How To Earn $500 A Month From Nucor Stock Ahead Of Q3 Earnings
Portfolio Pulse from Avi Kapoor
Nucor Corporation (NYSE:NUE) is set to release its Q3 earnings on Oct. 21, with expected earnings of $1.47 per share, down from $4.57 last year. Revenue is projected at $7.28 billion. JPMorgan has maintained an Overweight rating but lowered the price target to $170. Nucor offers a 1.37% annual dividend yield, translating to $2.16 per share annually. To earn $500 monthly from dividends, an investment of approximately $439,174 is needed.
October 18, 2024 | 12:59 pm
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Nucor's Q3 earnings are expected to be significantly lower than last year, with EPS projected at $1.47. Despite this, JPMorgan maintains an Overweight rating, though it lowered the price target to $170. Nucor's dividend yield is 1.37%, offering $2.16 per share annually.
The expected drop in earnings per share from $4.57 to $1.47 indicates a potential negative impact on the stock price. However, the maintained Overweight rating by JPMorgan suggests confidence in the company's long-term prospects. The dividend yield remains attractive for income-focused investors, but the high investment required for significant monthly income may deter some. The stock's recent price increase of 2.5% suggests some positive sentiment, but the overall impact is neutral given the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100