|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||197.01 - 201.75|
|52 Week Range||193.54 - 259.77|
|PE Ratio (TTM)||25.07|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||5.44 (2.51%)|
|1y Target Est||237.92|
General Electric’s (GE) overall revenues stood at $28.6 billion in 1Q18, exceeding Wall Street’s estimate of $27.4 billion by 4.4%. On a YoY (year-over-year) basis, GE’s revenues in 1Q18 were up 3.6% from $27.6 billion in 1Q17.
General Electric (GE) released its 1Q18 earnings on April 20. On an adjusted basis, the company’s earnings per share (or EPS) came in at $0.16, up 14.0% YoY (year-over-year) from the restated $0.14 in 1Q17. GE surpassed Thomson Reuters–surveyed analysts’ adjusted EPS target of $0.11 by a whopping 41.3%.
The 10-year Treasury yield tagged 3% for the first time in four years in a continuation of the bond market pricing in future Federal Reserve rate hikes. The biggest beneficiary to the bond price carnage (and launch in yields) has been bank stocks. Indeed, with red flashing across the board during yesterday’s stock sell-off, the SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) was one of the only ETFs finishing in the green.
3M stock crashed after the conglomerate released its first-quarter earnings, but there's more than meets the eye.
The market reacted just a little strongly to Alphabet’s latest quarter, despite the company putting up some incredible numbers.
3M Co (NYSE:MMM) investors certainly aren’t having fun, as shares fell 6.8% on Tuesday and sit just $9 above its 52-week low near $192. Ironically, 3M stock set that low on April 25, 2017. What’s got 3M down, anyway?
NEW YORK, NY / ACCESSWIRE / April 25, 2018 / The markets recent slide continued Tuesday as concerns of rising interest rates continued to plague investors. On Tuesday, the yield on the benchmark on the ...
3M Co. earnings report was the most disappointing for investors in a decade, as the industrial and consumer products manufacturer’s stock plunged into bear-market territory.
The Dow Jones Industrial Average fell for the fifth consecutive session, giving back all of the gains the blue-chip index has made this year. The Dow closed the session down 1.73%, or 423 points to 24,025, while the Nasdaq declined 1.7%, or 121 points to 7,007 and the S&P 500 fell 1.34%, of 36 points to 2,635.
3M Co.'s stock tumbled 7.3% in afternoon trade, making prices cheap enough to get CFRA analyst Jim Corridore to turn bullish on the maker of industrial and consumer products. Corridore raised his rating to buy from hold, while keeping his stock price target at $260. "Given the recent pullback in the shares, we see the stock as attractively valued," Corridore wrote in a note to clients.
Shares of 3M Co. have tumbled more than 8 percent so far Tuesday after the company released quarterly earnings that largely met analyst expectations but sliced its earnings outlook for the year.
Is a 3% yield on the 10 year Treasury that big a deal? Simple. Yes and No. The actual round number of 3% of course means nothing special to the economy. But rates moving to 3% does have several implications. First – We moved really fast from 2.83% on April 17 to now. That means the market was likely behind in inflation assumptions. And a quick move can be a bit jarring to sensitive markets like mortgage and commercial loans.
Revenue growth was driven by organic growth of 2.8%, an acquisition after adjusting to divestitures contributed 0.7%, and favorable foreign currency helped 4.2%. 3M reported adjusted earnings per share of $2.50, which is more or less on the expected lines of the range between $2.50 and $2.51. Plus, as the company reported earlier, 3M settled a lawsuit with the State of Minnesota for $897 million that translates into $1.16 per share.
3M says it expects earnings per share for the year to range between $10.20 and $10.55, down from a range of $10.20 to $10.70. "A few markets were softer than we anticipated going into the year," CEO Inge Thulin says during a call with analysts. Shares of multinational giant 3M MMM dropped 6.83 percent Tuesday after the company lowered its 2018 earnings guidance.
This is an increase over its earnings per share of $2.16 from the same period of the year prior. 3M Co reported operating income of $1.01 billion for the first quarter of the year. Revenue reported by 3M Co in the first quarter of the 2018 was $8.28 billion.
First-quarter earnings per share at 3M were roughly in line with analysts' reduced expectations, but that's largely because of the benefit of a lower-than-expected tax rate. 3M attributed its weakened organic sales outlook to a slow start in the automotive after-market. The challenges in the automotive market may raise a new set of questions about the competitive threat posed by Amazon.com Inc. Investors had previously been concerned about price pressure in 3M's consumer business from the internet giant.
Honeywell International’s (HON) SPS (Safety and Productivity Solutions) segment is its smallest revenue contributor, accounting for 13.9% of its total revenue in 1Q17 and 1Q18. SPS revenue rose ~9.4% YoY (year-over-year) to $1.5 billion in 1Q18 from $1.3 billion.
Honeywell International’s (HON) PMT (Performance Materials and Technologies) segment accounted for 24.4% of its total revenue in 1Q18, compared with 24.8% in 1Q17, representing a difference of 0.40 percentage points YoY (year-over-year). Between 1Q17 and 1Q18, PMT’s revenue rose 7.7%, from $2.4 billion to $2.5 billion.