3M will step into the earnings confessional on Jan. 26 earlier than the open
3M Firm (NYSE:MMM) will report fourth-quarter earnings subsequent week on Jan. 26 earlier than the bell. The corporate is presently valued at $98.Four billion and has over $44 billion in whole belongings.
On the charts, MMM has carved out a channel of upper highs since its March 23 seven-year lows close to $114. And whereas the shares have damaged from this trendline to begin 2021, their 160-day transferring common has stepped as much as assist the pullback.
3M has a historical past of muted post-earnings reactions. Within the final eight stories, MMM has averaged a post-earnings transfer of 4.5%, no matter course. This time round, the choices market is pricing in the same 4.8% transfer for the stock.
Even with a unstable occasion resembling earnings on the horizon, MMM sports activities attractively priced premium. The safety’s Schaeffer’s Volatility Index (SVI) of 30% sits within the extraordinarily low 13th percentile of its annual vary. In easier phrases, choices gamers are pricing in low volatility expectations in the mean time.
Trying on the firm’s financials, MMM has maintained constant annual income and web revenue lately. 3M stock presently trades at a price-earnings ratio of 20.02 and has a ahead price-earnings ratio of 17.54.
Total, 3M is a perfect stock for dividend traders searching for minimal danger. Buyers probably won’t see a lot stock appreciation, however can sit up for one of the safe dividend payouts within the U.S. stock market. 3M has paid dividends to its shareholders with out interruption for greater than 100 years, and has elevated its annual dividend for 62 consecutive years. MMM has a ahead dividend of $5.88 and dividend yield of three.45%.