3M (MMM) Expected to Announce Quarterly Earnings on Friday

3M (NYSE:MMM - Get Free Report) is expected to be announcing its Q2 2025 earnings results before the market opens on Friday, July 18th. Analysts expect the company to announce earnings of $2.01 per share and revenue of $6.09 billion for the quarter.

3M (NYSE:MMM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.11. 3M had a net margin of 17.79% and a return on equity of 96.19%. The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.78 billion. On average, analysts expect 3M to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

3M Trading Up 1.4%

Shares of NYSE:MMM traded up $2.23 during trading on Monday, reaching $158.07. The company's stock had a trading volume of 2,961,209 shares, compared to its average volume of 3,799,517. The company has a current ratio of 1.66, a quick ratio of 1.25 and a debt-to-equity ratio of 2.72. 3M has a 12 month low of $100.87 and a 12 month high of $159.47. The firm's 50 day simple moving average is $148.57 and its two-hundred day simple moving average is $144.88. The stock has a market capitalization of $85.07 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 3.04 and a beta of 1.02.

3M Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.85%. 3M's payout ratio is 36.87%.

Analyst Ratings Changes

A number of research analysts recently commented on MMM shares. Citigroup increased their price target on shares of 3M from $141.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, May 30th. Wells Fargo & Company increased their price objective on shares of 3M from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Barclays increased their price objective on shares of 3M from $164.00 to $170.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Weiss Ratings reissued a "hold (c+)" rating on shares of 3M in a research report on Saturday. Finally, Royal Bank Of Canada increased their price objective on shares of 3M from $98.00 to $100.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $156.33.

Insider Buying and Selling

In other news, EVP Zoe L. Dickson sold 7,915 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $149.02, for a total transaction of $1,179,493.30. Following the transaction, the executive vice president directly owned 6,127 shares of the company's stock, valued at approximately $913,045.54. This trade represents a 56.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Patrick Banovetz sold 7,759 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $148.37, for a total transaction of $1,151,202.83. Following the transaction, the executive vice president directly owned 31,372 shares in the company, valued at approximately $4,654,663.64. This trade represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company's stock.

Hedge Funds Weigh In On 3M

A hedge fund recently raised its stake in 3M stock. Brighton Jones LLC boosted its holdings in shares of 3M Company (NYSE:MMM - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,898 shares of the conglomerate's stock after buying an additional 1,872 shares during the quarter. Brighton Jones LLC's holdings in 3M were worth $1,149,000 as of its most recent SEC filing. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

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.