3M Company (NYSE:MMM) is reporting second quarter financial results on Tuesday 28th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, MMM is expected to report 2Q20 income of $ 1.80 per share from revenue of $ 7322.09 million.
For the full year, analysts anticipate top line of $ 31045.40 million, while looking forward to income of $ 8.18 per share bottom line.
The Company Outlook
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 unveiled income for the first quarter of $ 2.16 per share, from the revenue of $ 8,075.00 million. The quarterly earnings reduced 24.29 percent while revenues compared with the same quarter last year.
Street analysts expected 3M Company to report income of $ 2.03 per share on revenue of $ 7,910.00 million for the first quarter. The bottom line results beat street analysts by $ 0.13 or 6.40 percent, at the same time, top line results outshined analysts by $ 165.00 million or 2.09 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MMM was $ 163.24, representing a 43.14 % increase from the 52 week low of $ 114.04 and a 10.58 % decrease over the 52 week high of $ 182.55.
The company has a market capital of $ 93.90 billion and is part of the Industrial Goods sector and Diversified Machinery industry.
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Recent Analyst recommendations
- On 7th July 2020, maintained by Barclays at Underweight rating, with $ 156.00 target price.
Recent Stock Dividend Announcement
On May 12, 2020, the board of directors authorized quarterly dividend of $ 1.47 per share to holders of record as of the close of business on May 22, 2020, with payment date of June 12, 2020 and ex-dividend date on May 21, 2020.
Conference Call
3M Company will be hosting a conference call at 9:00 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.3m.com
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.
