3M (NYSE:MMM) Updates FY25 Earnings Guidance

3M (NYSE:MMM) updated its FY25 earnings guidance on Tuesday. 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.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MMM. Mizuho raised their price target on 3M from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Bank of America lifted their target price on shares of 3M from $143.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Melius raised shares of 3M from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price objective on 3M from $165.00 to $162.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada lowered their target price on 3M from $100.00 to $96.00 and set an “underperform” rating on the stock in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $144.13.

3M Stock Up 1.3 %

NYSE MMM opened at $141.02 on Tuesday. 3M has a fifty-two week low of $75.40 and a fifty-two week high of $141.66. The business has a fifty day moving average price of $131.40 and a two-hundred day moving average price of $128.20. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.43 and a quick ratio of 1.08. The stock has a market capitalization of $76.80 billion, a PE ratio of 17.81, a PEG ratio of 2.30 and a beta of 0.95.

3M (NYSE:MMM) last released its quarterly earnings data on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.02. The business had revenue of $6.01 billion for 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%. 3M’s revenue was down 25.0% compared to the same quarter last year. During the same period last year, the firm posted $2.42 earnings per share. Equities 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, November 15th. 3M’s payout ratio is 35.35%.

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.