FY2027 EPS Estimates for Cummins Lifted by Zacks Research

Cummins Inc. (NYSE:CMI) – Investment analysts at Zacks Research upped their FY2027 EPS estimates for Cummins in a research note issued to investors on Thursday, July 16th. Zacks Research analyst Team now expects that the company will post earnings per share of $33.57 for the year, up from their previous estimate of $33.53. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $29.34 per share. Zacks Research also issued estimates for Cummins’ Q4 2027 earnings at $9.04 EPS, Q1 2028 earnings at $9.07 EPS, Q2 2028 earnings at $9.88 EPS and FY2028 earnings at $40.40 EPS.

A number of other analysts have also weighed in on CMI. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cummins in a research report on Friday, May 22nd. Morgan Stanley lifted their target price on Cummins from $752.00 to $761.00 and gave the company an “overweight” rating in a report on Friday. UBS Group reissued a “buy” rating on shares of Cummins in a research note on Wednesday, June 17th. Argus upped their price target on Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Weiss Ratings lowered Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $740.07.

Cummins Stock Performance

Shares of CMI stock opened at $640.10 on Monday. The firm has a 50 day moving average of $675.79 and a two-hundred day moving average of $615.85. The stock has a market capitalization of $88.33 billion, a PE ratio of 33.22, a P/E/G ratio of 1.58 and a beta of 1.22. The company has a quick ratio of 1.11, a current ratio of 1.71 and a debt-to-equity ratio of 0.50. Cummins has a 52 week low of $344.02 and a 52 week high of $737.76.

Cummins (NYSE:CMI) last announced its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.63 by $0.52. The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.37 billion. Cummins had a net margin of 7.89% and a return on equity of 25.25%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.96 EPS.

Cummins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be issued a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 21st. This is a positive change from Cummins’s previous quarterly dividend of $2.00. Cummins’s dividend payout ratio (DPR) is 41.52%.

Insider Buying and Selling at Cummins

In related news, EVP Bonnie J. Fetch sold 652 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $700.19, for a total transaction of $456,523.88. Following the completion of the transaction, the executive vice president owned 11,679 shares in the company, valued at approximately $8,177,519.01. The trade was a 5.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brett Michael Merritt sold 701 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $688.75, for a total value of $482,813.75. Following the completion of the transaction, the insider directly owned 10,404 shares in the company, valued at $7,165,755. This trade represents a 6.31% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 13,579 shares of company stock worth $9,377,684. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cummins

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thompson Investment Management Inc. acquired a new stake in Cummins during the fourth quarter worth approximately $26,000. Activest Wealth Management boosted its holdings in shares of Cummins by 537.5% in the 4th quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after buying an additional 43 shares in the last quarter. Cedar Mountain Advisors LLC boosted its holdings in shares of Cummins by 1,500.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Wellington Shields Capital Management LLC purchased a new position in shares of Cummins in the 4th quarter valued at $27,000. Finally, Key Financial Inc grew its position in shares of Cummins by 62.5% in the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock valued at $28,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

About Cummins

Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.