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

3M (NYSE:MMM) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 8.800-8.950 for the period, compared to the consensus EPS estimate of 8.710. The company issued revenue guidance of $23.2 billion-$25.4 billion, compared to the consensus revenue estimate of $25.1 billion.

3M Trading Down 0.0%

3M stock opened at $170.72 on Thursday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.19 and a current ratio of 1.24. The firm has a market cap of $89.04 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 2.37 and a beta of 1.02. 3M has a 1 year low of $139.34 and a 1 year high of $177.41. The firm’s 50 day moving average price is $157.47 and its two-hundred day moving average price is $156.25.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.15. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.16 EPS. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, research analysts predict that 3M will post 8.88 EPS for the current fiscal year.

3M Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, May 22nd. 3M’s dividend payout ratio is currently 55.42%.

Analyst Ratings Changes

A number of research firms recently weighed in on MMM. Sanford C. Bernstein increased their price target on 3M from $140.00 to $145.00 and gave the company an “underperform” rating in a research report on Wednesday. JPMorgan Chase & Co. upgraded 3M from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $178.00 to $180.00 in a report on Friday, July 17th. Wolfe Research reaffirmed an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. UBS Group raised their target price on shares of 3M from $190.00 to $218.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays dropped their target price on shares of 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $175.79.

Trending Headlines about 3M

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

• Positive Sentiment: 3M beat second-quarter earnings and revenue estimates, with sales up year over year and results strong enough to lift investor sentiment. 3M Q2 earnings report
• Positive Sentiment: The company raised full-year 2026 guidance, signaling management expects momentum to continue across the business. WSJ coverage of 3M guidance
• Positive Sentiment: Analysts have been increasing forecasts following the strong Q2 print, reinforcing the view that earnings estimates may still be moving higher. Analyst forecast updates
• Neutral Sentiment: Brokerages currently carry a consensus “Hold” rating, suggesting the latest rally may be tempered by mixed long-term sentiment. Brokerage rating article
• Negative Sentiment: Royal Bank of Canada raised its price target but kept an “underperform” rating, indicating some analysts still see downside despite the earnings beat. RBC rating update

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Sfam LLC purchased a new stake in 3M in the 4th quarter worth about $45,000. WFA of San Diego LLC purchased a new position in 3M during the 2nd quarter valued at about $61,000. Bank of Jackson Hole Trust grew its stake in 3M by 12.5% during the 4th quarter. Bank of Jackson Hole Trust now owns 821 shares of the conglomerate’s stock valued at $131,000 after acquiring an additional 91 shares in the last quarter. Wellspring Financial Advisors LLC acquired a new position in shares of 3M in the 4th quarter valued at about $225,000. Finally, Golden State Wealth Management LLC lifted its position in shares of 3M by 18.9% in the fourth quarter. Golden State Wealth Management LLC now owns 1,520 shares of the conglomerate’s stock worth $243,000 after purchasing an additional 242 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

About 3M

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M’s businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).