|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's range||198.37 - 201.10|
|52-week range||190.57 - 259.77|
|Beta (3Y Monthly)||1.18|
|PE ratio (TTM)||27.65|
|Earnings date||23 Oct 2018|
|Forward dividend & yield||5.44 (2.68%)|
|1y target est||213.56|
Wall Street expects 3M (MMM) to post adjusted EPS of $2.70 in the third quarter, an increase of ~15.9% compared to the third quarter of 2017. In the third quarter of 2017, 3M reported adjusted EPS of $2.33. Further, 3M has downgraded the top end of its adjusted EPS guidance twice.
The 3M Company (MMM), a diversified technology company, is expected to report record revenue for the third quarter. Wall Street expects 3M to report revenue of $8.39 billion in the quarter, an increase of 2.7% YoY (year-over-year). In Q3 2017, 3M reported revenue of ~$8.17 billion.
3M's (MMM) third-quarter 2018 results will gain from healthy segmental business, product-innovation and portfolio transformation initiatives amid inflation in raw material costs.
3M (MMM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
On October 10, Caterpillar (CAT) declared its latest quarterly dividend. Caterpillar has been paying dividends since 1933. Caterpillar has also announced the key dates for its third-quarter dividend payment.
3M Company (MMM) remained busy last week, launching two new products in different segments. On October 9, 3M launched SoluPrep Film-Forming Sterile Surgical Solution, a solution containing 2% chlorhexidine gluconate and 70% isopropyl alcohol, to fight surgical site infections caused by infectious bacteria around the surgical incision area.
Two important questions to ask before you buy 3M Company (NYSE:MMM) is, how it makes money and how it spends its cash. What is left after investment, determines the value Read More...
The analysts tracking 3M (MMM) seem to be increasing again. Currently, 17 analysts are actively tracking 3M. Analysts’ consensus on 3M indicates a target price of $211.50, which implies a marginal gain of 0.5% over the closing price as of October 9.
3M (MMM) is one of the companies that has been generating a constant FCF (free cash flow) for a period of time. The quantum of the FCF generated by 3M in the past six years was an average of $4.7 billion, which indicates that 3M’s FCF is very strong.
The company has more than 75 defined benefit plans in 27 countries. 3M’s pension benefit plans are calculated based on an employee’s years of service, compensation, and age at the point of retirement. 3M closed its primary defined pension benefits plan to new participants effective January 1, 2009.
In a press release from Caterpillar (CAT) on October 4, the company said that it was ranked 82nd in the latest Interbrand global brand top 100 rankings. In 2018, Caterpillar appeared in Interbrand’s rankings for the 17th consecutive year. Caterpillar has also been ranked as a top ten growing brand with an 18% increase for the year. Caterpillar remained positive for the week.
As of September 26, 3M’s (MMM) one-year forward PE multiple is 19.26x. In comparison, Honeywell (HON) and Stanley Black & Decker (SWK) have one-year forward PE multiples of ~18.5x and 15.60x, respectively. The forward PE multiple takes future earnings into consideration.
3M’s interest expense has increased naturally along with the higher debt. 3M’s interest expense increased significantly from $171 million in 2012 to $322 million in 2017, which includes charges of $96 million for early debt retirement. At the end of the second quarter, 3M’s interest expense was $176 million.
Previously in this series, we discussed 3M’s (MMM) debt position and its ability to service its debt. In this part, we’ll see if 3M’s free cash flow can help reduce its debt more. 3M has been generating positive free cash flows.
At the end of the second quarter, 3M’s (MMM) debt stood at $14.51 billion—a reduction of $1.6 billion from the first quarter. Since 2012, 3M’s debt has more than doubled. In the past six years, 3M’s debt has grown at a compound annual growth rate of 17.25%. The debt includes short-term borrowings, the current portion of long-term debt, and long-term debt.
In the latest short interest report on September 15, data indicated that 3M’s (MMM) short interest is showing signs of a slight upward trend. According to the latest report, 3M’s short interest was 1.28% of the outstanding shares—the highest in the past six weeks. 3M’s stock price has fallen from the high of $258.6 to the current level.
Analysts’ interest in 3M (MMM) has been increasing in the past three months. Among the 17 analysts, 30% recommended a “buy,” 47% recommended a “hold,” and 23% recommended a “sell.”
As of September 26, 3M (MMM) stock continued to trade sideways and remained in the red. On a year-to-date basis, 3M stock has declined 10.3%. 3M stock has fallen from the high of $258.6 to the current level.
On September 20, Cummins (CMI) entered into an agreement with Kamaz. Cummins, an engine manufacturer, has agreed to develop electrified power solutions for Kamaz’s battery-powered vehicles. Kamaz is a Russian manufacturer of Kamaz brand trucks and engines. The two companies are partnering to create electrified-power trucks and buses.
General Electric: Is There a Light at the End of the Tunnel? The clash intensified on September 24 when the US and China targeted each other with the biggest round of tariffs yet. China imposed new taxes of 5%–10% on $60.0 billion of US merchandise like clothes, auto parts, meat, and chemicals.
In the previous part of this series, we looked at Deere’s (DE) stock performance in 2018 so far. As of September 24, Deere’s one year forward PE multiple was 13.3x. Caterpillar (CAT) had a PE multiple of 12.3x.