3M (NYSE:MMM) Updates FY25 Earnings Guidance

3M (NYSE:MMM) issued an update on its FY25 earnings guidance on Tuesday morning. 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 Stock Performance

NYSE:MMM opened at $141.02 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.08 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $76.80 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.95. The firm has a 50-day moving average price of $131.40 and a two-hundred day moving average price of $128.20. 3M has a twelve month low of $75.40 and a twelve month high of $141.66.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.02. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5,770,390 billion. 3M had a net margin of 15.37% and a return on equity of 104.66%. The company’s revenue was down 25.0% on a year-over-year basis. During the same period last year, the company posted $2.42 EPS. As a group, research analysts expect that 3M will post 7.28 earnings per share for the current fiscal year.

3M Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, November 15th. 3M’s dividend payout ratio is presently 35.35%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MMM. Melius upgraded shares of 3M from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Barclays cut their target price on 3M from $165.00 to $161.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Melius Research raised 3M from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their target price on shares of 3M from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, Royal Bank of Canada decreased their price objective on shares of 3M from $100.00 to $96.00 and set an “underperform” rating for the company in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, 3M currently has an average rating of “Moderate Buy” and an average target price of $144.13.

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.