3M (NYSE:MMM) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

3M (NYSE:MMM) posted its earnings results on Tuesday. The conglomerate reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.02, Zacks reports. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5,770,390 billion. 3M had a return on equity of 104.66% and a net margin of 15.37%. The company’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.42 EPS. 3M updated its FY 2025 guidance to 7.600-7.900 EPS and its FY25 guidance to $7.60-7.90 EPS.

3M Stock Performance

Shares of MMM stock opened at $146.86 on Wednesday. The company has a market capitalization of $79.98 billion, a P/E ratio of 18.54, a P/E/G ratio of 2.30 and a beta of 0.95. 3M has a 12-month low of $75.40 and a 12-month high of $150.00. The business’s 50 day moving average is $131.40 and its two-hundred day moving average 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were given a $0.70 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.91%. 3M’s dividend payout ratio (DPR) is currently 35.35%.

Analysts Set New Price Targets

A number of research analysts have weighed in on MMM shares. Melius Research raised 3M from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Tuesday, October 22nd. Bank of America raised their target price on 3M from $143.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on 3M from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. reduced their target price on shares of 3M from $165.00 to $162.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of 3M in a research note on Saturday. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.