217.75 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||216.50 x 100|
|Ask||221.00 x 200|
|Day's Range||216.74 - 220.28|
|52 Week Range||190.59 - 259.77|
|PE Ratio (TTM)||27.46|
|Earnings Date||Apr 24, 2018|
|Forward Dividend & Yield||5.44 (2.51%)|
|1y Target Est||237.92|
First-quarter earnings for 3M may not be exciting, but analysts think there’s a lot of slow and steady upside for an industrial.
Commodity prices risk along with stiff competition and risk from adverse foreign currency translations are likely to hurt 3M Company's (MMM) financials in first-quarter 2018.
3M Company ( MMM) is a multi-national technology-based conglomerate providing innovations in raw materials, water, energy, health, safety and education. 3M is set to report first quarter earnings before the opening bell on Tuesday, April 24. 3M shares closed Thursday at $218.85, down 7% year to date and in correction territory at 15.8% below its 2018 high of $259.77 set on Jan. 26.
As of April 17, 2018, 3M’s (MMM) one-year forward PE (price-to-earnings) multiple was 20.40x—compared to Honeywell International’s (HON) multiple of 21.50x. A forward PE multiple takes future earnings into consideration.
The latest data as of March 29, 2018, show that 3M’s (MMM) short interest has fallen. The bearish sentiment in the stock decreased after the stock went through a correction after reaching an all-time high of $258.63. The short interest fell to 1.2% as of March 29, 2018.
Since the 4Q17 earnings report, the number of analysts tracking 3M (MMM) has increased to 15 from 14. Analysts’ consensus indicates a target price of $237.92, which implies a return potential of 8.1% over the closing price as of April 17, 2018. Analysts’ consensus target price for 3M has decreased from $246.7 to the current price in three months, which indicates that analysts are a little conservative on the stock.
3M (MMM) is expected to post an adjusted EPS (earnings per share) of $2.51 in 1Q18—an increase of 16.2% compared to 1Q17. In 1Q17, 3M reported an adjusted EPS of $2.16. If 3M can beat Wall Street analysts’ expectations, it would continue its trend of beating the estimates in every quarter last year.
3M (MMM), a diversified technology company, is expected to report record first quarter revenues in 1Q18. 3M is projected to report 1Q18 revenues of ~$8.25 billion, which represents 7.3% growth on a year-over-year basis.
In a press release, 3M (MMM) said that it plans to announce its 1Q18 earnings on April 24, 2018, before the market opens. Management will hold a conference the same day to discuss the earnings.
There was a time when GE Capital paid dividends to General Electric (GE). After some significant disclosures, GE took a $6.2 billion hit in GE Capital’s insurance portfolio. GE also declared that it would inject $15.0 billion into the Capital business’s reserves over the next seven years.
A series of financial miscalculations have marred General Electric (GE) stock recently. Among all major industrial (IYJ) companies, GE still evokes the highest levels of investor anxiety. Industrial majors Koninklijke Philips (PHG), 3M Company (MMM), United Technologies (UTX), Honeywell International (HON), and Boeing (BA) have lower dividend yields compared to GE.
Stanley Black & Decker (SWK) is expected to post adjusted EPS (earnings per share) of $1.35 in 1Q18, an increase of ~4.7% YoY (year-over-year). In 1Q17, SWK reported adjusted EPS of $1.29.
A spate of financial surprises by General Electric (GE) has taken the investor community by surprise. Due to the implementation of new revenue recognition rules, the value of GE’s contract assets has been written off. Analysts polled by Thomson Reuters expect General Electric to report revenue of $27.4 billion in 1Q18.
Major US industrial behemoth General Electric (GE) is set to announce its 1Q18 earnings on April 20, 2018, at 8:30 AM EDT. On the same day at 9:30 AM, the conglomerate will organize an earnings call to discuss its results with investors and analysts. A few days before GE’s 4Q17 earnings release, the company declared a $6.2 billion charge in GE Capital’s insurance portfolio.
Stanley Black & Decker (SWK) is set to announce its 1Q18 earnings on April 20, 2018, before the market opens. It plans to hold a conference call that day at 8:00 AM EST. In this series, we’ll look at SWK’s stock performance since its 4Q17 earnings and analysts’ revenue and EPS (earnings per share) estimates and recommendations.
Honeywell (HON) is expected to post adjusted EPS (earnings per share) of $1.90 in 1Q18, marking an increase of 14.5% YoY (year-over-year). In 1Q17, HON reported EPS of $1.66. If HON meets EPS estimates in 1Q18, it would mean record first-quarter EPS.
Engineering students from North Dakota State University beat out three other teams to claim bragging rights as the first-ever 3M Industrial Adhesives and Tapes Disruptive Design Challenge winner.
3M has pledged support as a founding donor to a newly established United Nations Road Safety Trust Fund. The science and technology company committed $250,000 to the UN Road Safety Trust Fund which aims to accelerate progress in improving global road safety by bridging the gaps in the mobilization of resources for effective action at all levels.
Who has what it takes to solve a sticky design problem, using adhesives and tapes, and build solutions that have the potential to improve lives? Teams from four schools with the nation’s finest engineering programs – Iowa State University, University of Minnesota, North Dakota State University and University of Wisconsin-Madison – are about to face that test this week, during the finals of the 3M Disruptive ...
Filtrete™ Smart Air Filters, the first-ever Bluetooth®-enabled HVAC air filters for the home, are now integrated with Amazon Dash Replenishment to automatically reorder air filters when they need replacing.
Due to a cash infusion from investors and an agreement with the St. Paul Port Authority, Yeadon Fabric Domes will expand its business and move to St. Paul this year.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.