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3M Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2024-07-26 14:14
3M Company MMM will release its financial results for the second quarter, before the opening bell on Friday, July 26.Analysts expect the Saint Paul, Minnesota-based company to report quarterly earnings at $1.68 per share, down from $2.17 per share in the year-ago period. 3M is expected to post revenue of $5.88 billion, compared to $7.87 billion a year earlier, according to data from Benzinga Pro.On July 16, 3M completed a strategic investment in Ohmium International, a developer of electrolyzer systems for ...
3M (MMM) Stock Before Q2 Earnings: To Buy or Not to Buy?
ZACKS· 2024-07-25 00:21
3M Company (MMM) is scheduled to release second-quarter 2024 results on Jul 26, before market open.The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at $1.66 per share, reflecting a decline of 2.9% in the past 60 days. The consensus mark implies a 23.5% decline from the year-ago actual. The Zacks Consensus Estimate for second-quarter 2024 revenues is pegged at $5.89 billion, suggesting a 29.3% decrease from the year-ago actual.It is worth noting that in April 2024, 3M completed the spi ...
Is 3M a Millionaire Maker?
The Motley Fool· 2024-07-20 16:03
文章核心观点 - 3M公司过去10年的股价表现不佳,主要受到公司面临的法律和监管风险的影响 [1][2][3] - 为应对这些风险,3M公司被迫剥离了其医疗保健业务,这个曾经被视为公司未来增长引擎的业务 [4] - 剥离医疗保健业务后,3M公司留下的业务包括安全和工业、交通和电子、消费品等,这些业务增长前景相对较弱 [5] - 3M公司还大幅降低了股息,这进一步反映了公司未来增长前景的不确定性 [6][7] 根据相关目录分别进行总结 公司概况 - 3M公司是一家拥有悠久历史的工业巨头,但近年来面临着严重的法律和监管风险 [1][2][3] - 为应对这些风险,公司被迫剥离了医疗保健业务,这个曾经被视为公司未来增长引擎的业务 [4] 业务结构变化 - 剥离医疗保健业务后,3M公司留下的业务包括安全和工业、交通和电子、消费品等,这些业务增长前景相对较弱 [5] - 公司还大幅降低了股息,这进一步反映了公司未来增长前景的不确定性 [6][7] 未来前景 - 3M公司虽然有一定的恢复潜力,但由于业务结构的变化,未来增长可能会放缓 [8][9][10] - 对于投资者来说,3M公司短期内可能不太具有吸引力,需要等待公司法律风险得到更好的解决
3M: The Turnaround Isn't Done Yet
Seeking Alpha· 2024-07-20 04:13
jetcityimage 3M: Investors Looked Past Peak Pessimism Industrial stocks like 3M Company (NYSE:MMM) have performed well recently, as the sector rotation has bolstered the sector. Investors have remained calm even as MMM revised its dividend per share payout downwards. As a reminder, the dividend revision is necessary for 3M to reignite a healthier recovery trajectory as a "reset" from spinning off Solventum (3M's previous healthcare business). As a result, the company's decision to downgrade its payout ratio ...
3M (MMM) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
ZACKS· 2024-07-19 23:05
3M (MMM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 26. On the other ha ...
3M: Near-Term Growth Looks Limited, But A Fresh Start Is Welcome (Upgrade)
Seeking Alpha· 2024-07-19 03:51
jetcityimage It has been a rough road to get to this point, but 3M Company (NYSE:MMM) investors actually have some reason to be optimistic about the future, and it’s been too long since that has been the case. While not everything that has bedeviled this industrial conglomerate can be laid at the feet of the now-former CEO – the acquisition of Aearo and its earplugs, as well as the production of PFAS chemicals predate his tenure by a wide margin – unimaginative leadership has nevertheless left the compa ...
3M (MMM) Rises 13.4% in 3 Months: How Should You Play the Stock?
ZACKS· 2024-07-18 23:26
文章核心观点 - 3M公司近期股价表现良好,在过去3个月内上涨13.4%,超过行业平均水平和标普500指数的涨幅 [1] - 公司在电子、汽车和航空等领域表现强劲,带动了交通电子业务的增长 [4][5] - 公司正在进行组织重组,以优化供应链、调整业务模式,预计将带来700-900百万美元的成本节约 [7] - 公司保持了较高的股东回报,2023年派发了33亿美元的股息和3.3亿美元的股票回购 [8] - 公司的资产回报率远高于行业平均水平,反映了其有效利用股东资金的能力 [9] - 公司估值相对较低,股价具有吸引力 [10] 行业和公司分析 有利因素 - 交通电子业务表现强劲,受益于电子、汽车和航空等终端市场的需求增长 [4][5] - 公司正在进行组织重组,预计将带来700-900百万美元的成本节约 [7] - 公司保持了较高的股东回报,体现了良好的财务状况 [8] - 公司资产回报率远高于行业平均水平,反映了较强的经营能力 [9] - 公司估值相对较低,股价具有吸引力 [10] 不利因素 - 安全和工业业务受到疲软需求的影响,销售下滑 [11] - 消费零售市场疲软,消费者业务销售下降 [12] - 公司债务水平较高,存在一定财务风险 [13] - 未来盈利预期有所下调 [14]
3M invests in green hydrogen leader Ohmium in continuing effort to advance breakthrough climate technologies
Prnewswire· 2024-07-16 23:00
ST. PAUL, Minn., July 16, 2024 /PRNewswire/ -- In its continuing effort to expand into emerging climate technologies, 3M (NYSE: MMM) has completed a strategic investment in Ohmium International, a developer of electrolyzer systems for green hydrogen production. The investment is part of 3M's commitment to advancing technologies that support the transition to a low-carbon economy and may help the company explore further decarbonizing its own operations. Ohmium logo "Our investment in Ohmium demonstrates ...
Blue-Chip Consumer Goods Sock Could See Tailwinds
Schaeffers Investment Research· 2024-07-12 23:06
After hitting a May 20, 52-week high, consumer goods stock 3M Co (NYSE:MMM) pulled back to its 20-day moving average and $100 century mark. Buying followed a bullish post-earnings reaction in early May, even as retail clients at major brokerages were net sellers during the month. Since then, MMM took out its 2020 low at $97 and later retested that level.  Only four of 12 analysts in coverage rate the equity a "buy." This leaves plenty of room for upgrades as MMM’s technical backdrop improves, especially con ...
Post-it and Scotch Brand have your back to school with JoAnna Garcia Swisher
Prnewswire· 2024-07-11 20:00
"I've taken a new approach to back-to-school preparation this year. We're starting early, getting organized, and having fun as we ease into the season," says Swisher. "Just like all parents, I want to ensure the best for my family and be ready for whatever comes our way throughout the year. The Post-it and Scotch Brand Back-to-School Countdown Kit helps us achieve just that! It's keeping us energized and focused – we're making our lists, preserving our favorite summer memories, and setting new goals for the ...