3M (NYSE:MMM) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 24th. Analysts expect 3M to post earnings of $2.52 per share for the quarter.
3M (NYSE:MMM) last issued its quarterly earnings data on Thursday, January 25th. The conglomerate reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.07. The firm had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $7.85 billion. 3M had a net margin of 15.35% and a return on equity of 48.34%. 3M’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $1.88 EPS. On average, analysts expect 3M to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.
Shares of NYSE:MMM opened at $217.75 on Monday. The stock has a market capitalization of $129,670.13, a P/E ratio of 23.75, a PEG ratio of 2.03 and a beta of 1.14. 3M has a fifty-two week low of $190.59 and a fifty-two week high of $259.77. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 1.86.
In other news, EVP Frank R. Jr. Little sold 3,133 shares of 3M stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $236.85, for a total value of $742,051.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Nicholas C. Gangestad sold 1,681 shares of 3M stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $249.76, for a total transaction of $419,846.56. Following the completion of the transaction, the chief financial officer now directly owns 23,562 shares in the company, valued at approximately $5,884,845.12. The disclosure for this sale can be found here. Insiders have sold a total of 52,806 shares of company stock worth $13,162,628 over the last 90 days. 0.58% of the stock is owned by insiders.
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3M Company Profile
3M Company operates as a diversified technology company worldwide. The company's Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products.
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