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 (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.

3M Trading Up 1.3 %

NYSE:MMM opened at $141.02 on Tuesday. The firm has a market capitalization of $76.80 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.30 and a beta of 0.95. 3M has a 1-year low of $75.40 and a 1-year high of $141.66. The business’s 50-day moving average price is $131.40 and its two-hundred day moving average price is $128.20. 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 (NYSE:MMM) last released its quarterly earnings data 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. 3M had a net margin of 15.37% and a return on equity of 104.66%. The business 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 earned $2.42 EPS. 3M’s quarterly revenue was down 25.0% compared to the same quarter last year. On average, equities analysts expect that 3M will post 7.28 earnings per share for the current year.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, November 15th. 3M’s dividend payout ratio (DPR) is 35.35%.

Wall Street Analyst Weigh In

MMM has been the subject of a number of research analyst reports. Melius raised 3M from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on 3M from $165.00 to $162.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. UBS Group upgraded shares of 3M from a “neutral” rating to a “buy” rating and raised their target price for the stock from $130.00 to $184.00 in a report on Wednesday, November 13th. Wells Fargo & Company upped their price target on shares of 3M from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of 3M in a research report on Saturday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.