3M (NYSE:MMM) Updates FY25 Earnings Guidance

3M (NYSE:MMM) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $7.60-7.90 for the period, compared to the consensus earnings per share estimate of $7.78. The company issued revenue guidance of +0.5-1.5% yr/yr to $24.7-25.0 billion, compared to the consensus revenue estimate of $24.03 billion. 3M also updated its FY 2025 guidance to 7.600-7.900 EPS.

3M Trading Up 4.1 %

Shares of 3M stock opened at $146.86 on Wednesday. The firm has a market cap 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 fifty-two week low of $75.40 and a fifty-two week high of $150.00. The business’s fifty day moving average is $131.40 and its two-hundred day moving average is $128.20.

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

3M Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were issued 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 is currently 35.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MMM shares. Wells Fargo & Company boosted their price target on 3M from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of 3M in a report on Saturday. Melius Research upgraded 3M from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Tuesday, October 22nd. Royal Bank of Canada lowered their price target on shares of 3M from $100.00 to $96.00 and set an “underperform” rating for the company in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of 3M from $165.00 to $162.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, 3M presently has an average rating of “Moderate Buy” and a consensus 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.