Post-Earnings Coverage - 3M Co.

LONDON, July 30, 2014 /PRNewswire/ --

Investor-Edge.com has issued complimentary post-earnings coverage on 3M Company (NYSE: MMM). The company was featured in the headlines on Thursday, July 24, 2014, for reporting an 11.7% year-over-year surge in diluted earnings per share (EPS) and 4.9% year-over-year growth in net sales during the second quarter of 2014. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview  

During the second quarter of 2014, 3M Co.'s reported a 4.8% year-over-year growth in organic local-currency sales. The company's operating income stood at $1.86 billion, while operating income margins improved 0.8  percentage points year-over-year to 22.8%. The global industrial conglomerate was able to convert 103% of its net income into free cash flow during the quarter. In the June 2014 quarter, 3M Co. paid $556 million in cash dividends to shareholders and repurchased $1.4 billion of its own shares. The free research on MMM can be downloaded as in PDF format at:

http://www.Investor-Edge.com/MMMFreeReport

Inge G. Thulin, 3M Co.'s Chairman, President and Chief Executive Officer, asserted that the positive organic sales growth across all businesses and geographic regions drove the company to achieve double digit EPS growth rate during the period. The company's Chairman further said that in addition to a strong operating performance, 3M Co. is also deploying capital more aggressively to both improve the business and to enhance shareholder returns. Further, Mr. Thulin referred to an announcement dated July 16, 2014, confirming that the Company has acquired the remaining 25% stake of Sumitomo- 3M's subsidiary in Japan for a purchase price of $885 million.

The Saint Paul, Minnesota-based company's quarterly net sales stood at $8.13 billion, above the $7.75 billion in the year-ago quarter and Bloomberg analysts' expectation of $8.08 million. Net income attributable to 3M Co. of $1.27 billion was above $1.20 billion reported in the prior year same quarter but marginally below market expectations of $1.28 billion. The company's earnings per diluted share of $1.91 overshadowed the $1.74 earnings per diluted share reported in the year-ago quarter but were in-line with Bloomberg consensus estimate. Sign up and read the free analyst's notes on MMM at:

http://www.Investor-Edge.com/MMM-30072014

Stock Performance  

On Thursday, July 24, 2014, a day after the earnings release, 3M Co.'s shares advanced 0.31% to close the session at $145.13. However, on Tuesday, July 29, 2014, the company's stock lost 1.04% to end the day at $144.02. Shares of 3M Co. vacillated between $143.99 and $146.27 during the session. A total of 2.29 million shares were traded, which was above its three months average volume of 1.97 million shares. Over the last one month and over the previous three months, 3M Co.'s shares have advanced 0.23% and 4.70%, respectively. Additionally, from the beginning of 2014, the stock has gained 2.69%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $143.69 is greater than its 200-day moving average of $135.12. 3M Co.'s stock traded at a PE ratio of 20.30 and has a Relative Strength Index (RSI) of 56.64. Visit Investor-Edge and access the latest research on MMM at:

http://www.Investor-Edge.com/MMMEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, 3M Company has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on MMM is available at:

http://www.Investor-Edge.com/MMMInsiderTrading

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Investor-Edge.com

SOURCE Investor-Edge

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED