|Bid||197.96 x 800|
|Ask||198.02 x 900|
|Day's Range||197.55 - 200.77|
|52 Week Range||181.98 - 259.77|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||26.53|
|Earnings Date||Jan 29, 2019|
|Forward Dividend & Yield||5.44 (2.71%)|
|1y Target Est||204.00|
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The time period since the end of the third quarter is one of […]
Moody's Investors Service has today assigned a Ba1 rating to the proposed USD-denominated trust certificates (or sukuk) of NMC Healthcare Sukuk Limited. At the same time Moody's assigned a stable outlook ...
Shares of General Electric (NYSE:GE) have been on a terrible ride so far this year. GE stock is now down more than 50% over the past 12 months and more than 56% since the company reported its 2017 third-quarter earnings results just over a year ago. Q3 2018 and Q3 2017 don’t lap perfectly year-over-year because GE delayed its earnings results for the most recent quarter.
Cummins (CMI) reported its third-quarter earnings today before the markets opened. The engine manufacturer (IYJ) beat Thomson Reuters’ adjusted EPS estimate of $3.75 by a wide margin of 7.80%. Cummins’ third-quarter adjusted EPS of $4.05 were up 49.4% YoY (year-over-year) from $2.71 in Q3 2017.
The consensus target price for 3M stock has fallen since its earnings release. The current analyst consensus indicates a target price of $205.94, compared to $213.60 before its third-quarter earnings release.
Investing.com - General Electric (NYSE:GE) reported third quarter earnings and revenue that missed analyst's expectations on Tuesday and said it was slashing its quarterly dividend to just one cent per share.
3M’s (MMM) Consumer segment contributed 15.1% to the company’s total revenues in the third quarter compared to 15.7% in the third quarter of 2017. The segment’s revenues fell due to a decline in its sales volume and unfavorable pricing that impacted the segment revenues negatively by 2.0%. By business, the Consumer segment’s growth was led by home improvement.
3M’s (MMM) Electronics and Energy segment contributed 17.7% to the company’s total third-quarter revenues compared to 18.5% in the third quarter of 2017. The fund’s top holdings include Cisco Systems (CSCO), Altria Group (MO), and Air Products and Chemicals (APD) with weights of 4.4%, 4.0%, and 0.7%, respectively, on October 24.
3M’s (MMM) Health Care segment accounted for 17.7% of 3M’s total revenues in the third quarter, compared to 18.2% in the third quarter of 2017. The segment reported revenues of $1.45 billion in the third quarter compared to $1.49 billion in the third quarter of 2017, for a 2.8% year-over-year revenue decline.
The segment’s revenue growth resulted from the acquisition revenue net of divestiture, which helped its revenues rise 7.0%. This growth was driven by the Scott Safety acquisition from Johnson Controls (JCI). Higher sales volume and pricing increased the segment’s revenue growth by 2.2%.
NEW YORK, Oct. 29, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
The nation’s largest 3,000 public companies suffered a net loss of $2.1 trillion between Sept. 30 and Oct. 24, according to a Business Journals analysis of Bloomberg data. But there are still some winners, especially among food and utility players.
With a third-quarter revenue share of 37.1%, 3M’s (MMM) Industrial segment is the company’s most significant revenue contributor. The segment’s revenue share rose 10 basis points year-over-year. The Industrial segment’s revenue growth was supported by the increase in volumes and prices, which helped its revenues rise 2.2%.
Stocks continue to plunge, a wave of pipe bombs target high-profile Dems, Trump promises tax cut and amps up immigration fears, and Saudis admit to Khashoggi killing
In the third quarter of 2017, 3M reported revenues of $8.17 billion. 3M missed the Wall Street analysts’ estimate of $8.39 billion. This indicates that since 2013, 3M’s revenues for the third quarter have increased at a CAGR (compound annual growth rate) of 0.6%. 3M’s revenue decline was primarily due to the strong dollar, which resulted in an unfavorable foreign currency translation.
3M (MMM) announced its third-quarter earnings on October 23. It reported adjusted EPS of $2.58, an increase of 10.7% on a year-over-year basis. In the third quarter of 2017, 3M posted adjusted EPS of $2.33. However, 3M failed to beat the Wall Street estimate of adjusted EPS of $2.70.
One of the catalysts for this week’s dramatic fall in the equities markets was Caterpillar’s (NYSE:CAT) quarterly report, which caused a large decline in CAT stock price. When Caterpillar’s third-quarter report came out on Tuesday, CAT stock plunged by 7.6%. Since mid-September, CAT stock has gone from $156 to $116.
On October 24, AT&T (T) reported weak third-quarter results, as the second-largest US (SPY) wireless carrier missed its earnings estimates. AT&T stock declined ~8.1% on Wednesday, its largest one-day decline in more than 16 years.
Let’s discuss Reuters-surveyed analysts’ recommendations on General Electric (GE) and its peers. After the company update on October 1, analysts became less skeptical about its future course of action. Of the 20 analysts covering GE stock, four (20%) have recommended “strong buys,” whereas four (20%) have recommended “buys” on its stock.