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MMM

3M Company

5/23/2013, 4:00 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 15, 8:54 AM 3M (MMM) declares $0.635/share quarterly dividend, in line with previous. Forward yield 2.30%. For shareholders of record May 24. Payable June 12. Ex-div date May 22. (PR) Comment! [Dividends]
Thursday, May 2, 8:28 AM 3M (MMM) decides to abandon its fly-fishing business and will sell a pair of brands it operates to sporting goods firm The Orvis for an undisclosed amount. The operations were fishes out of the water for the tech firm and shouldn't impact its full-year results by a meaningful amount. Comment! [Tech, Consumer]
Thursday, April 25, 8:28 AM More on 3M's (MMM) Q1 miss: The company took a 1.8% hit to sales due to "currency impacts". "Considering the stronger U.S. dollar … it is prudent to alter our outlook for 2013," notes CEO Inge Thulin. MMM sees FY2013 sales weaker by ~1.5% on foreign currency translation. EPS is now expected to be between $6.60-6.85 per share versus $6.70-6.95. Analysts expect $6.83. Shares -3% premarket. (PR) Comment! [Earnings, On the Move]
Thursday, April 25, 7:33 AM 3M (MMM): Q1 EPS of $1.61 misses by $0.04. Revenue of $7.6B (+2% Y/Y) misses by $0.21B. (PR) Comment! [Earnings, Breaking News]
Thursday, April 25, 12:05 AM Notable earnings before Thursday’s open: ABC, AIXG, ALK, ALXN, AME, ASPS, AVT, AZN, BC, BG, BIIB, BLL, BMS, BMY, BSX, BWA, CAB, CAM, CCE, CELG, CFX, CL, CMS, CNX, COP, CRR, CSH, D, DAN, DLX, DNKN, DO, DOW, DST, EQT, ESI, ETR, FAF, GPK, GTI, GTLS, HERO, HOG, HP, HSY, IDCC, IMAX, JBLU, KKR, KMT, LEA, LINE, LKQ, LLL, LUV, LVLT, MDP, MJN, MMM, MO, NBL, NLSN, NMM, NYT, O, ODFL, ORI, OXY, PCS, PDS, PH, PHM, POT, PRLB, PTEN, PVR, RCL, RDWR, RRD, RS, RTN, RYN, SCG, SIAL, SUI, SWK, SWY, TASR, TSRA, TWC, UAL, UPS, UTHR, WBC, XOM, YNDX, ZMH Comment! [Earnings]
Wednesday, April 24, 5:30 PM Notable earnings before Thursday’s open: ABC, AIXG, ALK, ALXN, AME, ASPS, AVT, AZN, BC, BG, BIIB, BLL, BMS, BMY, BSX, BWA, CAB, CAM, CCE, CELG, CFX, CL, CMS, CNX, COP, CRR, CSH, D, DAN, DLX, DNKN, DO, DOW, DST, EQT, ESI, ETR, FAF, GPK, GTI, GTLS, HERO, HOG, HP, HSY, IDCC, IMAX, JBLU, KKR, KMT, LEA, LINE, LKQ, LLL, LUV, LVLT, MDP, MJN, MMM, MO, NBL, NLSN, NMM, NYT, O, ODFL, ORI, OXY, PCS, PDS, PH, PHM, POT, PRLB, PTEN, PVR, RCL, RDWR, RRD, RS, RTN, RYN, SCG, SIAL, SUI, SWK, SWY, TASR, TSRA, TWC, UAL, UPS, UTHR, WBC, XOM, YNDX, ZMH Comment! [Earnings]
Friday, March 15, 7:34 PM If history is a guide, the markets may be due for a pullback, according to S&P Capital's Sam Stovall. Since World War II, Stovall says the median advance once the S&P hits its previous high after recovering from a bear market has been just 3%. But despite the ominous warning, there still may be some places to ride it all out. JPMorgan's chief U.S. equities strategist Tom Lee recently came up with 15 stocks that outperformed the S&P 500 in eight of the last 11 pullbacks since 2009: CAG, IBM, DIS, GPC, MMM, FISV, PAYX, PPG, SYY, SIAL, UNP, UTX, PX, L, and XRAY. 42 Comments [U.S. Economy]
Friday, March 15, 11:19 AM J.P. Morgan's Thomas Lee sees two distinctive style attributes that will help stocks outperform after the recent run-up: high free cash flow yields and - surprisingly - low dividend yields. Lee's screen produces 15 stocks investors can buy now: CAG, IBM, GPC, MMM, PAYX, UTX, SYY, PPG, PX, UNP, FISV, SIAL, XRAY, L, DIS. 6 Comments [Quick Ideas]
Tuesday, February 12, 6:08 PM Citigroup is out with another report anticipating U.S. energy independence by 2020, a time when "the bottom of today’s trading range ($90-$120/bbl) is going to be the top of the likely trading range" for crude oil. Among companies Citi mentions as big players and potential beneficiaries: CMI, NUE, ECA, CAT, DE, GE, MMM and SI. 2 Comments [Energy, Quick Ideas]
Wednesday, February 6, 1:56 PM 3M (MMM +1.2%) moves higher today as investors cheer yesterday's announcement of a dividend hike and share repurchase, plus the board of directors says it's elected Muhtar Kent, chairman of the board and CEO of Coca-Cola (KO), to it's board of directors, effective April 1, 2013. 2 Comments [On the Move]
Tuesday, February 5, 5:53 PM 3M Co (MMM) declares $0.635/share quarterly dividend, 8% increase from prior dividend of $0.59. Forward yield 2.50%. For shareholders of record Feb. 15. Payable Mar. 15. Ex-div date Feb. 13. The board authorized to repurchase shares up to $7.5B, replacing the existing repurchase program. Shares -0.7% AH. (PR) Comment! [Dividends]
Friday, January 25, 3:44 PM 3M (MMM +0.9%) realigns it's Canadian business structure to better serve its markets and its customers. The move is part of a global realignment set in motion at the beginning of the year. The new structure will be made up of five business groups: Consumer, Electronics & Energy, Health Care, Industrial, and Safety & Graphics. Previously, the business had six major segments. Read more detail on MMM's restructing in its earnings call transcript available here: Earnings Call Transcript. Comment! [Global & FX, Consumer, On the Move]
Thursday, January 24, 9:34 AM More on 3M (MMM -0.2%) Q4: net profit +3.9% to $$991M. operating income breakdown: healthcare +11%, consumer and office +29%, industrial & transportation -0.4%, display & graphics -3.6%, electronics and communications -6.5%. Cash holdings +30% to $2.88B. Affirms FY EPS forecast of $6.70-6.95 vs consensus of $6.85. Comment! [Earnings]
Thursday, January 24, 7:31 AM 3M (MMM): Q4 EPS of $1.41 in-line. Revenue of $7.4B (+4.2% Y/Y) beats by $0.22B. (PR) Comment! [Earnings, Breaking News]
Thursday, January 24, 12:05 AM Notable earnings before Thursday’s open: ABC, ALK, ARG, AVT, BAX, BMY, BPOP, CELG, CY, DOV, EQT, ESI, ETN, FCS, GWW, JNS, JVA, KCG, KEY, LMT, LUV, MKC, MMM, MWW, NMM, NOK, ORI, PCP, QSII, RTN, RYN, SWK, TZOO, UAL, UNP, XRX Comment! [Earnings]
Wednesday, January 23, 5:30 PM Notable earnings before Thursday’s open: ABC, ALK, ARG, AVT, BAX, BMY, BPOP, CELG, CY, DOV, EQT, ESI, ETN, FCS, GWW, JNS, JVA, KCG, KEY, LMT, LUV, MKC, MMM, MWW, NMM, NOK, ORI, PCP, QSII, RTN, RYN, SWK, TZOO, UAL, UNP, XRX Comment! [Earnings]

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