3M (NYSE:MMM) Releases FY 2025 Earnings Guidance

3M (NYSE:MMM) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 7.600-7.900 for the period, compared to the consensus estimate of 7.800. The company issued revenue guidance of $23.7 billion-$24.0 billion, compared to the consensus revenue estimate of $24.3 billion. 3M also updated its FY25 guidance to $7.60-7.90 EPS.

Analyst Ratings Changes

A number of brokerages have commented on MMM. UBS Group upgraded shares of 3M from a “neutral” rating to a “buy” rating and boosted their price target for the company from $130.00 to $184.00 in a research note on Wednesday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of 3M in a report on Saturday. Melius upgraded 3M from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Barclays lowered their price objective on 3M from $165.00 to $161.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price objective on shares of 3M from $100.00 to $96.00 and set an “underperform” rating on the stock in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.13.

3M Stock Performance

Shares of NYSE MMM opened at $146.86 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.08 and a debt-to-equity ratio of 2.41. 3M has a 12 month low of $75.40 and a 12 month high of $150.00. The company has a 50 day simple moving average of $131.40 and a two-hundred day simple moving average of $128.20. The stock has a market cap of $79.98 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.30 and a beta of 0.95.

3M (NYSE:MMM) last announced its earnings results on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.02. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5,770,390 billion. 3M had a return on equity of 104.66% and a net margin of 15.37%. The business’s quarterly revenue was down 25.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.42 EPS. As a group, analysts predict that 3M will post 7.28 earnings per share for the current year.

3M Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, November 15th. 3M’s dividend payout ratio (DPR) is 35.35%.

3M Company Profile

3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.