3M Company has seen a 1.1% drop in stock price following disappointing quarterly results, marked by a decrease in adjusted profits due to waning demand for N95 masks as pandemic conditions ease. The company also faces escalating costs tied to the Ukraine conflict and ongoing supply chain challenges. Despite exceeding earnings expectations with $2.65 per share, 3M anticipates a slowdown in sales growth for 2022, forecasting earnings per share to take a 45-cent hit.
“3M · stock fell · 1.1% · true”
“3M (NYSE:MMM) · stock fell · reported a fall in quarterly adjusted profit · 1.1%”
“3M · collaborates with · Innovative Automation Inc. · provide industrial manufacturers with an automated solution for tape applications”
“3M (MMM) · holds · Zacks Rank · #3 (Hold)”
“3M (MMM) · holds · Value Style Score · B”
“3M (MMM) · holds · VGM Score · A”
“3M (MMM) · trades at · forward P/E · 13.8X”
“3M (MMM) · has · PEG Ratio · 1.5”
“3M (MMM) · has · Price/Cash Flow ratio · 10.9X”
“3M (MMM) · has · Price/Sales ratio · 2.4X”
“3M (MMM) · holds · average earnings surprise · 13.8%”
“3M Food Safety · was named · 2022 Edison Awards gold winner · in the Commercial Technology category for its 3M™ Petrifilm™ Plate Reader Advanced”