3M (MMM) Q3 2024 Earnings Call Transcript
Welcome to the 3M third quarter earnings conference call. [Operator instructions] As a reminder, this call is being recorded Tuesday, October 22, 2024. I would now like to turn the call over to Bruce Jermeland,
3M (NYSE:MMM) Surprises With Q3 Sales
Industrial conglomerate 3M (NYSE:MMM) announced better-than-expected revenue in Q3 CY2024, but sales fell 21.5% year on year to $6.29 billion. Its non-GAAP profit of $1.98 per share was also 4.1% above analysts’ consensus estimates.
3M Q3 Earnings Preview
We estimate 3M’s valuation to be $117 per share, about 13% below its current price of $135. At its current levels, MMM stock is trading at 19x forward expected earnings of $7.21 in 2024. The 19x figure is higher than the stock’s average P/E ratio of 15x over the last three years.
3M Q3 earnings report today: Will it boost MMM stock?
M (NYSE: MMM), the diversified industrial giant known for its wide range of products, including adhesives and personal protective equipment, is set to release its third-quarter 2024 earnings on October 22,
Tesla (TSLA) Q3 2024 Earnings Call Transcript
Head of Investor Relations Good afternoon, everyone, and welcome to Tesla's third quarter 2024 Q&A webcast. My name is Travis Axelrod, head of investor relations, and I'm joined today by Elon Musk, Vaibhav Taneja,
Huhtamäki Oyj (HOYFF) Q3 2024 Earnings Call Transcript
Q3 2024 Earnings Conference Call October 24, 2024 2:30 AM ETCompany ParticipantsKristian Tammela – Vice President,
3M's shares slide to reverse earlier jump to 2-yr on earnings results
M’s (NYSE:MMM) shares touched a two-year high on Tuesday before falling as much as 3% after reporting quarterly results. U.S.
Hartford Investment Management Co. Sells 841 Shares of 3M (NYSE:MMM)
Hartford Investment Management Co. lessened its position in shares of 3M (NYSE:MMM – Free Report) by 2.4% in the third ...
3M raises annual profit forecast, explores sale of small businesses
M Co raised its full-year profit forecast on Tuesday after strong demand for roofing material, industrial adhesives and ...
3M: Multiple Expansion But Problems Linger
M beats Q3 earnings expectations with margin expansion, but faces financial risks from PFAS liabilities and stock buybacks.
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3M Co (MMM)’s Stock Plunge: What You Need to Know
On Tuesday, 3M Co (MMM) stock saw a decline, ending the day at $131.73 which represents a decrease of $-3.11 or -2.31% from the prior close of $134.84. The stock opened at $140.19 and touched a low of ...
3M Sees Unusually Large Options Volume (NYSE:MMM)
M (NYSE:MMM – Get Free Report) was the recipient of unusually large options trading on Tuesday. Investors bought 51,412 call ...
3M (MMM) Receives a Sell from RBC Capital
In a report released yesterday, Deane Dray from RBC Capital maintained a Sell rating on 3M (MMM – Research Report), with a price target ...
3M stock closes 2.3% lower on Tuesday
3M (MMM) closed at $131.73 on Tuesday, 2.3% lower on the day. The Minnesota-based company reported fiscal Q3 earnings on ...
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Melius Research Upgrades 3M (MMM)
Fintel reports that on October 22, 2024, Melius Research upgraded their outlook for 3M (NYSE:MMM) from Hold to Buy. Analyst ...