Join        Login             Stock Quote

3M (MMM) Q4 2012 Earnings Preview

 January 22, 2013 04:57 PM

(By Balachander) Diversified technology company 3M Co. (NYSE: MMM) is expected to post a 4 percent increase in quarterly earnings per share (EPS) on an increase in revenue from new products.

Wall Street analysts, on average, expect MMM to earn $1.41 a share and revenue growth of 1.30 percent to $7.18 billion for the fourth quarter ended December.

3M, with 2011 sales of $29.61 billion, operates in six business segments: Consumer and Office, Electro and Communications, Health Care, Display and Graphics, Safety, Security and Protection Services and Industrial and Transportation.

The company last month affirmed its 2012 EPS forecast of $6.27 to $6.35, while Wall Street analysts expect $6.32 on revenue of $29.8 billion. 3M anticipates 2013 EPS of $6.70 to $6.95, while analysts expect $6.85.

[Related -Invest In Stocks With A Margin Of Safety To Reduce Risk And Enhance Returns]

"While 3M's innovation-driven growth model remains strong with sales from new products a record 33 percent in '12E (vs 32 percent in '11 and 21 percent in '05), with global growth remaining subdued and valuation a fair 13.6x '13E EPS, we maintain our Hold," Deutsche Bank wrote in a note last month.

During the current month, four analysts have recommended MMM as a "Strong Buy" and three analysts gave "Buy" rating,  while 10 analysts gave a "Hold" rating on the stock. There is no analyst who recommends "Sell" on the stock.

For the third quarter, the company's EPS increased 9 percent to $1.65, matching Wall Street projections. Earnings attributable to 3M grew 7.4 percent to $1.16 billion. Net sales declined 0.5 percent to $7.49 billion, while consensus estimate called in for a growth of 1.30 percent. Total operating income margins were 22.4 percent, with all of MMM's six business segments recording above 21 percent.

[Related -Four Characteristics Of Successful Dividend Investors]

Shares have been trading in the 52-week range of $81.99 to $99.22.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageTwo Picks to Play Defense in a Slowing Economy

Is the economy slowing? Last Thursday the Institute for Supply Management (ISM) reported that its read on...

article imageUS Jobless Claims Fall, Moving Closer To Multi-Decade Low… Again

US jobless claims continue to cast a positive glow on the outlook for the labor market. Today’s weekly read on...

article imageLong-term Relationships and Credit Scores

Unlike many commentators, I tend to think credit scores are a good read on...

article imageIn Defense Of Rolling Return Charts

Robeco’s Lukas Daalder has a bit of an issue with rolling-performance graphics. Bashing a recent chart of read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.