Cummins (CMI) Expected to Announce Quarterly Earnings on Monday

Cummins (NYSE:CMI - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Monday, May 5th. Analysts expect the company to announce earnings of $5.02 per share and revenue of $8.22 billion for the quarter. Cummins has set its FY 2025 guidance at EPS.

Cummins (NYSE:CMI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.46. Cummins had a return on equity of 27.12% and a net margin of 11.57%. The company had revenue of $8.45 billion during the quarter, compared to analysts' expectations of $8.06 billion. During the same quarter in the prior year, the firm posted $4.14 earnings per share. The business's quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts expect Cummins to post $23 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Cummins Trading Up 0.4 %

NYSE CMI traded up $1.18 during mid-day trading on Wednesday, reaching $294.34. 783,209 shares of the stock were exchanged, compared to its average volume of 809,696. The stock has a market cap of $40.54 billion, a P/E ratio of 10.45, a P/E/G ratio of 2.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.80. Cummins has a one year low of $260.02 and a one year high of $387.90. The stock has a 50 day simple moving average of $314.45 and a 200-day simple moving average of $343.25.

Cummins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Friday, February 21st were given a $1.82 dividend. This represents a $7.28 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Friday, February 21st. Cummins's dividend payout ratio (DPR) is presently 25.84%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Citigroup dropped their price target on Cummins from $360.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Bank of America raised shares of Cummins from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $354.00 to $358.00 in a research note on Tuesday, January 14th. StockNews.com cut shares of Cummins from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. cut their price objective on shares of Cummins from $375.00 to $308.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, UBS Group lowered Cummins from a "buy" rating to a "sell" rating and decreased their target price for the company from $400.00 to $240.00 in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $346.00.

Institutional Investors Weigh In On Cummins

An institutional investor recently raised its position in Cummins stock. Brighton Jones LLC grew its position in shares of Cummins Inc. (NYSE:CMI - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,112 shares of the company's stock after purchasing an additional 83 shares during the period. Brighton Jones LLC's holdings in Cummins were worth $736,000 at the end of the most recent quarter. 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.