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

3M (NYSE:MMM) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 7.600-7.900 for the period, compared to the consensus EPS 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

NYSE MMM opened at $149.14 on Thursday. 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 12-month low of $75.40 and a 12-month high of $152.08. The company has a market capitalization of $81.21 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.42 and a beta of 0.95. The firm’s 50 day moving average is $131.73 and its 200-day moving average is $128.53.

3M (NYSE:MMM) last posted 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. 3M had a net margin of 15.71% and a return on equity of 97.19%. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5,770,390 billion. During the same period last year, the company earned $2.42 earnings per share. The firm’s revenue was down 25.0% compared to the same quarter last year. Equities research analysts anticipate that 3M will post 7.66 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.80 dividend on an annualized basis and a yield of 1.88%. 3M’s payout ratio is 37.09%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada reiterated an “underperform” rating and issued a $96.00 price objective on shares of 3M in a report on Wednesday. Bank of America upped their price objective on shares of 3M from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of 3M in a report on Saturday, January 18th. Barclays boosted their target price on shares of 3M from $161.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Citigroup boosted their target price on shares of 3M from $142.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.87.

About 3M

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.