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

3M (NYSE:MMM) issued an update on its FY 2025 earnings guidance on Tuesday morning. 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.

3M Price Performance

Shares of NYSE:MMM opened at $141.02 on Tuesday. The firm has a market capitalization of $76.80 billion, a PE ratio of 17.81, a PEG ratio of 2.30 and a beta of 0.95. 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 1-year low of $75.40 and a 1-year high of $141.66. The business’s 50 day moving average is $131.40 and its 200-day moving average is $128.20.

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

3M Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Friday, November 15th. 3M’s payout ratio is 35.35%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MMM. Melius raised 3M from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lifted their price objective on 3M from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. UBS Group upgraded shares of 3M from a “neutral” rating to a “buy” rating and boosted their target price for the company from $130.00 to $184.00 in a research note on Wednesday, November 13th. Melius Research upgraded shares of 3M from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada decreased their price objective on shares of 3M from $100.00 to $96.00 and set an “underperform” rating on the stock in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, 3M has an average rating of “Moderate Buy” and an average price target of $144.13.

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.