3M Co (MMM) Releases Earnings Results, Beats Expectations By $0.03 EPS

3M Co (MMM) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.95 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $1.92. The company posted revenue of $7409.00 million in the period, compared to analysts expectations of $7326.17 million. The company’s revenue was down -2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS.

Many Wall Street Analysts have commented on 3M Co. Company shares were Reiterated by Jefferies on Apr 12, 2016 to “Buy”, Firm has raised the Price Target to $ 187 from a previous price target of $175 .Company shares were Reiterated by UBS on Mar 30, 2016 to “Buy”, Firm has raised the Price Target to $ 190 from a previous price target of $170 .

3M Co (MMM) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $169.09 and reached the intraday high at $169.76. The bulls started the profit booking and pushed the shares to intraday low of $167.85. The trading session was marked by a volume range of 18,02,263 shares exchanging hands. The 52-week high of the shares is $170.77 and the 52-week low is $134. The market cap of the company stands at $102,046 M and there are 60,50,38,190 shares in public circulation.

In a different news, on Apr 20, 2016, Michael F Roman (Executive Vice President) sold 1,500 shares at $170.00 per share price. According to the SEC, on Feb 19, 2016, Julie L Bushman (Senior Vice President) sold 12,068 shares at $156.67 per share price. On Feb 19, 2016, Gregory R Page (director) purchased 1,000 shares at $156.63 per share price, according to the Form-4 filing with the securities and exchange commission.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial which serves a range of markets such as automotive original equipment manufacturer (OEM) and automotive aftermarket electronics appliance paper and printing packaging food and beverage and construction; Safety and Graphics which serves a range of markets for the safety security and productivity of people facilities and systems; Electronics and Energy which serves customers in electronics and energy markets including solutions for electronic devices telecommunications networks electrical products power generation and distribution and infrastructure protection; Health Care which serves markets that include medical clinics and hospitals pharmaceuticals dental and orthodontic practitioners and health information systems and Consumer which serves markets that include consumer retail office retail home improvement building maintenance and other markets.

3M Co

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