How To Earn $500 A Month From Steelcase Stock Ahead Of Q1 Earnings Report
Portfolio Pulse from Avi Kapoor
Steelcase Inc. (NYSE:SCS) is set to release its Q1 earnings report, with analysts expecting an EPS of 10 cents and revenue of $729.13 million. Benchmark analyst Reuben Garner upgraded Steelcase to Buy with a $17 price target. The company offers a 3.23% annual dividend yield, translating to 10 cents per share quarterly. Investors need around $186,000 in Steelcase stock to earn $500 monthly from dividends.
June 17, 2024 | 12:31 pm
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Steelcase is expected to report Q1 earnings with an EPS of 10 cents and revenue of $729.13 million. Analyst Reuben Garner upgraded the stock to Buy with a $17 price target. The company offers a 3.23% annual dividend yield.
The upcoming earnings report and the analyst upgrade to Buy with a $17 price target are likely to positively impact Steelcase's stock price in the short term. Additionally, the attractive dividend yield may draw income-focused investors.
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