3M Company (NYSE:MMM) will release earnings for the fourth quarter before the opening bell on Tuesday, Jan. 20.
Analysts expect the company to report fourth-quarter earnings of $1.80 per share. That’s up from $1.68 per share in the year-ago period. The consensus estimate for 3M’s quarterly revenue is $6.02 billion (it reported $5.81 billion last year), according to Benzinga Pro.
On Dec. 8, Deutsche Bank analyst Nicole Deblase downgraded 3M from Buy to Hold and lowered the price target from $199 to $178.
With the recent buzz around 3M, some investors may be eyeing potential gains from the company’s dividends too. As of now, 3M has an annual dividend yield of 1.71%, which is a quarterly …