3M (MMM) Earns News Impact Score of 0.19
News coverage about 3M (NYSE:MMM) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 3M earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the conglomerate an impact score of 46.9465212343449 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- 3M Lets the Good Times Roll (fool.com)
- 3M Co (MMM) to Post Q1 2018 Earnings of $2.42 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- Q1 2018 Earnings Forecast for 3M Co (MMM) Issued By William Blair (americanbankingnews.com)
- Qatar to agree to new financial disclosures for state owned-airline: U.S. officials (feeds.reuters.com)
- Stocks Get Lift From 3M Earnings, Caterpillar Recovers (thestreet.com)
Several equities analysts have recently commented on the stock. Royal Bank of Canada restated a “hold” rating and set a $254.00 price target on shares of 3M in a report on Thursday. UBS Group began coverage on shares of 3M in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $262.00 price objective for the company. Zacks Investment Research lowered shares of 3M from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Morgan Stanley lifted their price objective on shares of 3M from $190.00 to $201.00 and gave the company an “underweight” rating in a research note on Monday, October 2nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $221.00 price objective (up previously from $208.00) on shares of 3M in a research note on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $244.70.
3M (NYSE:MMM) last posted its earnings results on Thursday, January 25th. The conglomerate reported $2.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.07. The business had revenue of $7.99 billion for the quarter, compared to analysts’ expectations of $7.85 billion. 3M had a net margin of 15.35% and a return on equity of 48.34%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 earnings per share. equities research analysts forecast that 3M will post 9.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.10%. This is a boost from 3M’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, February 15th. 3M’s dividend payout ratio is currently 59.34%.
In other 3M news, CAO Ippocratis Vrohidis sold 1,725 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $230.34, for a total transaction of $397,336.50. Following the sale, the chief accounting officer now directly owns 898 shares of the company’s stock, valued at $206,845.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jon T. Lindekugel sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $230.06, for a total transaction of $92,024.00. The disclosure for this sale can be found here. Insiders have sold 8,129 shares of company stock worth $1,877,626 over the last ninety days. Insiders own 0.58% of the company’s stock.
3M Company Profile
3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.
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