Future (LON:FUTR) to Buyback 0 Outstanding Shares

Future (LON:FUTR) announced that its board has initiated a stock buyback program on Thursday, December 4th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Future Trading Up 7.0%

LON:FUTR traded up GBX 42.23 during trading hours on Thursday, reaching GBX 641.73. 1,785,464 shares of the stock were exchanged, compared to its average volume of 934,212. Future has a twelve month low of GBX 569 and a twelve month high of GBX 1,136.89. The business has a 50-day moving average of GBX 625.99 and a two-hundred day moving average of GBX 687.01. The company has a market capitalization of £624.95 million, a price-to-earnings ratio of 8.47, a PEG ratio of 0.64 and a beta of 1.01. The company has a quick ratio of 0.60, a current ratio of 0.69 and a debt-to-equity ratio of 31.50.

Future (LON:FUTR) last issued its quarterly earnings results on Thursday, December 4th. The company reported GBX 124.20 earnings per share (EPS) for the quarter. Future had a net margin of 11.69% and a return on equity of 8.41%. On average, equities analysts predict that Future will post 116.6270784 EPS for the current year.

About Future

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Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams