How To Earn $500 A Month From Commercial Metals Stock Ahead Of Q1 Earnings
CMCCMC(US:CMC) Benzinga·2024-12-26 13:29

Core Viewpoint - UBS analyst Curt Woodworth downgraded Commercial Metals from Buy to Sell and reduced the price target from $62 to $56 [1] Group 1: Company Performance - Commercial Metals is expected to report quarterly earnings of 82 cents per share, a decrease from $1.63 per share in the same period last year [7] - The company is projected to report quarterly revenue of $1.88 billion, down from $2 billion a year ago [7] - Shares of Commercial Metals gained 1.5% to close at $50.50 [6] Group 2: Dividend Information - Commercial Metals offers an annual dividend yield of 1.43%, with a quarterly dividend amount of 18 cents per share (72 cents a year) [4] - To earn $500 per month or $6,000 annually from dividends, an investment of approximately $420,817 or around 8,333 shares is needed [8] - For a more modest income of $100 per month or $1,200 per year, an investment of $84,184 or around 1,667 shares is required [8]