3M (NYSE:MMM) Issues FY 2026 Earnings Guidance

3M (NYSE:MMM) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 9.100-9.150 for the period, compared to the consensus earnings per share estimate of 8.950. The company issued revenue guidance of $25.4 billion, compared to the consensus revenue estimate of $25.4 billion.

3M Trading Up 0.6%

Shares of MMM stock opened at $175.72 on Friday. The firm has a fifty day moving average of $169.03 and a 200-day moving average of $162.13. The stock has a market cap of $90.80 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.40 and a beta of 0.99. 3M has a 52-week low of $139.34 and a 52-week high of $184.90. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.91 and a current ratio of 1.41.

3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, October 20th. The conglomerate reported $2.50 EPS for the quarter, beating the consensus estimate of $2.38 by $0.12. The business had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.61 billion. 3M had a return on equity of 123.11% and a net margin of 14.01%. 3M’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.19 EPS. On average, equities research analysts forecast that 3M will post 9.13 earnings per share for the current fiscal year.

3M Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 24th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.8%. 3M’s payout ratio is currently 46.50%.

Wall Street Analysts Forecast Growth

MMM has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $186.00 target price on shares of 3M in a research report on Wednesday. Weiss Ratings cut shares of 3M from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Raymond James Financial reissued a “market perform” rating on shares of 3M in a report on Wednesday. UBS Group reissued a “buy” rating on shares of 3M in a report on Wednesday. Finally, Mizuho boosted their price objective on shares of 3M from $160.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, 3M presently has a consensus rating of “Hold” and a consensus target price of $185.36.

Insider Transactions at 3M

In related news, insider Karin Chavez sold 3,635 shares of 3M stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the sale, the insider directly owned 14,035 shares in the company, valued at $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

3M News Summary

Here are the key news stories impacting 3M this week:

• Positive Sentiment: Earnings and guidance beat expectations: 3M reported third-quarter adjusted EPS of approximately $2.46–$2.50, ahead of consensus estimates near $2.38, while revenue of about $6.58–$6.60 billion was broadly in line with expectations. The company raised 2026 adjusted EPS guidance to $9.10–$9.15, above the $8.95 consensus estimate, while maintaining revenue guidance of approximately $25.4 billion. 3M stock rises after earnings beat and raised full-year guidance
• Positive Sentiment: AI and data-center momentum: Management cited strong industrial orders, productivity gains and expanding margins as drivers of the improved outlook. Its expanded collaboration with Amazon Web Services includes AWS investment in 3M’s Expanded Beam Optical technology for data-center infrastructure, strengthening the company’s exposure to AI-related connectivity demand. 3M and AWS collaborate to advance optical connectivity innovation
• Positive Sentiment: JPMorgan became more constructive: JPMorgan raised its price target for MMM to $191 from $185 and reiterated an “overweight” rating, implying additional upside based on the cited share price. JPMorgan 3M recommendations
• Neutral Sentiment: Unusually high options volume: Elevated options activity indicates increased investor interest and potential volatility, but it does not establish a clear bullish or bearish direction. 3M sees unusually high options volume
• Negative Sentiment: Analyst disagreement remains: RBC raised its price target modestly to $135 from $132 but maintained an “underperform” rating, highlighting a significantly more cautious view than JPMorgan. RBC 3M recommendations

About 3M

3M is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it developed from a mining venture into a global enterprise known for applying materials science and engineering to a broad range of industrial, commercial and consumer applications.

The company develops and manufactures products including adhesives, abrasives, filtration systems, personal protective equipment, medical and dental supplies, electrical and electronic materials, automotive components, reflective materials and workplace safety solutions.