From Nasdaq:

Stock buybacks are often used by companies to boost shareholder value. This involves the company repurchasing its own shares. Meta Platforms, American Eagle Outfitters, and HCA Healthcare have unveiled new repurchase programs. Meta’s quarterly results were strong, with a 10% beat in EPS estimates and 3% higher sales. The company also authorized $50 billion in share buybacks and introduced its first-ever dividend.

American Eagle Outfitters also authorized a 30 million share buyback program. It’s expected to see a 45% earnings improvement and a 5% sales increase this fiscal year. The stock looks attractive, with a favorable operating environment and a valuation multiple below the industry average.

HCA Healthcare authorized a new $3 billion share repurchase program. The company has seen positive earnings estimate revisions and offers a 0.8% dividend yield. Share buybacks are a way for companies to amplify shareholder value. Recently, Meta Platforms, American Eagle Outfitters, and HCA Healthcare have all announced new or additional buyback programs.

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Read more: Buyback Bonanza: 3 Buy-Rated Companies Scooping Up Shares