Research Analysts Offer Predictions for Cummins Q1 Earnings

Cummins Inc. (NYSE:CMI - Free Report) - Equities researchers at Zacks Research raised their Q1 2027 earnings per share estimates for shares of Cummins in a research report issued on Monday, May 19th. Zacks Research analyst R. Singhi now forecasts that the company will post earnings of $5.90 per share for the quarter, up from their prior estimate of $5.52. The consensus estimate for Cummins' current full-year earnings is $22.54 per share.

A number of other equities research analysts have also issued reports on the company. Evercore ISI decreased their price target on Cummins from $451.00 to $419.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted their target price on shares of Cummins from $308.00 to $320.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Robert W. Baird reduced their price target on shares of Cummins from $407.00 to $315.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Citigroup boosted their price objective on shares of Cummins from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Finally, Truist Financial reduced their target price on shares of Cummins from $420.00 to $338.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy 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 $352.17.

Cummins Trading Down 1.4%

NYSE CMI traded down $4.39 on Wednesday, hitting $317.40. 507,753 shares of the stock were exchanged, compared to its average volume of 804,349. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 1.31. Cummins has a 52-week low of $260.02 and a 52-week high of $387.90. The firm has a market capitalization of $43.72 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.19 and a beta of 1.02. The stock has a fifty day moving average price of $304.38 and a two-hundred day moving average price of $340.90.

Cummins (NYSE:CMI - Get Free Report) last issued its earnings results 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. Cummins had a return on equity of 27.12% and a net margin of 11.57%. The firm had revenue of $8.17 billion for the quarter, compared to analysts' expectations of $8.22 billion. During the same period in the previous year, the firm posted $5.08 earnings per share. The business's revenue was down 2.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CMI. Avanza Fonder AB purchased a new position in Cummins in the 4th quarter valued at approximately $84,000. Ameritas Advisory Services LLC raised its position in shares of Cummins by 15.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,192 shares of the company's stock worth $1,113,000 after buying an additional 418 shares during the period. Diversify Wealth Management LLC purchased a new stake in shares of Cummins during the 4th quarter worth about $215,000. UMB Bank n.a. increased its holdings in Cummins by 3.1% in the 4th quarter. UMB Bank n.a. now owns 2,079 shares of the company's stock valued at $725,000 after purchasing an additional 63 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in shares of Cummins by 13.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 1,372 shares of the company's stock worth $478,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company's stock.

Insiders Place Their Bets

In related news, Director John H. Stone purchased 1,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were bought at an average price of $332.08 per share, for a total transaction of $332,080.00. Following the acquisition, the director now directly owns 2,441 shares in the company, valued at $810,607.28. This trade represents a 69.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.

Cummins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be given a dividend of $1.82 per share. The ex-dividend date is Friday, May 23rd. This represents a $7.28 dividend on an annualized basis and a dividend yield of 2.29%. Cummins's payout ratio is currently 36.22%.

About Cummins

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.