Analysts boosted the price target for 3M Company MMM following yesterday's strong third-quarter results.
Shares of 3M (MMM) lost ground Tuesday as two of the diversified products maker's units posted sales declines.
3M Company's impressive recovery, marked by strong earnings growth and improved margins, positions it as a potential long-term dividend grower despite past setbacks. The company's focus on innovation, particularly in high-growth sectors like automotive and electronics, accelerates product development and operational efficiency. Robust free cash flow enables 3M to reward shareholders through dividends and buybacks, even after the dividend cut, signaling high-quality earnings.
3M Company (NYSE:MMM ) Q3 2024 Earnings Call October 22, 2024 9:00 AM ET Company Participants Bruce Jermeland - Senior Vice President, Investor Relations Bill Brown - Chief Executive Officer Anurag Maheshwari - Chief Financial Officer Conference Call Participants Scott Davis - Melius Research Andrew Obin - Bank of America Nigel Coe - Wolfe Research Jeff Sprague - Vertical Research Partners Julian Mitchell - Barclays Nicole DeBlase - Deutsche Bank Steve Tusa - JPMorgan Andy Kaplowitz - Citi Brett Linzey - Mizuho Securities Joe O'Dea - Wells Fargo Securities Joe Ritchie - Goldman Sachs Chris Snyder - Morgan Stanley Deane Dray - RBC Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to the 3M Third Quarter Earnings Conference Call.
3M reports revenue growth of 0.4% year over year in its third-quarter 2024 results.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 50 points on Tuesday.
While the top- and bottom-line numbers for 3M (MMM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
3M's stock rises toward a near 3-year high after another stellar earnings report.
3M Company MMM will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 22.
3M (NYSE: MMM), the diversified industrial giant known for its wide range of products, including adhesives and personal protective equipment, is set to release its third-quarter 2024 earnings on October 22, before the market opens.
3M (NYSE: MMM) will report its Q3 2024 results on Tuesday, October 22. We expect the company to post mixed results, with revenue of $6.12 billion and earnings of $1.88 per share, compared to the consensus estimates of $6.06 billion and $1.90, respectively.