3M Company (MMM) is set to report earnings for the third-quarter of 2015 Thursday before the opening bell. Wall Street analysts are on average expecting 3M to post $7.85 billion in sales during the quarter. This would show a 1.95% increase from the Q215 revenue of $7.7 billion and a decrease of 3.56% from the same period in Q314. EPS in Q315 are expected to come in at $2.01, a growth rate of 1.52% from $1.98 per share a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $2.01 per share.
As a quick reminder, 3M reported Q215 EPS of $2.02, $0.02 better than the Street’s consensus estimate. Revs declined 5.29% yoy to $7.7 billion versus the $7.83 billion consensus.
3M Co. recently traded at $150.52, a gain of $1.41 over Wednesday’s closing price. The name has a current market capitalization of $94.04 billion.
As for passive income investors, the company pays shareholders $4.10 per share annually in dividends, yielding 2.76%.
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