Previous Close | 113.55 |
Open | 113.73 |
Bid | 115.03 x 1100 |
Ask | 115.28 x 1000 |
Day's Range | 113.46 - 115.77 |
52 Week Range | 107.07 - 169.25 |
Volume | |
Avg. Volume | 2,983,680 |
Market Cap | 63.3B |
Beta (5Y Monthly) | 0.99 |
PE Ratio (TTM) | 11.32 |
EPS (TTM) | 10.18 |
Earnings Date | Apr 24, 2023 - Apr 28, 2023 |
Forward Dividend & Yield | 5.96 (5.17%) |
Ex-Dividend Date | Nov 17, 2022 |
1y Target Est | 123.59 |
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On Tuesday, 3M said it would eliminate 2,500 jobs after the maker of Scotch tape and Post-it Notes reported a slowdown in sales. Hasbro on Thursday said it would eliminate 15% of its global workforce, or around 1,000 positions, this year, and chemicals company Dow said it would lay off about 2,000 employees globally. 3M shares dropped 6.2% Tuesday.
New applications for unemployment benefits fell by 6,000 last week and remained near prepandemic levels.
There was good and bad in 3M's earnings report, but the long-term investment thesis is still intact.