3M (NYSE:MMM) Releases FY25 Earnings Guidance

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

3M Trading Up 1.5 %

Shares of 3M stock opened at $149.14 on Thursday. 3M has a fifty-two week low of $75.40 and a fifty-two week high of $152.08. The stock has a 50 day moving average of $131.73 and a 200 day moving average of $128.53. The firm has a market capitalization of $81.21 billion, a price-to-earnings 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 quick ratio of 1.08 and a current ratio of 1.43.

3M (NYSE:MMM) last released its quarterly earnings results on Tuesday, January 21st. The conglomerate reported $1.68 EPS for the quarter, topping 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 business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5,770,390 billion. During the same period last year, the business posted $2.42 earnings per share. The company’s quarterly revenue was down 25.0% on a year-over-year basis. As a group, research analysts predict that 3M will post 7.66 earnings per share for the current year.

3M Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders 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 dividend yield of 1.88%. The ex-dividend date was Friday, November 15th. 3M’s dividend payout ratio is presently 37.09%.

Analyst Upgrades and Downgrades

MMM has been the subject of a number of research analyst reports. Citigroup upped their price target on 3M from $142.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays upped their price target on 3M from $161.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of 3M in a report on Saturday, January 18th. Mizuho upped 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. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $96.00 price target on shares of 3M in a report on Wednesday. Two research 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. According to MarketBeat.com, the stock presently has an average 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.