3M Company (MMM) has been garnering investor attention due to various factors. The company set its Q4 2024 earnings call date and there is speculation about its financial updates. The company has been laying the groundwork for margin expansion contributing to
rebound in 3M stock. The board declared quarterly dividends, however, had one of the biggest dividend cuts and suspensions in 2024. Due to persistent litigation risks and stagnant sales growth, the company has been downgraded. The
stock trading has been declared a premium offering with different views regarding buying, selling or holding. The company recorded a 36% return on equity. 3M has seen a significant dip compared to the broader market. Despite this, the company’s shares rose 23.4% within six months, and simultaneously achieved a two-year high. A further detail showed the company's stock jumped by 20% based on strong earnings and guidance. The company maintains its $0.70 dividend, extending a
100+ year payment streak. Though the company's Q3 earnings were better than estimates, sales in two of its units dropped. Importantly, 3M recently completed the spin-off of Solventum with lifetime earning prospects of $100 per month.
3m Company MMM News Analytics from Mon, 01 Apr 2024 07:00:00 GMT to Fri, 10 Jan 2025 15:42:00 GMT -
Rating 7
- Innovation 1
- Information 8
- Rumor 5
