3M (MMM) Expected to Announce Earnings on Tuesday

3M (NYSE:MMM - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect 3M to post earnings of $1.76 per share and revenue of $5.78 billion for the quarter. 3M has set its FY 2025 guidance at 7.600-7.900 EPS and its FY25 guidance at $7.60-7.90 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

3M (NYSE:MMM - Get Free Report) last released its earnings results on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.02. 3M had a return on equity of 100.77% and a net margin of 15.71%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period last year, the business posted $2.42 earnings per share. The business's revenue for the quarter was down 25.0% on a year-over-year basis. On average, analysts expect 3M to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

3M Stock Performance

MMM traded down $0.30 during trading hours on Friday, hitting $130.16. The stock had a trading volume of 4,951,917 shares, compared to its average volume of 4,153,305. The company has a quick ratio of 1.08, a current ratio of 1.41 and a debt-to-equity ratio of 2.86. The stock has a market cap of $70.20 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 3.30 and a beta of 1.01. 3M has a 1 year low of $90.65 and a 1 year high of $156.35. The company's fifty day simple moving average is $144.53 and its 200 day simple moving average is $138.23.

3M Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 14th were issued a dividend of $0.73 per share. This is a boost from 3M's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.92 dividend on an annualized basis and a yield of 2.24%. 3M's payout ratio is presently 38.68%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America raised their target price on 3M from $175.00 to $179.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Wells Fargo & Company upgraded 3M from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $140.00 to $170.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price target on 3M from $165.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup dropped their target price on shares of 3M from $152.00 to $142.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and set a $96.00 price objective on shares of 3M in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $146.47.

Insider Buying and Selling at 3M

In other 3M news, Chairman Michael F. Roman sold 49,598 shares of the firm's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $152.30, for a total value of $7,553,775.40. Following the completion of the sale, the chairman now directly owns 180,895 shares in the company, valued at $27,550,308.50. This trade represents a 21.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Victoria Clarke sold 1,750 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $154.22, for a total value of $269,885.00. Following the completion of the transaction, the executive vice president now directly owns 194 shares of the company's stock, valued at $29,918.68. This represents a 90.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,639 shares of company stock valued at $17,163,446 in the last 90 days. Insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On 3M

A hedge fund recently raised its stake in 3M stock. Brighton Jones LLC grew its holdings in shares of 3M (NYSE:MMM - Free Report) by 26.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,898 shares of the conglomerate's stock after purchasing an additional 1,872 shares during the period. Brighton Jones LLC's holdings in 3M were worth $1,149,000 as of its most recent SEC filing. 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.