3M (NYSE:MMM) will release its earnings data before the market opens on Thursday, January 25th. Analysts expect 3M to post earnings of $2.02 per share for the quarter. 3M has set its FY17 guidance at $9.00-9.10 EPS.
3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.12. The firm had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.93 billion. 3M had a net margin of 17.71% and a return on equity of 48.55%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 earnings per share. On average, analysts expect 3M to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
3M (MMM) opened at $248.11 on Thursday. The firm has a market cap of $147,780.00, a P/E ratio of 27.69, a P/E/G ratio of 2.43 and a beta of 1.10. The company has a current ratio of 2.07, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. 3M has a 52-week low of $173.55 and a 52-week high of $248.53.
In other news, insider Jon T. Lindekugel sold 400 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $230.06, for a total value of $92,024.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Nicholas C. Gangestad sold 4,004 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $233.84, for a total transaction of $936,295.36. Following the completion of the sale, the chief financial officer now owns 25,805 shares in the company, valued at approximately $6,034,241.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,804 shares of company stock worth $5,303,706. Corporate insiders own 0.58% of the company’s stock.
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3M Company Profile
3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.
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