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

3M (NYSE:MMM) posted its quarterly earnings data on Tuesday. The conglomerate reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.02, Zacks reports. 3M had a net margin of 15.37% and a return on equity of 104.66%. 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 previous year, the company posted $2.42 EPS. 3M’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 $146.86 on Wednesday. 3M has a 52 week low of $75.40 and a 52 week high of $150.00. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 2.41. The stock has a fifty day moving average of $131.40 and a 200 day moving average of $128.20. The firm has a market capitalization of $79.98 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.30 and a beta of 0.95.

3M Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, November 15th. This represents a $2.80 dividend on an annualized basis and a yield of 1.91%. 3M’s dividend payout ratio is presently 35.35%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Mizuho upped their target price 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. Melius raised 3M from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Bank of America increased their price objective on 3M from $143.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on shares of 3M from $100.00 to $96.00 and set an “underperform” rating on the stock in a research report on Friday, January 3rd. Finally, UBS Group raised 3M from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $184.00 in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $144.13.

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.