3M (MMM) Expected to Announce Quarterly Earnings on Tuesday

3M (NYSE:MMM - Get Free Report) is expected to announce its earnings results before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $1.67 per share and revenue of $5,770,390.00 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

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

3M Price Performance

Shares of MMM stock traded up $1.84 during trading on Friday, hitting $141.02. The company had a trading volume of 5,717,193 shares, compared to its average volume of 2,528,391. The stock's 50-day moving average is $131.24 and its two-hundred day moving average is $127.74. The stock has a market capitalization of $76.80 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 2.01 and a beta of 0.95. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 2.41. 3M has a 52 week low of $75.40 and a 52 week high of $141.66.

3M Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were paid a $0.70 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.80 dividend on an annualized basis and a yield of 1.99%. 3M's dividend payout ratio is presently 35.35%.

Analyst Upgrades and Downgrades

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