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

3M (NYSE:MMM - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 7.600-7.900 for the period, compared to the consensus earnings per share estimate of 7.750. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MMM shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of 3M in a research report on Thursday, April 24th. Royal Bank of Canada lifted their target price on shares of 3M from $98.00 to $100.00 and gave the company an "underperform" rating in a report on Wednesday, April 23rd. Bank of America raised their price objective on shares of 3M from $175.00 to $179.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their target price on shares of 3M from $165.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Barclays raised their price target on 3M from $160.00 to $164.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, 3M has a consensus rating of "Moderate Buy" and an average price target of $147.00.

3M Stock Performance

NYSE:MMM traded down $2.59 during midday trading on Tuesday, reaching $138.21. 1,105,246 shares of the company traded hands, compared to its average volume of 4,032,361. The firm has a market capitalization of $74.38 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 3.30 and a beta of 1.01. The company has a fifty day moving average price of $142.20 and a 200 day moving average price of $138.42. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.41 and a quick ratio of 1.08. 3M has a twelve month low of $95.01 and a twelve month high of $156.35.

3M (NYSE:MMM - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.11. The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.78 billion. 3M had a net margin of 15.71% and a return on equity of 100.77%. On average, analysts expect that 3M will post 7.8 EPS for the current fiscal year.

Institutional Trading of 3M

A hedge fund recently raised its stake in 3M stock. Brighton Jones LLC raised its stake in 3M (NYSE:MMM - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period. Institutional investors own 65.25% of the company's stock.

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.