148.20 +0.07 (0.05%)
After hours: 7:56PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||147.52 - 149.95|
|52-week range||123.03 - 165.13|
|PE ratio (TTM)||69.22|
|Earnings date||20 Apr 2018|
|Forward dividend & yield||2.98 (2.03%)|
|1y target est||172.06|
The latest data as of March 29, 2018, show that 3M’s (MMM) short interest has fallen. The bearish sentiment in the stock decreased after the stock went through a correction after reaching an all-time high of $258.63. The short interest fell to 1.2% as of March 29, 2018.
3M (MMM) is expected to post an adjusted EPS (earnings per share) of $2.51 in 1Q18—an increase of 16.2% compared to 1Q17. In 1Q17, 3M reported an adjusted EPS of $2.16. If 3M can beat Wall Street analysts’ expectations, it would continue its trend of beating the estimates in every quarter last year.
Conglomerates is one of the few sectors set to see an earnings decline this season. Read to know how we expect companies like General Electric (GE) and Honeywell (HON) to fare.
Honeywell (HON) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Honeywell International (HON) announces the availability of Aspire 400, its newest satellite communications system.
Honeywell's (HON) solid prospects and impressive performance by its Materials and Technologies segments are likely to boost the company's upcoming quarterly results.
There was a time when GE Capital paid dividends to General Electric (GE). After some significant disclosures, GE took a $6.2 billion hit in GE Capital’s insurance portfolio. GE also declared that it would inject $15.0 billion into the Capital business’s reserves over the next seven years.
A series of financial miscalculations have marred General Electric (GE) stock recently. Among all major industrial (IYJ) companies, GE still evokes the highest levels of investor anxiety. Industrial majors Koninklijke Philips (PHG), 3M Company (MMM), United Technologies (UTX), Honeywell International (HON), and Boeing (BA) have lower dividend yields compared to GE.
Let’s take a look at Thomson Reuters–surveyed analysts’ recommendations for General Electric (GE). Between GE’s 4Q17 earnings and its 1Q18 earnings, analysts have become more negative on its stock. Only one analyst (5.9%) recommends a “buy,” while eight analysts (47.1%) recommend “holds” on the stock.
A spate of financial surprises by General Electric (GE) has taken the investor community by surprise. Due to the implementation of new revenue recognition rules, the value of GE’s contract assets has been written off. Analysts polled by Thomson Reuters expect General Electric to report revenue of $27.4 billion in 1Q18.
As of April 13, 2018, Honeywell’s (HON) one-year forward PE (price-to-earnings) multiple was 18.3x. In comparison, peer United Technologies (UTX) had a one-year forward PE multiple of 17.4x. After Honeywell announced its 4Q17 earnings, its valuation touched a high of 20.8x. However, recent market volatility has pushed HON’s and UTX’s valuation downward.