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3M COMPANY

(MMM)
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Delayed Quote. Delayed Nyse - 07/26 04:02:33 pm
173.98 USD   -2.33%
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3M : discloses internal probe into China-linked marketing

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07/26/2019 | 02:37pm EDT
The logo of Down Jones Industrial Average stock market index listed company 3M

(Reuters) - Post-It maker 3M Co said on Friday it was investigating potential violations of the U.S. Foreign Corrupt Practices Act or other anti-corruption laws related to certain business groups in China.

"The company, through its internal processes, discovered certain travel activities and related funding and record keeping issues raising concerns, arising from marketing efforts by certain business groups based in China," 3M said in a regulatory filing.

The company said it had disclosed the investigation to the U.S. Department of Justice and the Securities and Exchange Commission and is cooperating with both agencies. (http://bit.ly/30RT7oe)

3M said it had retained outside counsel and a forensic accounting firm to assist with the investigation.

The disclosure comes a day after the company posted a quarterly profit that beat estimates.

Shares of the company fell 2.6% to $173.42.

(Reporting by Tamara Mathias in Bengaluru; Editing by Anil D'Silva)

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Financials (USD)
Sales 2019 32 537 M
EBIT 2019 7 222 M
Net income 2019 5 023 M
Debt 2019 11 791 M
Yield 2019 3,23%
P/E ratio 2019 20,4x
P/E ratio 2020 17,1x
EV / Sales2019 3,44x
EV / Sales2020 3,30x
Capitalization 100 B
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Technical analysis trends 3M COMPANY
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 18
Average target price 180,69  $
Last Close Price 173,98  $
Spread / Highest target 15,0%
Spread / Average Target 3,86%
Spread / Lowest Target -17,8%
EPS Revisions
Managers
NameTitle
Michael F. Roman Chief Executive Officer & Director
Inge G. Thulin Executive Chairman
Julie L. Bushman Executive Vice President-International Operations
Nicholas C. Gangestad Chief Financial Officer & Senior Vice President
Eric D. Hammes Senior Vice President-Information Technology
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