One of the key reasons that MMM stock has underperformed in the recent past is the slowdown of the global manufacturing sector. 3M sells products to manufacturers and, with the global manufacturing sector in recession, it was likely to be hurt by the sector’s struggles.
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Is 3m (MMM) a great stock for value investors?
Mar 02, 2022 · 3M Company ( NYSE: MMM) has seen a ~16.37% decline in its stock price since the beginning of this year. The stock is currently trading at ~14.46x FY2022 earnings and has a ~3.96% dividend yield ...
How do the long-term prospects of MMM technologies look?
Feb 24, 2022 · 3M reported solid fourth-quarter 2021 results. Its earnings surpassed estimates by 13.79% and sales exceeded the same by 0.08%. This is the company’s eighth consecutive quarter of earnings beat ...
Why is 3M stock down in 2022 and what's the outlook?
Aug 26, 2021 · 3M delivered solid second-quarter 2021 results. Its earnings surpassed estimates by 15.11% and sales exceeded the same by 4.82%. Its adjusted earnings in the reported quarter were $2.59 per share ...
What are the segments of MMM Corporation?
Feb 24, 2022 · Zacks. Feb. 24, 2022, 11:30 AM. It has been about a month since the last earnings report for 3M (MMM). Shares have lost about 14.7% in that time frame, underperforming the S&P 500.Will the recent ...
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Feb 26, 2018 · Buoyed by strong quarterly results and favorable growth dynamics, 3M raised its earlier guidance for 2018. The company currently anticipates earnings in the range of $10.20 to $10.70 per share, up ...
Why is 3M so low?
Is 3M a good stock to buy now?
Is MMM a good company?
What was the highest 3M stock ever?
Is MMM a Buy Sell or Hold?
What stock paid the highest dividend?
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Who is 3M What does the company do?
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 25.08% |
| 2 | Buy | 18.56% |
| 3 | Hold | 10.15% |
| 4 | Sell | 5.79% |
How many times has 3M stock split?
3M's Earnings and Revenues Surpass Estimates in Q4
3M reported solid fourth-quarter 2021 results. Its earnings surpassed estimates by 13.79% and sales exceeded the same by 0.08%. This is the company’s eighth consecutive quarter of earnings beat. Its adjusted earnings in the reported quarter were $2.31 per share, surpassing the Zacks Consensus Estimate of $2.03.
Sales Details
In the quarter under review, 3M’s net sales were $8,612 million, reflecting growth of 0.3% from the year-ago quarter.
Margin Profile
In the quarter under review, 3M’s cost of sales increased 7.1% year over year to $4,698 million. It represented 54.6% of net sales compared with 51.1% in the year-ago quarter. Selling, general and administrative expenses decreased 3.5% to $1,824 million. It represented 21.2% of net sales compared with 22% in the year-ago quarter.
Balance Sheet and Cash Flow
Exiting 2021, 3M had cash and cash equivalents of $4,564 million, reflecting a decrease from $4,878 million at the end of the last reported quarter.
Outlook
For 2022, 3M remains focused on investing in emerging end markets for driving long-term growth. Healthy cash flow generation, efforts to strengthen capital structure and sound capital allocation also remain its priorities.
Sales Details
In the quarter under review, 3M’s net sales were $8,950 million, reflecting growth of 24.7% from the year-ago quarter. The company’s net sales also surpassed the Zacks Consensus Estimate of $8,539 million. Results benefited from 21.4% year-over-year increase in organic sales and 4% gain from movements in foreign currencies.
Margin Profile
In the quarter under review, 3M’s cost of sales increased 24% year over year to $4,719 million. It represented 52.7% of net sales compared with 53% in the year-ago quarter. Selling, general and administrative expenses grew 9.5% to $1,746 million. It represented 19.5% of net sales versus 22.2% in the year-ago quarter.
Balance Sheet and Cash Flow
Exiting the second quarter, 3M had cash and cash equivalents of $4,695 million, reflecting increase from $4,636 million at the end of the last reported quarter.
Outlook
For 2021, 3M updated its projections. Adjusted earnings are expected to be $9.70-$10.10 per share. Sales are predicted to increase 7-10% year over year, with organic sales growth of 6-9%. The company also anticipates cash flow of $7.1-$7.7 billion from operating activities and capital expenditure of $1.8-$2.0 billion.
3M stock sinks toward longest losing streak in nearly 4 years
Shares of 3M Co. fell 0.8% in midday trading Wednesday, to put them in danger of suffering the longest losing streak in nearly four years, and on track for a 21-month closing low.
Analysts Are Downgrading These 10 Stocks
In this article, we discuss the 10 stocks that analysts are downgrading. If you want to skip our detailed analysis of these stocks, go directly to Analysts Are Downgrading These 5 Stocks. In late January, the United States Department of Commerce released Gross Domestic Product (GDP) numbers for the fourth quarter of 2021, reporting a […]
These 3 Stocks Just Declared Dividend Raises
Big names in the food and beverage, industrial, and pharmaceutical sectors are lifting their payouts.
Introduction
On January 30th, I published an article titled "How far could 3M fall?". Since that time, I've published over 20 articles examining how far other large-cap stocks in the industrial sector and the service sector could fall if there was a bear market or a recession.
The Price I'll Start Buying
As part of my analysis in January, I noted that the number of significant sell-offs 3M stock had experienced over the past five decades really surprised me. In fact, 3M has had fewer deep sell-offs than any of the 26 stocks I've covered in the "How far could they fall?" series of articles this year.
Current Owners
If I was a current owner of 3M and didn't need access to the funds invested in the stock for the next five years, I would probably hold on in order to see if this is a premature prediction of a market downturn. I've seen this a lot with cyclical stocks.
Potential Buyers
I'm in this category, and since I think there are two equally likely downside scenarios - one that includes a bear market without a recession and one that includes a bear market with a recession - I'm going to have two equally weighted entry points for the stock.
Investors Who Rotated Into JNJ
I think if I were a JNJ holder, I would wait to get closer to that 30% spread between the two stocks I originally thought could happen, and I probably wouldn't even get interested in rotating back into 3M until I saw a 20% spread open up between the two stocks.
Conclusion
It's hard to write bearish articles on quality companies when they are trading at all-time highs like 3M was in January, but the fact is sometimes quality businesses get overvalued by the market and it's a good idea to sell and rotate into more defensive positions, especially if we appear to be entering the later stages of the business cycle.
