3M (NYSE:MMM) Posts Earnings Results, Beats Estimates By $0.12 EPS

by · The Cerbat Gem

3M (NYSE:MMM – Get Free Report) released its quarterly earnings results on Tuesday. The conglomerate reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.12, Zacks reports. 3M had a return on equity of 115.87% and a net margin of 11.90%.

3M Price Performance

NYSE:MMM opened at $162.11 on Tuesday. 3M has a 12-month low of $139.34 and a 12-month high of $184.90. The firm has a market cap of $83.60 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 2.30 and a beta of 0.99. The company’s 50-day moving average is $169.59 and its two-hundred day moving average is $161.52. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63.

3M Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 24th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, August 24th. 3M’s dividend payout ratio is 55.42%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MMM shares. Jefferies Financial Group upped their price target on shares of 3M from $170.00 to $175.00 and gave the company a “hold” rating in a report on Monday, June 29th. Citigroup upped their target price on 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada increased their target price on 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a report on Wednesday, July 22nd. Wells Fargo & Company began coverage on 3M in a report on Thursday, September 24th. They set an “equal weight” rating and a $195.00 target price on the stock. Finally, Wolfe Research reissued an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $181.71.

Get Our Latest Stock Report on 3M

3M News Summary

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

  • Positive Sentiment: Raised earnings outlook: 3M increased its 2026 adjusted EPS guidance to $9.10–$9.15, citing cost controls and price increases. The improved outlook signals continued confidence in profitability. 3M lifts annual profit forecast on cost controls, price hikes
  • Positive Sentiment: Quarterly earnings beat expectations: Adjusted EPS was $2.50, above the $2.38 consensus estimate, while GAAP EPS rose 70% year over year to $2.63. Net income increased to $1.37 billion from $834 million a year earlier. 3M Reports Third-Quarter 2026 Results
  • Positive Sentiment: Improved margins and cash generation: Sales rose 1.0% to $6.6 billion, with organic growth of 3.3%. Adjusted operating margin expanded to 26.2%, and adjusted free cash flow reached $1.2 billion, supporting the case for stronger operating efficiency. 3M quarterly results press release
  • Positive Sentiment: Amazon data-center deal added a growth catalyst: Amazon expanded its partnership with 3M and received a warrant to purchase approximately $521.4 million of 3M stock, with vesting tied largely to purchases of optical-connectivity and other data-center products. The arrangement strengthens 3M’s exposure to data-center infrastructure demand. 3M expands Amazon data center partnership
  • Neutral Sentiment: 3M also announced an optical-manufacturing collaboration with Genius Electronic Optical, potentially supporting future connectivity products, though the immediate financial impact was not disclosed. 3M announces collaboration with GSEO

Insider Activity at 3M

In other news, insider Karin Chavez sold 3,635 shares of 3M 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 completion of the sale, the insider directly owned 14,035 shares in the company, valued at $2,561,527.85. The trade was a 20.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by company insiders.

About 3M

(Get Free Report)

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.

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