How To Earn $500 A Month From Campbell Soup Stock Following Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Campbell Soup Co (CPB) reported Q1 FY24 sales of $2.52 billion, a 2% decline YoY but in line with expectations, and an adjusted EPS of $0.91, beating estimates by $0.03. The company reaffirmed its FY24 guidance. CPB offers a 3.42% annual dividend yield, equating to $1.48 per share annually. To earn $500 monthly from dividends, an investment of approximately $175,295 is needed, while $35,068 is required for $100 monthly. CPB shares rose 7.1% to close at $43.24 following the earnings report.
December 07, 2023 | 1:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Campbell Soup Co reported a slight sales decline but exceeded EPS estimates and confirmed FY24 guidance. The stock offers a solid dividend yield and experienced a significant price increase following the earnings announcement.
The positive earnings report and the reaffirmation of FY24 guidance are likely to instill investor confidence in CPB, potentially leading to a short-term positive impact on the stock price. The high dividend yield may attract income-focused investors, further supporting the stock price. The recent 7.1% increase in share price post-earnings indicates a strong market reaction to the news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100