How to earn $ 500 per month of 3m share before the first quarter profits – 3M (NYSE: MMM)

3M company I i The results of the profits will be issued for the first quarter, before the opening bell on Tuesday, April 22nd.

Analysts expect the company to report a quarterly profits at $ 1.77 per share, a decrease of $ 2.39 per share in the last period. 3M projects to report the quarterly revenue at $ 5.73 billion, compared to 8 billion dollars in the previous year, according to data from Benzinga Pro.

On April 14, Citigroup Andrew Kaplowitz analysts 3M with a neutral classification and reduced the target price from $ 152 to $ 142.

With the last tanner about 3 meters, some investors may also look forward to possible gains from the company’s profits as well. As of now, 3m offers an annual profit of 2.24 %. This is a quarterly profit of 73 cents per share ($ 2.92 a year).

So, how can investors take advantage of their profit return for a pocket of $ 500 per month?

To earn $ 500 per month or $ 6000 annually of profits alone, you will need to invest about 267,582 dollars or about 2,055 shares. For $ 100 more humble per month or $ 1,200 a year, you will need 53,516 dollars or about 411 shares.

For account: Divide the required annual income ($ 6,000 or $ 1,200) on profits ($ 2.92 in this case). Therefore, 6000 dollars / 2.92 dollars = 2,055 ($ 500 per month), and 1200 dollars / 2.92 dollars = 411 shares ($ 100 per month).

Note that the profit return can change on the basis of rotation, as the price of profits and the stock price fluctuate over time.

How does this work: The profit return is calculated by dividing the annual profit payment on the current price of the share.

For example, if the shares are paying annual profits of $ 2, with a price currently $ 50, the profit return will be 4 % ($ 2/50 dollars). However, if the share price rises to $ 60, the profit returns decrease to 3.33 % ($ 2/60 dollars). On the contrary, if the share price decreases to $ 40, the profit return rises to $ 5 ($ 2/40 dollars).

Likewise, changes in the batch of profits can affect the return. If the company increases its profits, the return will also increase, provided that the share price remains the same. On the contrary, if the payment boost decreases, the return will take place.

MMM PRICE work: 3M shares fell 0.2 % to close at $ 130.21 on Thursday.

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