3M: Analysts’ Views Vary before Its 3Q17 Earnings
As of October 17, 2017, 33% of the analysts recommended a “buy,” 47% recommended a “hold,” and 20% recommended a “sell” for 3M stock.
As of October 17, 2017, analysts expect 3M (MMM) to post EPS (earnings per share) of $2.21 in 3Q17, which represents an increase of 2.7% on a YoY basis.
As of October 17, 2017, analysts expect 3M (MMM) to post revenue of $7.93 billion in 3Q17—an increase of 2.80% on a year-over-year basis.
In a press release, 3M (MMM) said that it would announce its 3Q17 earnings on October 24, 2017, before the market opens at 8:00 AM CDT.
In the previous part of this series, we saw the different views and target prices brokerage firms have recommended. In this part, we’ll look into Sherwin-Williams’s valuations compared to peers.
As of October 16, 23 analysts are actively tracking Sherwin-Williams (SHW). Among them, 65% have recommended a “buy,” 35% have recommended a “hold,” and none have recommended a “sell.”
As of October 16, analysts are expecting Sherwin-Williams (SHW) to post adjusted earnings per share of $4.67 in 3Q17, an increase of 10.50% on a year-over-year basis.
As of October 16, analysts expect Sherwin-Williams (SHW) to post revenue of $4.44 billion, a rise of 35.40% on a year-over-year basis.
Sherwin-Williams (SHW) announced that it would release its 3Q17 earnings on October 24 before the market opens. Here’s what you need to know.
Axalta expects its 3Q17 adjusted EBITDA to be $205 million–$215 million. For fiscal 2017, the adjusted EBITDA is expected to be $870 million–$900 million.
On October 9, 2017, PPG Industries’ (PPG) glass-faced acrylic windshields received Parts Manufacturer Approval from the Federal Aviation Administration.
On October 10, 2017, Air Products and Chemicals (APD) announced that it would continue operating and maintaining Barrick’s oxygen plant in Elko, Nevada.
On October 12, 2017, PolyOne announced that it would pay a quarterly cash dividend of $0.175—a 30% increase on a YoY basis from $0.54 to $0.70.
Grace remained flat, fell 0.10%, and closed at $72.50 last week. Its stock traded 2.20% above the 100-day moving average price of $70.93.
It appears that the Kingsport incident had a negative impact on the stock. Eastman Chemical fell 2.60% and closed at $88.65.
On October 13, Praxair announced that it signed a long-term contract with Shanghai Huali Microelectronics. Praxair will build two new air separation plants.
On October 11, 2017, PPG Industries (PPG) was trading at a one-year forward PE multiple of 17.1x, compared with Sherwin-Williams’ (SHW) multiple of 22.5x.
PPG Industries (PPG) is actively being tracked by 22 analysts from different brokerage firms. Among these, 55% have recommended a “buy” for the stock.
As of October 11, 2017, analysts are expecting PPG Industries (PPG) to report adjusting EPS (earnings per share) of $1.55, which would be a 0.60% fall YoY.
As of October 10, analysts expect PPG Industries (PPG) to post revenues of $3.75 billion in 3Q17, which would be a decline of 1.1% over the previous year.