Brokers Set Expectations for Cummins' Q1 Earnings (NYSE:CMI)

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

Several other brokerages also recently weighed in on CMI. StockNews.com downgraded shares of Cummins from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. lifted their price target on shares of Cummins from $308.00 to $320.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Citigroup upped their price objective on shares of Cummins from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Evercore ISI decreased their target price on shares of Cummins from $451.00 to $419.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, UBS Group downgraded Cummins from a "buy" rating to a "sell" rating and cut their price target for the company from $400.00 to $240.00 in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Cummins presently has a consensus rating of "Hold" and an average target price of $352.17.

Cummins Stock Performance

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

Cummins (NYSE:CMI - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $5.96 EPS for the quarter, beating analysts' consensus estimates of $4.92 by $1.04. Cummins had a net margin of 11.57% and a return on equity of 27.12%. 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 prior year, the company earned $5.08 EPS. The firm's revenue was down 2.7% on a year-over-year basis.

Institutional Investors Weigh In On Cummins

Several large investors have recently made changes to their positions in the business. Global Trust Asset Management LLC increased its holdings in Cummins by 59.6% in the 4th quarter. Global Trust Asset Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 28 shares in the last quarter. KG&L Capital Management LLC boosted its position in shares of Cummins by 0.8% in the fourth quarter. KG&L Capital Management LLC now owns 3,749 shares of the company's stock worth $1,296,000 after buying an additional 28 shares during the period. Signaturefd LLC grew its stake in shares of Cummins by 0.9% in the fourth quarter. Signaturefd LLC now owns 3,313 shares of the company's stock valued at $1,155,000 after buying an additional 28 shares in the last quarter. Fiduciary Trust Co raised its holdings in shares of Cummins by 1.2% during the 4th quarter. Fiduciary Trust Co now owns 2,456 shares of the company's stock valued at $856,000 after buying an additional 28 shares during the period. Finally, Massachusetts Wealth Management lifted its position in Cummins by 0.6% during the 4th quarter. Massachusetts Wealth Management now owns 4,812 shares of the company's stock worth $1,677,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company's stock.

Insider Activity at Cummins

In other Cummins news, Director John H. Stone purchased 1,000 shares of Cummins stock in a transaction 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 directly owns 2,441 shares in the company, valued at approximately $810,607.28. This represents a 69.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by insiders.

Cummins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be issued a $1.82 dividend. This represents a $7.28 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, May 23rd. 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.

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