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

3M (NYSE:MMM) issued an update on 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 Up 1.7%

MMM stock opened at $174.36 on Thursday. The stock has a 50-day simple moving average of $169.16 and a two-hundred day simple moving average of $161.91. 3M has a twelve month low of $139.34 and a twelve month high of $184.90. The firm has a market capitalization of $89.92 billion, a PE ratio of 25.99, a PEG ratio of 2.35 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 3.01.

3M (NYSE:MMM) last issued 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 company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.61 billion. 3M had a return on equity of 123.11% and a net margin of 14.01%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.19 earnings per share. On average, equities analysts predict that 3M will post 9.13 EPS for the current fiscal year.

3M Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders 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 dividend payout ratio is 46.50%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MMM shares. Weiss Ratings lowered 3M from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. boosted their price objective on 3M from $185.00 to $191.00 and gave the company an “overweight” rating in a research report on Wednesday. Raymond James Financial reiterated a “market perform” rating on shares of 3M in a research report on Wednesday. Royal Bank Of Canada increased their price objective on 3M from $132.00 to $135.00 and gave the company an “underperform” rating in a research note on Wednesday. Finally, Mizuho raised their target price on shares of 3M from $160.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, 3M has a consensus rating of “Hold” and an average price target of $185.36.

Insider Buying and Selling at 3M

In related news, insider Karin Chavez sold 3,635 shares of the business’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 sale, the insider owned 14,035 shares of the company’s stock, valued at $2,561,527.85. The trade was a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is owned by corporate insiders.

Trending Headlines about 3M

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

• Positive Sentiment: Earnings exceeded expectations: Third-quarter adjusted EPS was $2.50, above the $2.38 consensus, while revenue of approximately $6.6 billion was essentially in line with forecasts. Profit increased year over year, supported by industrial strength, productivity improvements and margin expansion. 3M Reports Q3 2026 In Line With Expectations
• Positive Sentiment: 2026 outlook was raised: 3M now expects adjusted EPS of $9.10-$9.15, above the previous outlook and the $8.95 analyst consensus. Revenue guidance remains $25.4 billion, in line with expectations. 3M Raises 2026 Earnings Guidance
• Positive Sentiment: AWS collaboration strengthens the growth narrative: Amazon Web Services is investing in 3M’s Expanded Beam Optical technology for data-center infrastructure. The broader relationship, including warrants linked to potential data-center sales, gives investors additional exposure to AI-related infrastructure spending. 3M and AWS Collaborate on Optical Connectivity
• Positive Sentiment: Analyst support improved: JPMorgan raised its price target to $191 from $185 and upgraded 3M to “overweight,” citing the stronger outlook and growth initiatives. New-product sales were also reported to be up 34% year to date. JPMorgan Raises 3M Price Target

3M Company Profile

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.