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oOh media Ltd ( (AU:OML) ) has shared an announcement.
oOh!media Limited, the ASX-listed out-of-home advertising group, continues to operate an on-market share buy-back for its ordinary fully paid shares. The company is using this program as a capital management tool, gradually reducing its share count while signaling confidence in its balance sheet and future prospects.
oOh!media reported that a total of 4,665,717 shares had been repurchased before the most recent trading day, with a further 337,859 shares bought back on the previous day. The ongoing daily buy-back activity may provide incremental support to the share price and modestly enhance earnings per share for existing investors over time through a reduced share base.
The most recent analyst rating on (AU:OML) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on oOh media Ltd stock, see the AU:OML Stock Forecast page.
More about oOh media Ltd
oOh!media Limited is an Australian out-of-home media company listed on the ASX under the code OML. It operates primarily in outdoor advertising, offering billboard and other display media solutions to advertisers across multiple formats and locations.
Average Trading Volume: 1,365,366
Technical Sentiment Signal: Sell
Current Market Cap: A$501.1M
Find detailed analytics on OML stock on TipRanks’ Stock Analysis page.