3M Company (NYSE:MMM) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MMM to report 3Q20 income of $ 2.26 per share.
For the full year, analysts anticipate top line of $ 31840.30 million, while looking forward to income of $ 8.35 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 8,200.00 million ~ $ 8,300.00 million
Full Year 2020 bottomline are predicted in a range of $ 9.30 ~ $ 9.75 per share
Click Here For More Historical Outlooks Of 3M Company
Previous Quarter Performance
3M Company unwinded income for the second quarter of $ 1.78 per share, from the revenue of $ 7,176.00 million. The quarterly earnings fell 16.43 percent while revenues declined 12.18 percent compared with the same quarter last year.
Wall street analysts are predicting, MMM to report 2Q20 income of $ 1.80 per share from revenue of $ 7322.09 million. The bottom line results missed street analysts by $ 0.02 or 1.11 percent, at the same time, top line results fell short of analysts by $ 146.09 million or 2 percent.
Stock Performance
Shares of 3M Company traded low $ -0.91 or -0.53 percent on Friday, reaching $ 169.80 with volume of 1.71 million shares. 3M Company has traded high as $ 172.18 and has cracked $ 169.02 on the downward trend
According to the previous trading day, closing price of $ 169.80, representing a 49.69 % increase from the 52 week low of $ 114.04 and a 6.49 % decrease over the 52 week high of $ 182.55.
The company has a market capital of $ 97.81 billion and is part of the Industrial Goods sector and Diversified Machinery industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 173.00 target price.
- On 7th October 2020, upgraded by Gordon Haskett to Hold from Underperform rating.
- On 16th September 2020, maintained by Credit Suisse Group at Outperform rating, with $ 197.00 target price.
Recent Stock Dividend Announcement
On August 13, 2020, the board of directors authorized quarterly dividend of $ 1.47 per share to holders of record as of the close of business on August 24, 2020, with payment date of September 12, 2020 and ex-dividend date on August 21, 2020.
3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. The Safety & Industrial segment offers personal safety products, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules.
