3M Company (MMM) is set to announce its Q116 earnings before the open. Analysts expect the diversified tech company to report earnings per share of $1.92 and revenue of $7.33 billion. That would be $0.26 higher the $1.66 per share posted last quarter and $0.07 higher the $1.85 posted in the Q115. Revenue is projected to be $270 million lower than the $7.6 billion posted in the same period a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $1.95 per share.
As a quick reminder, 3M reported Q415 EPS of $1.66, $0.03 better than the Street’s consensus estimate of $1.63. Revenue decreased 5.44% year-over-year to $7.3 billion versus the $7.21 billion consensus.
MMM Stock Valuation Metrics
3M shares are priced at 22.21x this year’s forecasted earnings, compared to the industry’s 16.44x earnings multiple. The company’s current year and next year EPS growth estimates stand at 8.70% and 8.60% compared to the industry growth rates of 3.50% and 6.90%, respectively. MMM stock has a t-12 price-to-sales ratio of 3.37. EPS for the same period registers at $7.58.
3M recently traded at $168.38, a loss of $0.28 over Monday’s closing price. The name has a current market capitalization of $102.01 billion. As for passive income investors, the St. Paul, Minnesota-based company pays shareholders $4.44 per share annually in dividends, yielding 2.63%. Five year average dividend yield currently stands at 2.36%.
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