3M (MMM) Expected to Announce Earnings on Tuesday

3M (NYSE:MMM) is expected to release its earnings data before the market opens on Tuesday, January 21st. Analysts expect 3M to post earnings of $1.67 per share and revenue of $5,770,390.00 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.93 by $0.05. 3M had a net margin of 15.37% and a return on equity of 104.66%. The company had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.06 billion. During the same quarter last year, the firm posted $2.68 EPS. The company’s quarterly revenue was down 24.3% on a year-over-year basis. On average, analysts expect 3M to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

3M Stock Performance

NYSE MMM opened at $141.02 on Monday. The company has a fifty day simple moving average of $131.24 and a 200 day simple moving average of $127.74. 3M has a 12-month low of $75.40 and a 12-month high of $141.66. The company has a current ratio of 1.43, a quick ratio of 1.08 and a debt-to-equity ratio of 2.41. The company has a market cap of $76.80 billion, a P/E ratio of 17.81, a PEG ratio of 2.01 and a beta of 0.95.

3M Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, November 15th. 3M’s payout ratio is currently 35.35%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of 3M in a research report on Saturday. UBS Group raised shares of 3M from a “neutral” rating to a “buy” rating and lifted their price target for the company from $130.00 to $184.00 in a research report on Wednesday, November 13th. Bank of America lifted their price target on shares of 3M from $143.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Melius Research raised shares of 3M from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Tuesday, October 22nd. Finally, Barclays dropped their price objective on 3M from $165.00 to $161.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.13.

About 3M

3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.