3M (NYSE:MMM) Releases FY25 Earnings Guidance

3M (NYSE:MMM) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $7.60-7.90 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Mizuho upped their target price on 3M from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Barclays boosted their price target on 3M from $161.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group upgraded 3M from a “neutral” rating to a “buy” rating and boosted their price target for the company from $130.00 to $184.00 in a research note on Wednesday, November 13th. Royal Bank of Canada reiterated an “underperform” rating and set a $96.00 price target on shares of 3M in a research note on Wednesday. Finally, Melius upgraded 3M from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, 3M presently has an average rating of “Moderate Buy” and a consensus target price of $148.87.

3M Price Performance

Shares of 3M stock opened at $149.14 on Thursday. The business has a 50 day simple moving average of $131.73 and a two-hundred day simple moving average of $128.53. 3M has a 12 month low of $75.40 and a 12 month high of $152.08. The stock has a market capitalization of $81.21 billion, a P/E ratio of 19.75, a PEG ratio of 2.42 and a beta of 0.95. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.43 and a quick ratio of 1.08.

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 return on equity of 97.19% and a net margin of 15.71%. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5,770,390 billion. During the same quarter last year, the firm earned $2.42 earnings per share. The business’s revenue for the quarter was down 25.0% on a year-over-year basis. As a group, analysts predict that 3M will post 7.66 EPS for the current fiscal year.

3M Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.80 annualized dividend and a dividend yield of 1.88%. 3M’s dividend payout ratio is presently 37.09%.

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.