|Bid||129.74 x 800|
|Ask||129.78 x 1400|
|Day's range||127.96 - 130.99|
|52-week range||125.60 - 203.21|
|Beta (5Y monthly)||0.92|
|PE ratio (TTM)||13.51|
|Earnings date||25 Jul 2022 - 29 Jul 2022|
|Forward dividend & yield||5.96 (4.64%)|
|Ex-dividend date||19 May 2022|
|1y target est||153.28|
With the second quarter having come to a close, it's time to look at what industrial giant 3M (NYSE: MMM) might report in its results and what investors can expect for the rest of the year from the company. The company continues to face a challenging year, and as discussed previously, I don't think the 4.6% dividend yield is enough reason to buy the stock -- not least because 3M probably has some more bad news to report in 2022. In contrast, 3M's management elected to maintain full-year guidance for organic revenue growth of 2% to 5% and adjusted earnings per share of $10.75-$11.25 in its first-quarter earnings call.
Military veterans have filed suit against 3M over faulty earplugs. The cases could result in a multimillion-dollar settlement.
3M's (MMM) portfolio restructuring actions are expected to help the company focus on its core business areas and drive growth.