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 (EPS) 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 Price Performance

NYSE MMM traded up $2.99 during trading hours on Wednesday, reaching $174.36. 5,630,606 shares of the stock traded hands, compared to its average volume of 3,698,710. The company has a market cap of $89.92 billion, a price-to-earnings 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 current ratio of 1.24 and a quick ratio of 0.91. 3M has a 1 year low of $139.34 and a 1 year high of $184.90. The stock has a 50 day simple moving average of $169.35 and a two-hundred day simple moving average of $161.70.

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

3M Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 24th were given a $0.78 dividend. 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 presently 55.42%.

Analysts Set New Price Targets

Several research analysts have recently commented on MMM shares. JPMorgan Chase & Co. lifted their price objective on 3M from $185.00 to $191.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group reissued a “buy” rating on shares of 3M in a research note on Wednesday. Weiss Ratings cut 3M from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of 3M in a report on Wednesday. Finally, Raymond James Financial restated a “market perform” rating on shares of 3M in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, 3M has a consensus rating of “Hold” and an average target price of $185.36.

Insider Activity

In related news, insider Karin Chavez sold 3,635 shares of the business’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 transaction, the insider owned 14,035 shares in the company, valued at $2,561,527.85. The trade was a 20.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by insiders.

Key Headlines Impacting 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.

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.