Switch to:
Oil-Dri Corp of America (NYSE:ODC)
3-Year Average Buyback Ratio
-0.70 (As of Apr. 2016)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

ODC' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -8.4   Max: 9.8
Current: -0.7

-8.4
9.8

During the past 13 years, Oil-Dri Corp of America's highest 3-Year Average Share Buyback Ratio was 9.80. The lowest was -8.40. And the median was -0.40.

ODC's 3-Year Average Buyback Ratio is ranked higher than
60% of the 466 Companies
in the Global Specialty Chemicals industry.

( Industry Median: -1.70 vs. ODC: -0.70 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK