Zacks Research Estimates Cummins' FY2026 Earnings (NYSE:CMI)

Key Points

• Zacks Research slightly raised its FY2026 EPS estimate for Cummins to $25.89 (from $25.84) and kept a "Hold" rating, while also forecasting FY2027 EPS of $29.74; Zacks' FY2026 view compares with a consensus current full‑year estimate of $22.54.
• Several major brokers (UBS, JPMorgan, Barclays, Raymond James) have upgraded or raised targets on CMI, leaving the stock with an average rating of "Moderate Buy" and a consensus price target of $522.07.
• Cummins recently beat quarterly expectations with $5.59 EPS vs. $4.83 expected and $8.32B revenue vs. $7.97B expected; the stock trades near $578, with a market cap of about $79.8B and a P/E around 30.

Cummins Inc. (NYSE:CMI - Free Report) - Equities researchers at Zacks Research raised their FY2026 earnings per share (EPS) estimates for Cummins in a report issued on Thursday, January 29th. Zacks Research analyst Team now forecasts that the company will post earnings of $25.89 per share for the year, up from their prior forecast of $25.84. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Cummins' current full-year earnings is $22.54 per share. Zacks Research also issued estimates for Cummins' Q4 2026 earnings at $6.82 EPS, Q1 2027 earnings at $6.47 EPS, Q2 2027 earnings at $7.64 EPS, Q3 2027 earnings at $7.92 EPS, Q4 2027 earnings at $7.72 EPS and FY2027 earnings at $29.74 EPS.

Cummins (NYSE:CMI - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $5.59 earnings per share for the quarter, beating analysts' consensus estimates of $4.83 by $0.76. The company had revenue of $8.32 billion for the quarter, compared to analyst estimates of $7.97 billion. Cummins had a return on equity of 26.02% and a net margin of 7.95%.The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $5.86 EPS.

CMI has been the subject of a number of other reports. UBS Group upgraded Cummins from a "sell" rating to a "neutral" rating in a research report on Tuesday, November 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of Cummins in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their target price on Cummins from $485.00 to $580.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 14th. Barclays lifted their price target on Cummins from $546.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, January 23rd. Finally, Raymond James Financial raised shares of Cummins from a "market perform" rating to an "outperform" rating and set a $585.00 price objective for the company in a report on Monday, December 22nd. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cummins currently has an average rating of "Moderate Buy" and a consensus target price of $522.07.

Cummins Stock Down 1.0%

CMI stock opened at $578.24 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $532.03 and a two-hundred day moving average of $454.55. Cummins has a 12 month low of $260.02 and a 12 month high of $592.53. The company has a market cap of $79.82 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.03 and a beta of 1.13.

Insider Buying and Selling at Cummins

In other news, CFO Mark Andrew Smith sold 13,110 shares of the business's stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $470.66, for a total value of $6,170,352.60. Following the sale, the chief financial officer directly owned 31,582 shares of the company's stock, valued at approximately $14,864,384.12. The trade was a 29.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brett Michael Merritt sold 1,450 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $489.32, for a total transaction of $709,514.00. Following the transaction, the insider directly owned 9,271 shares of the company's stock, valued at $4,536,485.72. The trade was a 13.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,130 shares of company stock valued at $9,045,544 over the last 90 days. 0.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CMI. Frank Rimerman Advisors LLC boosted its holdings in shares of Cummins by 0.5% in the fourth quarter. Frank Rimerman Advisors LLC now owns 3,738 shares of the company's stock valued at $1,908,000 after buying an additional 18 shares during the period. Financial Consulate Inc. raised its holdings in shares of Cummins by 16.8% during the fourth quarter. Financial Consulate Inc. now owns 125 shares of the company's stock worth $64,000 after acquiring an additional 18 shares during the period. Gilbert & Cook Inc. lifted its position in Cummins by 1.0% in the 4th quarter. Gilbert & Cook Inc. now owns 1,856 shares of the company's stock valued at $947,000 after acquiring an additional 19 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its stake in Cummins by 2.1% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 981 shares of the company's stock worth $501,000 after purchasing an additional 20 shares during the period. Finally, Red Door Wealth Management LLC increased its holdings in Cummins by 2.3% during the 4th quarter. Red Door Wealth Management LLC now owns 878 shares of the company's stock worth $448,000 after purchasing an additional 20 shares in the last quarter. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Cummins Company Profile

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.

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