3M (NYSE:MMM) Posts Earnings Results, Beats Estimates By $0.02 EPS

3M (NYSE:MMM) announced its earnings results on Tuesday. The conglomerate reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.02, Zacks reports. 3M had a return on equity of 104.66% and a net margin of 15.37%. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5,770,390 billion. During the same quarter in the prior year, the business earned $2.42 earnings per share. The company’s revenue was down 25.0% on a year-over-year basis. 3M updated its FY 2025 guidance to 7.600-7.900 EPS and its FY25 guidance to $7.60-7.90 EPS.

3M Stock Performance

Shares of MMM stock opened at $141.02 on Tuesday. The stock has a 50-day moving average of $131.40 and a 200-day moving average of $128.20. 3M has a one year low of $75.40 and a one year high of $141.66. The stock has a market cap of $76.80 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.30 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 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 issued a $0.70 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.80 dividend on an annualized basis and a yield of 1.99%. 3M’s dividend payout ratio is presently 35.35%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MMM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of 3M in a research note on Saturday. Melius upgraded 3M from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their target price on 3M from $165.00 to $162.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Bank of America upped their price target on 3M from $143.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Mizuho raised their price objective on shares of 3M from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.13.

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.