FMP
Apr 30, 2024 1:03 PM - Davit Kirakosyan
Image credit: FMP
Shares of 3M Company (NYSE:MMM) climbed over 8% pre-market today after the company reported Q1 results that exceeded analyst expectations. The conglomerate recorded earnings per share of $2.39, beating the expected $2.10. Its revenue for the period reached $7.72 billion, surpassing the forecast of $7.63 billion. The operating margin showed a notable improvement, rising to 18.8% from 15.4% in the same quarter of the previous year.
For the full year of 2024, 3M set its earnings per share guidance in the range of $6.80 to $7.30, with the midpoint slightly above the market consensus of $7.00. The company is targeting an adjusted organic sales growth of 0% to 2%.
Additionally, 3M plans for its dividend payout ratio to represent about 40% of its adjusted free cash flow.
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...
Jun 6, 2024 2:47 AM - Parth Sanghvi
ROE vs. ROA: Which Metric is More Important for Investors? When evaluating a company's financial performance, investors often rely on various metrics to gauge profitability and efficiency. Two commonly discussed metrics are Return on Equity (ROE) and Return on Assets (ROA). Understanding the diff...
Jun 6, 2024 2:57 AM - Parth Sanghvi
When it comes to valuing an investment or a business, two of the most commonly used methods are Discounted Cash Flow (DCF) and Net Present Value (NPV). Both methods are essential tools in finance, but they serve slightly different purposes and are used in different contexts. This guide will explore ...