How To Earn $500 A Month From Weyerhaeuser Stock Ahead Of Q3 Earnings
Portfolio Pulse from Avi Kapoor
Weyerhaeuser Company (NYSE:WY) is set to release its Q3 earnings, with expectations of a significant drop in earnings per share and revenue compared to last year. Despite this, Truist Securities has raised its price target for the company. Weyerhaeuser offers a 2.51% annual dividend yield, and investors need substantial holdings to earn significant monthly income from dividends.
October 24, 2024 | 12:37 pm
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Weyerhaeuser's Q3 earnings are expected to decline significantly, with EPS dropping from 33 cents to 1 cent and revenue falling from $2.02 billion to $1.68 billion. Despite this, Truist Securities raised its price target to $34. The company offers a 2.51% annual dividend yield, requiring substantial investment for significant monthly income.
The expected decline in earnings and revenue could negatively impact the stock price, but the raised price target by Truist Securities may offset this. The dividend yield remains attractive for income-focused investors, though significant investment is required for substantial monthly income.
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