How To Earn $500 A Month From Constellation Brands Stock Ahead Of Q3 Earnings

Core Viewpoint - Constellation Brands is expected to report a decline in quarterly earnings while revenue is projected to increase slightly compared to the previous year [1] Group 1: Earnings and Revenue Expectations - The company will release its third-quarter earnings results on January 7, 2025, after the market closes [1] - Analysts predict earnings of $2.64 per share, down from $3.25 per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $2.16 billion, an increase from $2.46 billion a year earlier [1] Group 2: Analyst Ratings and Price Target - Jefferies analyst Kaumil Gajrawala downgraded Constellation Brands from Buy to Hold and reduced the price target from $170 to $154 [2] Group 3: Dividend Information - Constellation Brands currently offers an annual dividend yield of 2.96%, translating to a quarterly dividend of $1.02 per share, or $4.08 annually [2] - To achieve a monthly income of $500 from dividends, an investment of approximately $202,939 or around 1,471 shares is required [3] - For a more modest monthly income of $100, an investment of $40,560 or around 294 shares is needed [3] Group 4: Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price [4] - Changes in stock price directly affect the dividend yield; for instance, if the stock price increases, the yield decreases, and vice versa [4][5] - If a company increases its dividend while the stock price remains constant, the yield will increase [5] Group 5: Current Stock Performance - As of the latest publication, Constellation Brands shares were up 0.26% at $138.31 [5]