Netflix, GE Aerospace, and Citigroup have all announced large share buyback programs, signaling confidence in their future prospects and indicating strong shareholder returns.
As the first earnings cycle of 2025 kicks off, a notable trend is emerging: companies are announcing substantial share buyback authorizations. Among these announcements, three prominent U.S. stocks stand out, each having delivered impressive Q4 2024 earnings results. Netflix, GE Aerospace, and Citigroup have all unveiled significant buyback programs, signaling confidence in their future prospects.
Netflix, the streaming giant, announced a sizable share buyback authorization of $15 billion, bringing its total buyback authority to $17.1 billion. This represents 4.2% of the company's market capitalization. While this recent program is substantially larger than the $10 billion announced in Q3 2023, it's proportionally smaller. Despite a significant share price increase of over 184% since 2023, Netflix's continued buybacks suggest that management sees further upside potential. Encouraging factors include recent subscription price hikes, low churn rates, promising live sports opportunities, and growth in ad revenue. GE Aerospace, formerly known as General Electric, also announced a $6 billion buyback program following its blowout earnings. The company exceeded expectations for both sales and adjusted earnings per share, with revenue increasing by 16%, total orders surging by 46%, and adjusted EPS more than doubling from Q4 2023. Adding to the shareholder returns, GE Aerospace announced a 30% increase in its dividend, boosting annual payments from $1.12 to $1.46 per share. While this still yields only 0.7%, it's a substantial increase and brings the company closer to the S&P 500's 1.2% dividend yield. Citigroup, another banking giant, unveiled a $20 billion buyback authorization, following the return of $7 billion to shareholders in 2024. This represents a sizable 13% of the company's market capitalization, marking a potential shift from its historically low buyback activity
SHARE BUYBACKS NETFLIX GE AEROSPACE CITIGROUP EARNINGS INVESTMENTS STOCK MARKET
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