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Stock Market & Financial Investment News

News Breaks
June 2, 2014
16:11 EDTPRXLPAREXEL authorizes repurchase of up to $150M of common stock
PAREXEL International announced that its board of directors has approved a stock repurchase program authorizing the repurchase of up to $150M of the company's common stock. There is no set expiration date for the program. The company intends to use cash on hand, cash generated from operations, existing credit facilities or other financing to fund the share repurchase program. As of March 31, the company had cash and cash equivalents of approximately $299M and availability under an existing line of credit of $290M.
News For PRXL From The Last 14 Days
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June 25, 2015
07:49 EDTPRXLPAREXEL shares should be bought on weakness, says Wells Fargo
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June 24, 2015
07:26 EDTPRXLPAREXEL price target raised to $82 from $72 at UBS
UBS raised its price target on PAREXEL to $82 from $72 following the company's updated guidance. The firm sees gains from cost cutting, margin expansion and the growth of strategic partners. UBS reiterated its Buy rating on PAREXEL shares.
June 23, 2015
16:18 EDTPRXLPAREXEL maintains mid-point of prior FY15 EPS guidance at $2.74
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16:17 EDTPRXLPAREXEL to record $35M-$45M charge from restructuring
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16:13 EDTPRXLPAREXEL sees double digit growth in EPS for 2016
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16:11 EDTPRXLPAREXEL sees FY16 EPS $3.02-$3.38, consensus $3.24
Sees FY16 revenue $2.16B-$2.21B, consensus $2.2B.
16:10 EDTPRXLPAREXEL narrows FY15 EPS view to $2.70-$2.78 from $2.65-$2.83, consensus $2.75
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16:06 EDTPRXLPAREXEL sees Q4 EPS 70c-78c, consensus 75c
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