MMM - 3M Company

NYSE - NYSE Delayed price. Currency in USD
178.15
+0.41 (+0.23%)
At close: 4:05PM EST
Stock chart is not supported by your current browser
Previous close177.74
Open178.49
Bid177.79 x 900
Ask178.15 x 1100
Day's range177.53 - 179.81
52-week range150.58 - 219.75
Volume2,544,461
Avg. volume2,584,545
Market cap102.445B
Beta (5Y monthly)N/A
PE ratio (TTM)21.13
EPS (TTM)N/A
Earnings date27 Jan 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est172.75
  • 3M (MMM) Slated to Report Q4 Earnings: What's in the Offing?
    Zacks

    3M (MMM) Slated to Report Q4 Earnings: What's in the Offing?

    3M's (MMM) fourth-quarter 2019 results are likely to reflect gains from buyouts, solid products and cost-saving actions. Forex woes and end-market weakness might have been spoilsports.

  • 3M (MMM) Stock Sinks As Market Gains: What You Should Know
    Zacks

    3M (MMM) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, 3M (MMM) closed at $178.03, marking a -0.76% move from the previous day.

  • Business Wire

    Post-it Brand Releases Innovative Post-it Flex Write Surface

    Post-it Brand releases Post-it Flex Write Surface, a removable whiteboard surface that can be used with both permanent and dry erase markers.

  • Near-Term View Bleak for Diversified Operations Industry
    Zacks

    Near-Term View Bleak for Diversified Operations Industry

    Near-Term View Bleak for Diversified Operations Industry

  • Business Wire

    3M Announces Upcoming Investor Event

    3M (NYSE: MMM) today announced the following investor event:

  • 3M (MMM) Gains But Lags Market: What You Should Know
    Zacks

    3M (MMM) Gains But Lags Market: What You Should Know

    3M (MMM) closed the most recent trading day at $180.92, moving +0.25% from the previous trading session.

  • Is Now The Time To Look At Buying 3M Company (NYSE:MMM)?
    Simply Wall St.

    Is Now The Time To Look At Buying 3M Company (NYSE:MMM)?

    Let's talk about the popular 3M Company (NYSE:MMM). The company's shares led the NYSE gainers with a relatively large...

  • Can 3M (MMM) Keep the Earnings Surprise Streak Alive?
    Zacks

    Can 3M (MMM) Keep the Earnings Surprise Streak Alive?

    3M (MMM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • The Zacks Analyst Blog Highlights: Apple, Amazon.com, Visa, salesforce.com and 3M Company
    Zacks

    The Zacks Analyst Blog Highlights: Apple, Amazon.com, Visa, salesforce.com and 3M Company

    The Zacks Analyst Blog Highlights: Apple, Amazon.com, Visa, salesforce.com and 3M Company

  • Top Research Reports for Apple, Amazon & Visa
    Zacks

    Top Research Reports for Apple, Amazon & Visa

    Top Research Reports for Apple, Amazon & Visa

  • 3M Completes Divestiture of Ballistic Protection Business
    Zacks

    3M Completes Divestiture of Ballistic Protection Business

    3M's (MMM) advanced-ballistic protection business divestment will enable it to concentrate on other businesses in Advanced Materials Division.

  • Business Wire

    3M Completes Sale of Advanced Ballistic-Protection Business

    3M today announced that it has completed the sale of the company’s advanced-ballistic protection business to Avon Rubber p.l.c. for $91 million, before closing and other adjustments. A further contingent consideration of up to $25 million is payable depending on the outcome of pending tenders.

  • The Zacks Analyst Blog Highlights: Exxon Mobil, Verizon, Chevron, Pfizer and 3M
    Zacks

    The Zacks Analyst Blog Highlights: Exxon Mobil, Verizon, Chevron, Pfizer and 3M

    The Zacks Analyst Blog Highlights: Exxon Mobil, Verizon, Chevron, Pfizer and 3M

  • 3M (MMM) Outpaces Stock Market Gains: What You Should Know
    Zacks

    3M (MMM) Outpaces Stock Market Gains: What You Should Know

    3M (MMM) closed at $176.42 in the latest trading session, marking a +0.34% move from the prior day.

  • 5 Dogs of the Dow for 2020
    Zacks

    5 Dogs of the Dow for 2020

    It may be all bark and no bite for Dogs of the Dow in 2019. But 2020 holds promise for them.

  • For FedEx, It Can Always Get Worse
    Bloomberg

    For FedEx, It Can Always Get Worse

    (Bloomberg Opinion) -- It can always get worse for FedEx Corp.Back in June, I wrote that the parcel-delivery company had managed to fall out of a basement window when it issued fiscal 2020 guidance that fell well short of already depressed expectations. Two guidance cuts later, it seems we’ve sunk below the foundation and are in the dirt with the worms.  The latest of these misses came after the close of trading on Tuesday, when  FedEx said it would earn no more than $11.50 a share in adjusted earnings and perhaps as little as $10.25. At the low end of the range, FedEx is facing an earnings slide nearly on par with what it experienced in 2009 amid the financial crisis. What’s worse is that its plan to fix this debacle rests largely on a “ just trust us” defense from a management team that continues to point the finger for its woes at a weak industrial economy and rising e-commerce costs — things that rivals United Parcel Service Inc. and DHL seem to have a much better handle on.The current quarter could still bring more disappointments, with FedEx not calling for a significant rebound in slumping profit margins at its ground unit until the last three months of its fiscal year, which ends in May. But FedEx chief financial officer Alan Graf proclaimed that the company was “at the bottom and we’re going to come up off the mat.” He may be right. Amazon.com Inc. stopped using FedEx to transport its own packages earlier this year and this week announced that it was banning the carrier from shuttling Prime packages for third-party merchants. While FedEx has said the impact to its revenue from the lost Amazon business is small, it’s still been a drag. The upside is that will make the comparisons easier in fiscal 2021. FedEx will also see the volume benefits from its rollout of seven-day delivery service, while a trade deal between the U.S. and China ( should one actually materialize) could boost the industrial sector and global economy. In the meantime, FedEx is reducing capacity at its Express air-delivery unit and plans to cut international and domestic flight hours by as much as 8%. It’s also planning a price increase on large packages in January and is trying to drive more volume from businesses, which tends to be more profitable than the e-commerce shipments it ferries to consumers’ doors.But these feel like the sort of things that should have been announced more than a year ago and could have helped the company avoid some of its present pain. It’s not like FedEx’s challenges only recently sprung up, so it’s hard to fathom how the company could be caught so flat-footed by the November quarter’s disappointments. And FedEx only reluctantly took responsibility for the shortfalls. It fielded three questions from three different analysts on why there was such a giant miss on operating margins before CEO Fred Smith acknowledged on the earnings call that FedEx probably underestimated some of the cost of standing up the seven-day-a-week delivery service. It’s hard to think of a parallel example where management credibility is so low and management seems completely oblivious to that fact, although 3M Co. comes to mind.For all this talk of a bottom, the real turnaround would likely come in fiscal 2022, when management says capital expenditures will decline significantly as it completes a replacement program for aging aircraft and at long last wraps up the costly and lengthy integration of its acquisition of European carrier TNT Express. The decline in spending will be a relief for investors who have been flummoxed by the lack of returns on the billions FedEx has spent upgrading its network over the past few years, but it still doesn’t answer the question of why that payoff has failed to materialize. One argument for FedEx’s severed relationship with Amazon is that as the e-commerce giant expanded its in-house logistics operations, it was only handing off the least profitable packages to third parties like FedEx. Troublingly, FedEx’s average yield in the ground business still declined by 0.1% in the fiscal second quarter even without the Amazon impact, while pricing power in the U.S. express business declined 0.3%.The best-case scenario is that this isn’t a structural shift, but an execution issue. At a company that’s repeatedly struggled with execution over the past few years, that doesn’t inspire a lot of faith.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Did You Manage To Avoid 3M's (NYSE:MMM) 14% Share Price Drop?
    Simply Wall St.

    Did You Manage To Avoid 3M's (NYSE:MMM) 14% Share Price Drop?

    The simplest way to benefit from a rising market is to buy an index fund. Active investors aim to buy stocks that...

  • 3M to Divest Drug Delivery Business to Altaris Capital Unit
    Zacks

    3M to Divest Drug Delivery Business to Altaris Capital Unit

    The divestment of 3M's (MMM) drug delivery business will enable the company to focus more on core health care business. This will also lead to a gain of 45 cents to 50 cents per share.

  • Business Wire

    3M to Divest Substantially All of Its Drug Delivery Business to Altaris Capital Partners

    3M today announced that it has entered into an agreement to sell substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC. Subject to closing and other adjustments, 3M will receive approximately $650 million in total consideration, including cash, an interest-bearing security, and a 17 percent noncontrolling interest in the new company.

  • Zacks

    Stock Market News for Dec 11, 2019

    U.S. stocks closed lower on Tuesday amid investors??? concern over a partial trade deal as the dateline for fresh U.S. tariff on China will end by this week end.

  • The Zacks Analyst Blog Highlights: Toyota, CVS, 3M, Gilead and Goldman
    Zacks

    The Zacks Analyst Blog Highlights: Toyota, CVS, 3M, Gilead and Goldman

    The Zacks Analyst Blog Highlights: Toyota, CVS, 3M, Gilead and Goldman

  • Top Stock Reports for Toyota, CVS Health & 3M
    Zacks

    Top Stock Reports for Toyota, CVS Health & 3M

    Top Stock Reports for Toyota, CVS Health & 3M