3M Company (NYSE:MMM) will release earnings for its second quarter before the opening bell on Tuesday, July 21.
Analysts expect the company to report quarterly earnings of $2.25 per share, up from $2.16 per share in the year-ago period. The consensus estimate for 3M’s quarterly revenue is $6.41 billion. It reported $6.16 billion last year, according to Benzinga Pro.
Ahead of quarterly earnings, JP Morgan analyst Chigusa Katoku, on Friday, upgraded 3M from Neutral to Overweight and raised the price target from $178 to $180.
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 1.95%, which is a quarterly dividend amount of 78 cents per share ($3.12 a year).
To figure out how to earn $500 monthly from 3M, we start with the yearly target of $6,000 ($500 x 12 months).
