3M (NYSE:MMM) is scheduled to be issuing its quarterly earnings knowledge earlier than the market opens on Tuesday, January 26th. Analysts anticipate the corporate to announce earnings of $2.19 per share for the quarter. Particular person considering taking part within the firm’s earnings convention name can achieve this utilizing this hyperlink.
3M (NYSE:MMM) final introduced its quarterly earnings outcomes on Sunday, November 1st. The conglomerate reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.17. 3M had a return on fairness of 44.77% and a internet margin of 15.65%. The agency had income of $8.35 billion for the quarter, in comparison with the consensus estimate of $8.38 billion. Throughout the identical interval within the prior 12 months, the corporate posted $2.58 earnings per share. The corporate’s quarterly income was up 4.5% on a year-over-year foundation. On common, analysts anticipate 3M to submit $9 EPS for the present fiscal 12 months and $10 EPS for the following fiscal 12 months.
NYSE MMM opened at $165.55 on Tuesday. 3M has a one 12 months low of $114.04 and a one 12 months excessive of $182.15. The stock has a 50-day shifting common of $172.77 and a 200 day shifting common of $165.59. The corporate has a debt-to-equity ratio of 1.54, a fast ratio of 1.37 and a present ratio of 1.90. The corporate has a market capitalization of $95.49 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.85 and a beta of 0.92.
A lot of analysts have lately commented on MMM shares. Morgan Stanley lifted their price goal on shares of 3M from $176.00 to $188.00 and gave the stock an “equal weight” ranking in a analysis word on Tuesday, January 12th. Gordon Haskett raised shares of 3M from an “underperform” ranking to a “maintain” ranking and set a $170.00 goal price for the corporate in a analysis report on Wednesday, October seventh. Bank of America lower 3M from a “impartial” ranking to an “underperform” ranking and set a $170.00 price goal on the stock. in a report on Thursday, January seventh. TheStreet upgraded 3M from a “c+” ranking to a “b” ranking in a analysis word on Tuesday, October 27th. Lastly, Zacks Funding Analysis lower 3M from a “purchase” ranking to a “maintain” ranking and set a $182.00 price goal for the corporate. in a analysis report on Tuesday, December 15th. Two funding analysts have rated the stock with a promote ranking, 9 have given a maintain ranking and two have issued a purchase ranking to the corporate’s stock. 3M presently has a median ranking of “Maintain” and a consensus price goal of $173.00.
In different information, EVP Khandpur Okay. Ashish bought 5,760 shares of the corporate’s stock in a transaction dated Thursday, December 17th. The stock was bought at a median price of $176.44, for a complete value of $1,016,294.40. Following the completion of the transaction, the manager vice chairman now owns 21,719 shares of the corporate’s stock, valued at $3,832,100.36. The transaction was disclosed in a submitting with the SEC, which is accessible via this hyperlink. Additionally, SVP Ivan Okay. Fong bought 15,073 shares of the stock in a transaction dated Monday, November 16th. The stock was bought at a median price of $172.62, for a complete value of $2,601,901.26. Following the sale, the senior vice chairman now owns 47,886 shares of the corporate’s stock, valued at roughly $8,266,081.32. The disclosure for this sale will be discovered right here. Insiders have bought 27,052 shares of firm stock worth $4,688,423 within the final ninety days. Insiders personal 0.42% of the corporate’s stock.
3M Firm Profile
3M Firm develops, manufactures, and markets numerous merchandise worldwide. It operates via 4 enterprise segments: Security and Industrial, Transportation and Electronics, Well being Care, and Client. The Security and Industrial section presents private security merchandise, industrial adhesives and tapes, abrasives, closure and masking methods, electrical markets, automotive aftermarket, and roofing granules to industrial, electrical, and security markets.
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