Zacks Research Has Positive Estimate for Cummins Q1 Earnings

Cummins Inc. (NYSE:CMI) – Zacks Research raised their Q1 2027 earnings per share (EPS) estimates for Cummins in a report issued on Monday, May 19th. Zacks Research analyst R. Singhi now expects that the company will post earnings of $5.90 per share for the quarter, up from their previous estimate of $5.52. The consensus estimate for Cummins’ current full-year earnings is $22.54 per share.

Other research analysts have also issued reports about the stock. Robert W. Baird decreased their price objective on shares of Cummins from $407.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price target on Cummins from $308.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Morgan Stanley boosted their price objective on Cummins from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. UBS Group downgraded Cummins from a “buy” rating to a “sell” rating and reduced their target price for the stock from $400.00 to $240.00 in a report on Monday, April 7th. Finally, StockNews.com downgraded Cummins from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Cummins currently has an average rating of “Hold” and an average price target of $352.17.

Cummins Stock Down 1.5%

Shares of NYSE:CMI opened at $331.47 on Wednesday. The firm has a market cap of $45.66 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 2.19 and a beta of 1.02. The company has a fifty day simple moving average of $304.55 and a 200 day simple moving average of $341.51. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.42. Cummins has a 12-month low of $260.02 and a 12-month high of $387.90.

Cummins (NYSE:CMI) last posted its quarterly earnings data on Monday, May 5th. The company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $1.04. The company had revenue of $8.17 billion for the quarter, compared to the consensus estimate of $8.22 billion. Cummins had a return on equity of 27.12% and a net margin of 11.57%. Cummins’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $5.08 EPS.

Cummins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be paid a $1.82 dividend. This represents a $7.28 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, May 23rd. Cummins’s dividend payout ratio is currently 36.22%.

Insider Buying and Selling at Cummins

In related news, Director John H. Stone acquired 1,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were purchased at an average cost of $332.08 per share, with a total value of $332,080.00. Following the completion of the transaction, the director now owns 2,441 shares of the company’s stock, valued at approximately $810,607.28. This trade represents a 69.40% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

Institutional Trading of Cummins

A number of institutional investors have recently bought and sold shares of CMI. Global Trust Asset Management LLC lifted its holdings in shares of Cummins by 59.6% during the 4th quarter. Global Trust Asset Management LLC now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 28 shares during the last quarter. BankPlus Trust Department bought a new stake in Cummins in the fourth quarter worth approximately $26,000. Compass Financial Services Inc bought a new position in shares of Cummins during the 4th quarter valued at $27,000. Meeder Asset Management Inc. raised its holdings in shares of Cummins by 208.0% during the 4th quarter. Meeder Asset Management Inc. now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 52 shares in the last quarter. Finally, TCTC Holdings LLC acquired a new stake in shares of Cummins in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 83.46% of the company’s stock.

Cummins Company Profile

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.