Today’s Research Reports on Stocks to Watch: Caterpillar and 3M
NEW YORK, NY / ACCESSWIRE / January 26, 2018 / It was a day of green for Caterpillar and 3M in Thursday trading. Caterpillar beat expectations in its Q4 earnings results and laid out an optimistic 2018. 3M also said it had its best sales in six years this week in the last quarter.
RDI Initiates Coverage on:
Caterpillar Inc.
https://rdinvesting.com/news/?ticker=CAT
3M Company
https://rdinvesting.com/news/?ticker=MMM
Caterpillar Inc. shares closed up a modest 0.61% on Thursday on nearly 17 million shares traded. The stock was just 14 cents away from its 52-week high during intra-day trading. The heavy duty equipment making company announced this week that it has broken a four-year streak of declining sales. Traders were also reassured to learn that according to the company's executives, 2018 is a year where sales will continue to see an upswing. The company beat Wall Street's expectations for the seventh straight quarter and reported that sales grew 35%. For Q4 Caterpillar reported $2.16 per share while analysts were waiting for $1.79. Looking ahead the company has forecast adjusted profit of $8.25 to $9.25 for 2018 while analysts are expecting $8.15. CEO Jim Umpleby remarked, "Economic indicators are positive at the moment, and we expect a strong start to 2018."
Access RDI's Caterpillar Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CAT
3M Company shares closed up 1.89% on about 3.5 million shares traded on Thursday. The stock hit a brand new high of $254.80 during intra-day trading after the company saw its best sales in six years. 3M reported fourth quarter earnings results this week that revealed sales of $8.0 billion, up 9.0 percent year-on-year. However, earnings of 85 cents a share was a 55% drop year-on-year due to the $1.25 a share of tax expense. Adjusted reported earnings as $2.10 a share easily beat the analyst estimates of $2.03 a share. The company's CEO Inge G. Thulin stated, "3M's fourth quarter was marked by record sales, expanded margins and robust organic growth across all business groups and geographic areas. Our team's performance capped a successful year for our enterprise. For 2017, we posted organic growth of 5 percent, along with healthy earnings, cash flow and return on invested capital. Over the last several years, we have accelerated investments in the business – including stepping up research and development and our commercialization efforts – which is evident in our strong results. Going into 2018, we will increase investments further, and are positioned to continue generating premium value for our customers and premium returns for our shareholders."
Access RDI's 3M Company Research Report at:
https://rdinvesting.com/news/?ticker=MMM
Our Actionable Research on Caterpillar Inc. (NYSE: CAT) and 3M Company (NSYE: MMM) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
