In the last trading session, 3.92 million 3M Co. (NYSE:MMM) shares changed hands as the company’s beta touched 0.95. With the company’s per share price at $95.54 changed hands at -$1.05 or -1.09% during last session, the market valuation stood at $52.87B. MMM’s last price was a discount, traded about -4.35% off its 52-week high of $99.70. The share price had its 52-week low at $71.35, which suggests the last value was 25.32% up since then. When we look at 3M Co.’s average trading volume, we note the 3-month average coming to 6.04 million.
3M Co. (NYSE:MMM) trade information
Instantly MMM was in red as seen at the end of in last trading. With action -1.01%, the performance over the past five days has been red. The drop to weekly highs of 99.70 subtracted -1.09% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.53%, with the 5-day performance at -1.01% in the red. However, in the 30-day time frame, 3M Co. (NYSE:MMM) is 3.93% up.
3M Co. (MMM) estimates and forecasts
Data shows that the 3M Co. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 21.75% over the past 6 months, a -21.75% in annual growth rate that is considerably lower than the industry average of -1.30%. Year-over-year growth is forecast to reach -25.10% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 5.87B. 8 analysts are of the opinion that 3M Co.’s revenue for the current quarter will be 6.07B. The company’s revenue for the corresponding quarters a year ago was 7.87B and 7.32B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -25.30%. The estimates for the next quarter sales put growth at -17.00%.
The 2024 estimates are for 3M Co. earnings to decrease by -2.44%, but the outlook for the next 5-year period is at -5.25% per year.
MMM Dividends
3M Co. is expected to release its next quarterly earnings report in June. The 6.29% annual yield figure for the share gives it an annual dividend of 6.01. It is important to note, however, that the 6.29% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
