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

3M (NYSE:MMM) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 7.600-7.900 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

MMM has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price objective on 3M from $165.00 to $162.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Melius raised shares of 3M from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Melius Research upgraded shares of 3M from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Tuesday, October 22nd. Mizuho lifted their target price on 3M from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Barclays cut their price target on 3M from $165.00 to $161.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Two 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’s stock. According to data from MarketBeat, 3M currently has an average rating of “Moderate Buy” and a consensus target price of $144.13.

3M Stock Up 4.1 %

Shares of NYSE MMM opened at $146.86 on Wednesday. The firm has a fifty day moving average of $131.40 and a 200-day moving average of $128.20. The stock has a market capitalization of $79.98 billion, a PE ratio of 18.54, a P/E/G ratio of 2.30 and a beta of 0.95. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 2.41. 3M has a 52-week low of $75.40 and a 52-week high of $150.00.

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

3M Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were given a dividend of $0.70 per share. The ex-dividend date was Friday, November 15th. This represents a $2.80 annualized dividend and a dividend yield of 1.91%. 3M’s dividend payout ratio is presently 35.35%.

About 3M

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.