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

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

3M Stock Performance

MMM stock traded up $2.99 during trading hours on Wednesday, hitting $174.36. 5,630,599 shares of the stock were exchanged, compared to its average volume of 3,698,709. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63. The firm has a market capitalization of $89.92 billion, a P/E ratio of 30.97, a P/E/G ratio of 2.27 and a beta of 0.99. The company has a 50-day simple moving average of $169.35 and a two-hundred day simple moving average of $161.70. 3M has a 12 month low of $139.34 and a 12 month high of $184.90.

3M (NYSE:MMM) last released its quarterly earnings data on Tuesday, October 20th. The conglomerate reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.12. The business had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.61 billion. 3M had a net margin of 11.90% and a return on equity of 115.87%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.19 EPS. On average, analysts forecast that 3M will post 8.96 earnings per share for the current fiscal year.

3M Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 24th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, August 24th. 3M’s dividend payout ratio (DPR) is 55.42%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MMM. Wolfe Research reiterated an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Royal Bank Of Canada lifted their price target on shares of 3M from $132.00 to $135.00 and gave the company an “underperform” rating in a report on Wednesday. Mizuho raised their target price on 3M from $160.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings cut shares of 3M from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a research note on Wednesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $185.36.

Insider Activity at 3M

In related news, insider Karin Chavez sold 3,635 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total transaction of $663,423.85. Following the transaction, the insider directly owned 14,035 shares in the company, valued at approximately $2,561,527.85. This represents a 20.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Trending Headlines about 3M

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

• Positive Sentiment: Higher earnings outlook: 3M raised its fiscal 2026 adjusted EPS guidance to $9.10-$9.15, above the $8.95 consensus estimate, while maintaining revenue guidance of approximately $25.4 billion. The company cited productivity improvements, cost controls, pricing and stronger industrial demand. 3M Reports Third-Quarter 2026 Results; Raises Full-Year EPS Guidance
• Positive Sentiment: Quarterly beat and margin expansion: Third-quarter adjusted EPS was $2.50, ahead of the $2.38 consensus, while sales of about $6.6 billion were roughly in line with expectations. Adjusted operating margin expanded to 26.2%, and adjusted EPS increased 12% year over year. MMM Q3 Earnings Top Estimates on Industrial Strength, Outlook Raised
• Positive Sentiment: AI and data-center opportunity: 3M expanded its strategic relationship with Amazon Web Services, with AWS investing in 3M’s Expanded Beam Optical technology for data-center infrastructure. The broader Amazon arrangement includes a warrant tied to as much as $6 billion in data-center product purchases, giving investors a potential growth catalyst beyond 3M’s traditional markets. 3M and AWS collaborate to advance optical connectivity innovation
• Positive Sentiment: Analyst support: JPMorgan raised its price target to $191 and reiterated an “overweight” rating, signaling confidence that the improved outlook and data-center strategy can support additional gains.
• Neutral Sentiment: RBC also raised its price target, from $132 to $135, but retained an “underperform” rating, highlighting a sharply more cautious view than JPMorgan’s.

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.