As a company that prides itself on investing in order to produce differentiated products -- a business model that implies pricing power -- it's very important that 3M demonstrates that it's capable of expanding its margin. 3M Company 2020 Q2 - Results - Earnings Call Presentation Tue, Jul. Company Participants. Cumulative Growth of a $10,000 Investment in Stock Advisor, The Key Number to Watch in 3M's Earnings @themotleyfool #stocks $MMM $FAST. See you at the top! Returns as of 11/11/2020. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. The conglomerate reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.17. On the other hand, there's real evidence of an improvement in the industrial economy, and management may well discuss the likelihood of customers rebuilding inventory -- and that would be good news for sales in the future.
Get daily stock ideas top-performing Wall Street analysts. An improvement in 3M's industrial-based sales might be balanced with some disappointment in healthcare, with overall margin taking a hit. Earnings 3M (NYSE:MMM) Earnings Information. Learn everything you need to know about successful options trading with this three-part video course. Engineer, investment manager and property developer. 3M stock has declined 16.7% year-to-date, while Honeywell International stock has fallen 23.4%. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Stock Advisor launched in February of 2002. The company hosts a conference call at 9 a.m. Eastern time. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. ", Third-quarter adjusted operating income margin would be "in the range of 20% to 21%. 3M Company (NYSE:MMM) Q3 2020 Earnings Conference Call October 27, 2020 9:00 AM ET. Bruce Jermeland - Vice President, Investor Relations. However, there is …
Phone: 651-737-6501 or 800-3M-HELPS 3M Investor Relations Department Bldg. The business earned $8.35 billion during the quarter, compared to the consensus estimate of $8.38 billion. Get short term trading ideas from the MarketBeat Idea Engine. Throw in a near-3.5% dividend yield and investors can expect to be rewarded with income while they wait for chief executive officer Mike Roman to engineer a turnaround in the company's prospects.
Unfortunately, it looks like 3M could have come under margin pressure in the quarter. The dark blue line represents the company's actual earnings per share. Identify stocks that meet your criteria using seven unique stock screeners. Is It Time to Buy Illinois Tool Works Stock? 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 To see all exchange delays and terms of use please see disclaimer. On the other, its margin guidance is disappointing, and there's evidence to suggest it could have come under increased pressure in the quarter.
See what's happening in the market right now with MarketBeat's real-time news feed. Find the latest Earnings Report Date for 3M Company Common Stock (MMM) at Nasdaq.com. The conglomerate reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.17. The key number to follow will be its operating margin. Market data powered by FactSet and Web Financial Group. Learn more. This compares to earnings of … ". 3M has generated $9.10 earnings per share over the last year and currently has a price-to-earnings ratio of 19.7. View our full suite of financial calendars and market data tables, all for free. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Michael Roman - Chairman, Chief Executive Officer. However, management argued that the margin achieved in the third quarter of 2019 isn't a good comparison because the sale of a building artificially boosted margin. Q2 2020 Earnings Conference Call. On the one hand, its sales guidance looks conservative, and the company may well benefit from an inventory build-up by its customers. Please log in to your account or sign up in order to add this asset to your watchlist. Here's what to look out for, and why it matters to the investment case. That's something likely to negatively impact margin, as a recovery in healthcare margin is seen as the key to 3M's general margin recovery. Image source: Getty Images. July 28, 2020 9:00 am ET. All rights reserved. The key question is whether the company is on the right track or not. 28 3M Company (MMM) CEO Michael Roman on UBS Global Industrials and Transportation Conference Transcript View which stocks are hot on social media with MarketBeat's trending stocks report. © American Consumer News, LLC dba MarketBeat® 2010-2020. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.
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