How To Earn $500 A Month From Costco Stock Ahead Of Q4 Earnings
Portfolio Pulse from Avi Kapoor
Costco Wholesale Corporation (NASDAQ:COST) is set to release its Q4 earnings, with expectations of $5.08 per share, up from $4.86 last year. Revenue is projected at $79.97 billion. Truist Securities downgraded Costco from Buy to Hold, maintaining a price target of $873. Costco's dividend yield is 0.51%, translating to a quarterly dividend of $1.16 per share. To earn $500 monthly from dividends, an investor would need approximately 1,293 shares, equating to $1,174,587. The stock closed at $908.42, up 0.8%.
September 26, 2024 | 12:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Costco is expected to report Q4 earnings of $5.08 per share, with revenue of $79.97 billion. Truist Securities downgraded the stock to Hold, maintaining a price target of $873. The dividend yield is 0.51%, with a quarterly dividend of $1.16 per share. The stock closed at $908.42, up 0.8%.
The expected increase in earnings per share and revenue suggests positive performance, which could boost investor confidence. However, the downgrade by Truist Securities may temper enthusiasm. The dividend yield remains low, but the stock's recent price increase indicates positive market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100