3M Lowers 2019 Profit Estimates On Slowing China Demand
3M (MMM) just cut 2019 profit estimates and mentioned weakened demand from China. Now just 1% profit growth expected for 2019.
3M (MMM) just cut 2019 profit estimates and mentioned weakened demand from China. Now just 1% profit growth expected for 2019.
3M’s (MMM) 2019 profit estimates have declined from $11.49 to $11.42, $11.24 and $10.79 the last 4 qtrs, and that’s hurting the stock.
3M (MMM) stock has had an amazing decade as investors were impressed with its high dividend yield. Now MMM has come back to earth.
Shares of 3M (MMM) broke their uptrend last qtr as higher interest rates and a stronger dollar have made the shares less valuable in my eyes.
3M (MMM) is expected to grow profits 15% in 2018 as worldwide economies are growing strong. Lower taxes help too. But much of the good news is already priced into the stock.
3M (MMM) is having a barrer year. The stock is up 30% so far in 2017. But 2017’s success has left the stock extended with a valuation much higher than normal.
3M (MMM) beat the street and upped estimates two qtrs ago. The stock went higher. Then last qtr the company misses estimates. Thus the stock has declined.
3M (MMM) has a lot of things working in its favor, specifically a strong economy worldwide, a lower US dollar, and a lower tax rate. But the P/E is high.
3M (MMM) is back to growing sales for the first time since 2014. But with the stock at its highs already, is there enough juice in the tank to send MMM higher?
3M (MMM) is having its annual meeting today, and estimates profits will grow 4-8% in 2017. That’s not much growth for a stock with a 21 P/E.
Don’t waste your time researching 3m (MMM). Don’t even read this article. Just scroll down until either the stock or the P/E comes down 20%.
Cost cutting, acquisitions, and stock buybacks are helping 3M (MMM), which recently hit an all-time high. But the valuation is a bit rich for me.
3M (MMM) is paddling upstream and against the wind as it deals with a slow growing world economy and a strong dollar.
Like many large multinationals, 3M (MMM) can’t grow with this strong US dollar. The stocks are stuck.
3M (MMM) has top-notch safety and a fat dividend, but has 60% of sales outside the US and foreign exchange is hurting profits this year.