Previous close | 129.21 |
Open | 129.50 |
Bid | 129.74 x 800 |
Ask | 129.78 x 1400 |
Day's range | 127.96 - 130.99 |
52-week range | 125.60 - 203.21 |
Volume | |
Avg. volume | 2,954,480 |
Market cap | 73.887B |
Beta (5Y monthly) | 0.92 |
PE ratio (TTM) | 13.51 |
EPS (TTM) | 9.61 |
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.