3M (NYSE:MMM) Releases FY 2026 Earnings Guidance

3M (NYSE:MMM) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 8.800-8.950 for the period, compared to the consensus estimate of 8.710. The company issued revenue guidance of $23.2 billion-$25.4 billion, compared to the consensus revenue estimate of $25.1 billion.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MMM shares. Sanford C. Bernstein initiated coverage on shares of 3M in a report on Tuesday, June 9th. They set an “underperform” rating and a $131.00 price objective on the stock. Jefferies Financial Group boosted their target price on shares of 3M from $170.00 to $175.00 and gave the company a “hold” rating in a report on Monday, June 29th. HSBC upped their price target on shares of 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings downgraded shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Finally, The Goldman Sachs Group upgraded shares of 3M to a “buy” rating and set a $190.00 price target on the stock in a report on Monday, June 15th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $169.43.

3M Stock Performance

NYSE MMM opened at $159.60 on Tuesday. The firm has a market capitalization of $83.24 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.25 and a beta of 1.02. 3M has a 1-year low of $139.34 and a 1-year high of $177.41. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.19. The business’s 50-day simple moving average is $156.43 and its 200-day simple moving average is $156.09.

3M (NYSE:MMM) last issued its earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.16. The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.04 billion. 3M had a return on equity of 104.75% and a net margin of 11.14%.The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 EPS. Equities analysts predict that 3M will post 8.74 EPS for the current year.

3M Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 22nd were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, May 22nd. 3M’s payout ratio is 60.12%.

Hedge Funds Weigh In On 3M

A number of hedge funds have recently made changes to their positions in MMM. American Trust raised its stake in shares of 3M by 3.4% during the fourth quarter. American Trust now owns 1,803 shares of the conglomerate’s stock valued at $289,000 after acquiring an additional 60 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV grew its stake in shares of 3M by 1.0% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,045 shares of the conglomerate’s stock worth $938,000 after purchasing an additional 61 shares during the last quarter. Williams Jones Wealth Management LLC. increased its holdings in 3M by 2.4% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 3,250 shares of the conglomerate’s stock valued at $520,000 after purchasing an additional 75 shares during the period. Bank of Jackson Hole Trust increased its holdings in 3M by 12.5% during the 4th quarter. Bank of Jackson Hole Trust now owns 821 shares of the conglomerate’s stock valued at $131,000 after purchasing an additional 91 shares during the period. Finally, Triumph Capital Management raised its position in 3M by 6.8% during the 3rd quarter. Triumph Capital Management now owns 1,565 shares of the conglomerate’s stock valued at $243,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About 3M

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M’s businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).