporation (NASDAQ:WDC) reduced its debt by $2.6 billion and launched a $2 billion share buyback program. WDC also announced a $0.10 per share dividend. Looking ahead, the company expects a 22% growth YoY in its Q1 FY26 revenue, citing HDD demand and cloud momentum as key growth drivers. Western Digital Corporation (NASDAQ:WDC), headquartered in San Jose, offers data storage solutions, including HDDs, SSDs, and flash memory systems. It is included in our list of the unstoppable stocks. While we acknowledge the potential of WDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts. Disclosure: None. Sign in to access your portfolio
Yahoo
31-07-2025
- Business
- Yahoo
Piraeus Financial Holdings SA (BPIRF) Q2 2025 Earnings Call Highlights: Strong Profitability ...
Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Piraeus Financial Holdings SA (BPIRF) achieved a net profit of EUR 559 million in the first half of 2025, aligning with their earnings per share guidance. The company plans to distribute EUR 100 million to shareholders through a share buyback in Q4 2025, as part of a total EUR 500 million distribution from 2025 profits. Loan book expanded by 15% year-on-year, surpassing the end-2025 target, prompting an upgrade in full-year loan guidance to over EUR 36.5 billion. Assets under management increased by 27% year-on-year to EUR 13.2 billion, exceeding the 2025 target and leading to an upgraded target of above EUR 13.5 billion. The company maintains a strong capital position with a total capital ratio of 20.4%, providing a solid buffer above regulatory requirements. Negative Points Net interest income (NII) saw a decline, with a 1.5% decrease in Q2 compared to a 6% drop in Q1, reflecting ongoing pressure from interest rate cuts. The company's CET1 ratio guidance has been slightly reduced due to higher loan growth, indicating increased capital consumption. There are concerns about potential reclassification of mortgages with step-up arrangements, which could impact the NPE ratio. The acquisition of ethnic insurance is expected to lower the CET1 ratio to 13% post-transaction, pending regulatory approvals. The company faces potential costs related to re-profiling mortgages, with an estimated EUR 45 million post-modal adjustment on cost of risk. Q & A Highlights Warning! GuruFocus has detected 7 Warning Signs with BPIRF. Q: Given the strong loan growth year-to-date and resilient spreads, why hasn't Piraeus upgraded its full-year 2025 NII guidance? Is this due to conservatism or other factors? A: The CFO explained that the NII is trending well, with a minor drop between Q1 and Q2. The guidance of 1.9 billion stands due to accelerated rate cuts. However, they expect stability and potential upside in 2026 as they reach terminal rates with increased volumes. Q: Could you elaborate on the upside to the 2026 NII guidance and the rationale behind the timing of the buyback? A: The CFO mentioned that with terminal rates at 1.75% to 2%, and assuming steady volumes, there could be a 50 to 70 million upside in NII for 2026. The CEO added that the buyback is part of the 500 million distribution plan for 2025, aimed at benefiting shareholders earlier and positively impacting EPS. Q: How do you plan to split future distributions between cash buybacks and dividends, and what is the expected contribution from Ethniki Insurance? A: The CEO stated that distribution decisions will be made annually based on share price and tangible book value, maintaining a 50% payout ratio. The CFO added that Ethniki Insurance is on track for a 90 million contribution by 2027, with plans to integrate and enhance its business with Piraeus Bank. Q: Can you break down the drivers of loan growth and explain the hedging strategy for the securities portfolio? A: The CEO detailed that credit expansion is broad across sectors, with RRF contributing about 100 million per quarter. The CFO explained that bond book hedges have been reduced, making the NII more sensitive to rate cuts, while non-maturity deposit hedges are contributing positively. Q: Regarding the CHF mortgage issue, what discount is expected, and how confident are you in the post-modal adjustment? A: The CFO indicated that the expected discount ranges from 10% to 15%, with a 60% take-up assumed on a 500 million book. The initial post-modal adjustment covers this, and a second adjustment will address other re-profilings. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
31-07-2025
- Business
- Reuters
StanChart sets $1.3 billion buyback as first-half profit outstrips forecasts
HONG KONG/LONDON, July 31 (Reuters) - Standard Chartered (StanChart) (STAN.L), opens new tab reported on Thursday a higher-than-expected 26% jump in first-half pretax profit, as a strong performance in the wealth, markets and global banking businesses boosted revenue at the lender. Emerging markets-focused StanChart also announced a further $1.3 billion share buyback that it said would start imminently. The London-headquartered lender said the reported pretax profit for the first six months of this year hit $4.38 billion. That compared with $3.49 billion a year earlier and the $3.83 billion average of 15 analyst estimates compiled by the bank. Despite the strong results, StanChart kept its key performance targets largely unchanged, saying the global economy could suffer from the broader fallout of U.S. President Donald Trump's trade wars. The bank, which earns most of its revenue in Asia and Africa, slightly raised its guidance for income this year, saying it now expected growth to be at the bottom of a 5%-7% range rather than below it. StanChart's trading business, its second-biggest revenue driver, registered a 28% rise in operating income to $2.4 billion, propelled by buoyant client trading amid rising market volatility following the U.S.-initiated trade talks. Wealth management income shot up by 24% as efforts to boost fee revenue paid off with inflows and the number of new accounts rising due to demand for wealth advice amid the market volatility. The bank has said it will target $200 billion in new assets and double-digit growth in income from its wealth business over the next five years, as part of a wider strategy to shift to higher fee-earning businesses. It said 135,000 new affluent clients joined the bank in the first half of 2025, bringing in $28 billion of net new money. The lender also appeared to dodge the multi-billion dollar China-related write-downs which blighted rival HSBC's (HSBA.L), opens new tab results announced on Wednesday, with StanChart reporting an impairment charge for the first half of $336 million, mainly from its wealth and retail banking unit. The bank said its exposure to Hong Kong's troubled commercial real estate sector was $2.1 billion, less than 0.5% of its total book, with provisions rising $34 million in the second quarter of the year to $116 million. The lender, however, warned that cash constraints on borrowers could lead to more impairments.
Bloomberg
25-07-2025
- Business
- Bloomberg
Trafigura's Buyback Headache Grows Amid Fresh Wave of Exits
A fresh wave of senior executive departures is heaping pressure on Trafigura Group 's commitment to buy back its employees' shares, just as a profit boom shows signs of faltering. Trafigura has deferred about 30% of the buybacks that were scheduled for this year, according to people familiar with the matter. Among current and former Trafigura traders, many of whom have the majority of their wealth tied up in the company, conversations have turned to whether the commodity trading giant will delay part of next year's planned repurchases as well, the people said.
Bloomberg
24-07-2025
- Business
- Bloomberg
Reckitt Raises Outlook on Strong Sales, Announces Share Buyback
Reckitt Benckiser Group Plc expects higher revenue growth from its core brands this year, and kicked off a £1 billion ($1.4 billion) share buyback. The maker of Strepsils lozenges raised its guidance for like-for-like net revenue growth at its major brands to above 4%, according to a statement Thursday, higher than its previous forecast of as much as 4%.
