3M (MMM) Stock Down Ahead of Q2 Earnings

NEW YORK (TheStreet) -- Shares of 3M  (MMM)  are falling 0.73% to $179.13 on Monday as the company expects to report its fiscal 2016 second quarter results before tomorrow's opening bell. 

Analysts project the Maplewood, MN-based technology company to post earnings of $2.07 per share on revenue of $7.71 billion.

3M reported earnings of $2.02 per share on revenue of $7.7 billion for the second quarter in 2015. 

Last month, the company recalled 7,500 vented hard hats meant to protect against electric shock. The products failed to prevent electric shock, but didn't cause any reported incidents or injuries as a result of use. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate 3M CO as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

You can view the full analysis from the report here: MMM

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