3M (NYSE:MMM) Announces 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 estimate of 8.950. The company issued revenue guidance of $25.4 billion, compared to the consensus revenue estimate of $25.4 billion.

Analyst Upgrades and Downgrades

MMM has been the topic of a number of research reports. Weiss Ratings downgraded shares of 3M from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Royal Bank Of Canada increased their price target on shares of 3M from $132.00 to $135.00 and gave the company an “underperform” rating in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and set a $186.00 target price on shares of 3M in a report on Wednesday. Wolfe Research restated an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, 3M currently has a consensus rating of “Hold” and a consensus target price of $185.36.

3M Price Performance

MMM traded up $2.99 during midday trading on Wednesday, hitting $174.36. The stock had a trading volume of 5,630,599 shares, compared to its average volume of 3,698,709. The business has a fifty day moving average of $169.35 and a 200 day moving average of $161.70. 3M has a 1 year low of $139.34 and a 1 year high of $184.90. The company has a market cap of $89.92 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24.

3M (NYSE:MMM) last released its earnings results on Tuesday, October 20th. The conglomerate reported $2.50 earnings per share for the quarter, beating the consensus estimate 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 115.87% and a net margin of 11.90%. 3M’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.19 earnings per share. As a group, equities analysts forecast that 3M will post 8.96 earnings per share for the current fiscal year.

3M Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 24th were given 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 yield of 1.8%. 3M’s payout ratio is 55.42%.

Insider Buying and Selling

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

More 3M News

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.