Key Details
Price
$133.35Last Dividend
$0.70PE Ratio
16.84Annual ROE
-71.24%Beta
0.71Events Calendar
Next earnings date:
Jan 23, 2025Recent quarterly earnings:
Oct 22, 2024Recent annual earnings:
Jan 23, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 15, 2024Next split:
N/ARecent split:
Apr 01, 2024Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
I maintain a hold rating on 3M because its share price is fairly valued around $130, and the technical indicators are mixed. Even though there was a strong rally in the middle of the year and good earnings in Q3, the company's growth potential and valuation ratios are still quite average. Important risks to consider include possible margin pressures, supply chain challenges, and weak global GDP growth, which could affect its future performance.
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ST. PAUL, Minn., Nov. 19, 2024 /PRNewswire/ -- 3M (NYSE: MMM) has announced an upcoming investor event: the Goldman Sachs Industrials and Materials Conference, which will take place on Thursday, December 5, 2024.
ST. PAUL, Minn., Nov. 5, 2024 /PRNewswire/ -- The Board of Directors at 3M (NYSE:MMM) has announced a dividend of $0.70 per share for the company's common stock for the fourth quarter of 2024.
On Tuesday, 3M (MMM) saw its stock prices drop because two of its business divisions reported a decrease in sales.
3M Company has shown a remarkable recovery with significant earnings growth and better profit margins, making it a possible long-term dividend payer despite previous challenges. The company is concentrating on innovation, especially in fast-growing areas like automotive and electronics, which helps speed up product development and improve efficiency. Strong free cash flow allows 3M to continue rewarding its shareholders with dividends and buybacks, even after reducing its dividend, indicating solid earnings quality.
The 3M Company (NYSE:MMM) will hold its Q3 2024 Earnings Call on October 22, 2024, at 9:00 AM ET. Key participants from the company include Bruce Jermeland, Bill Brown, and Anurag Maheshwari. Various analysts from different financial institutions will also be joining the call.
In its third-quarter results for 2024, 3M announced a revenue increase of 0.4% compared to the same period last year.
Sales reached $6.3 billion, showing a 0.4% increase compared to last year. Adjusted sales were $6.1 billion, with organic growth at 1.0% year-over-year. The GAAP EPS from ongoing operations was $2.48, a rise of 154% from the previous year, while the adjusted EPS was $1.98, up 18% year-over-year.
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