Cummins (CMI) Projected to Post Quarterly Earnings on Monday

Cummins (NYSE:CMI - Get Free Report) is expected to release its Q1 2025 earnings data before the market opens on Monday, May 5th. Analysts expect Cummins to post 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, topping analysts' consensus estimates of $4.70 by $0.46. The firm had revenue of $8.45 billion during the quarter, compared to analysts' expectations of $8.06 billion. Cummins had a net margin of 11.57% and a return on equity of 27.12%. Cummins's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.14 EPS. On average, analysts expect Cummins to post $23 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Cummins Stock Performance

NYSE CMI traded up $7.48 during trading on Friday, reaching $302.36. The company's stock had a trading volume of 206,493 shares, compared to its average volume of 803,166. Cummins has a twelve month low of $260.02 and a twelve month high of $387.90. The firm has a market cap of $41.65 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 2.19 and a beta of 1.02. The business's fifty day moving average price is $311.69 and its 200-day moving average price is $342.61. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Friday, February 21st were given a $1.82 dividend. This represents a $7.28 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Friday, February 21st. Cummins's dividend payout ratio (DPR) is presently 25.84%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group downgraded Cummins from a "buy" rating to a "sell" rating and lowered their target price for the company from $400.00 to $240.00 in a research note on Monday, April 7th. Morgan Stanley dropped their price objective on shares of Cummins from $425.00 to $340.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays raised their target price on shares of Cummins from $310.00 to $381.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Truist Financial lowered their target price on shares of Cummins from $420.00 to $338.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI increased their price target on shares of Cummins from $408.00 to $451.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cummins has a consensus rating of "Hold" and a consensus price target of $346.00.

Institutional Trading of Cummins

An institutional investor recently raised its position in Cummins stock. Brighton Jones LLC boosted its holdings in Cummins Inc. (NYSE:CMI - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,112 shares of the company's stock after acquiring an additional 83 shares during the period. Brighton Jones LLC's holdings in Cummins were worth $736,000 as of its most recent filing with the Securities and Exchange Commission. 83.46% of the stock is owned by hedge funds and other institutional investors.

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.