3M (NYSE:MMM) Updates FY 2025 Earnings Guidance

3M (NYSE:MMM - Get Free Report) issued an update on its FY 2025 earnings guidance on Saturday morning. The company provided earnings per share (EPS) guidance of 7.750-8.000 for the period, compared to the consensus estimate of 7.685. The company issued revenue guidance of $24.2 billion-$24.2 billion, compared to the consensus revenue estimate of $24.0 billion.

3M Stock Down 3.3%

NYSE MMM traded down $5.23 on Friday, reaching $153.81. The company had a trading volume of 11,699,665 shares, compared to its average volume of 3,841,190. The company's fifty day moving average is $149.91 and its 200-day moving average is $145.54. 3M has a 1-year low of $101.77 and a 1-year high of $164.15. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.25 and a current ratio of 1.66. The firm has a market capitalization of $82.78 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.98 and a beta of 1.02.

3M (NYSE:MMM - Get Free Report) last issued its earnings results on Friday, July 18th. The conglomerate reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.15. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.09 billion. 3M had a net margin of 17.79% and a return on equity of 96.19%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.93 earnings per share. On average, research analysts forecast that 3M will post 7.8 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.90%. 3M's dividend payout ratio (DPR) is presently 36.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. set a $167.00 target price on shares of 3M in a research note on Friday. Royal Bank Of Canada upped their price target on shares of 3M from $98.00 to $100.00 and gave the company an "underperform" rating in a research note on Wednesday, April 23rd. Citigroup lifted their target price on shares of 3M from $141.00 to $160.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Weiss Ratings reissued a "hold (c+)" rating on shares of 3M in a report on Saturday, July 12th. Finally, Barclays set a $170.00 price target on shares of 3M in a report on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $156.33.

Insider Transactions at 3M

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

Institutional Investors Weigh In On 3M

A hedge fund recently raised its stake in 3M stock. Bison Wealth LLC grew its stake in 3M Company (NYSE:MMM - Free Report) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,751 shares of the conglomerate's stock after acquiring an additional 255 shares during the period. Bison Wealth LLC's holdings in 3M were worth $355,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 65.25% of the company's stock.

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.