NYSE:MMMIndustrials
3M (MMM) Margin Compression Reinforces Valuation Concerns Raised by Investors
3M (MMM) reported a net profit margin of 13.7%, down from 15.9% a year ago, pointing to recent margin compression. Earnings have declined by an average of 23.1% per year over the past five years. Forecasts suggest 11.8% annual earnings growth going forward, which trails both the broader US market and sector revenue growth outlooks. With these numbers on the table, investors are weighing ongoing profit growth and perceived value against concerns such as financial health and dividend...