Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of 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.
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Industry, Sector and Symbol
Industry Engines & turbines
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
SectorAuto/Tires/Trucks
Phone812-377-5000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$23.57 billion
Profitability
Miscellaneous
Employees61,615
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable
Cummins (NYSE:CMI) Frequently Asked Questions
What is Cummins' stock symbol?
Cummins trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMI."
How often does Cummins pay dividends? What is the dividend yield for Cummins?
Cummins declared a quarterly dividend on Tuesday, February 11th. Investors of record on Friday, February 21st will be paid a dividend of $1.311 per share on Thursday, March 5th. This represents a $5.24 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, February 20th. View Cummins' Dividend History.
How will Cummins' stock buyback program work?
Cummins declared that its Board of Directors has initiated a stock repurchase program on Tuesday, December 10th 2019, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.
How were Cummins' earnings last quarter?
Cummins Inc. (NYSE:CMI) announced its earnings results on Tuesday, February, 4th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.42 by $0.14. The company earned $5.58 billion during the quarter, compared to analyst estimates of $5.39 billion. Cummins had a net margin of 9.59% and a return on equity of 26.49%. Cummins's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.48 earnings per share. View Cummins' Earnings History.
When is Cummins' next earnings date?
What guidance has Cummins issued on next quarter's earnings?
Cummins updated its FY 2020
Pre-Market earnings guidance on Tuesday, February, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $20.742-21.685 billion, compared to the consensus revenue estimate of $21.43 billion.
What price target have analysts set for CMI?
19 equities research analysts have issued 12-month price objectives for Cummins' shares. Their forecasts range from $145.00 to $207.00. On average, they anticipate Cummins' stock price to reach $183.07 in the next year. This suggests a possible upside of 22.0% from the stock's current price. View Analyst Price Targets for Cummins.
What is the consensus analysts' recommendation for Cummins?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 1 sell rating, 11 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cummins.
Has Cummins been receiving favorable news coverage?
News coverage about CMI stock has been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cummins earned a coverage optimism score of -4.4 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Cummins.
Are investors shorting Cummins?
Cummins saw a decline in short interest in February. As of February 14th, there was short interest totalling 4,490,000 shares, a decline of 12.0% from the January 30th total of 5,100,000 shares. Based on an average trading volume of 1,130,000 shares, the days-to-cover ratio is presently 4.0 days. Currently, 3.0% of the company's shares are sold short. View Cummins' Current Options Chain.
Who are some of Cummins' key competitors?
Some companies that are related to Cummins include Caterpillar (CAT), Deere & Company (DE), PACCAR (PCAR), Westinghouse Air Brake Technologies (WAB), Toro (TTC), WABCO (WBC), Oshkosh (OSK), AGCO (AGCO), Navistar International (NAV), Trinity Industries (TRN), Federal Signal (FSS), Meritor (MTOR), Terex (TEX), Alamo Group (ALG) and Lindsay (LNN).
What other stocks do shareholders of Cummins own?
Who are Cummins' key executives?
Cummins' management team includes the folowing people:
- Mr. N. Thomas Linebarger, Chairman & CEO (Age 56)
- Mr. Richard J. Freeland, Pres, COO & Director (Age 62)
- Mr. Patrick J. Ward, VP & CFO (Age 55)
- Ms. Marya M. Rose, VP & Chief Admin. Officer (Age 56)
- Mr. Livingston L. Satterthwaite, VP & Pres of Distribution Bus. (Age 58)
Who are Cummins' major shareholders?
Cummins' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Wealth Quarterback LLC (150.80%), State Street Corp (4.63%), LSV Asset Management (2.30%), Geode Capital Management LLC (1.81%), Hotchkis & Wiley Capital Management LLC (1.81%) and AQR Capital Management LLC (1.32%). Company insiders that own Cummins stock include Alexis M Herman, Franklin R Changdiaz, Jill E Cook, Mark Andrew Smith, Mark J Osowick, Marya M Rose, Norman Thomas Linebarger, Pat Ward, Richard Joseph Freeland, Srikanth Padmanabhan, Tony Satterthwaite and Tracy A Embree. View Institutional Ownership Trends for Cummins.
Which institutional investors are selling Cummins stock?
CMI stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Skandinaviska Enskilda Banken AB publ , AQR Capital Management LLC, First Eagle Investment Management LLC, Janus Henderson Group PLC, Capital World Investors, Cambiar Investors LLC and PGGM Investments. Company insiders that have sold Cummins company stock in the last year include Mark J Osowick, Norman Thomas Linebarger, Srikanth Padmanabhan and Tony Satterthwaite. View Insider Buying and Selling for Cummins.
Which institutional investors are buying Cummins stock?
CMI stock was purchased by a variety of institutional investors in the last quarter, including Wealth Quarterback LLC, American International Group Inc., Hotchkis & Wiley Capital Management LLC, Johanson Financial Advisors Inc., Bank of Montreal Can, Schroder Investment Management Group, Boston Trust Walden Corp and First Trust Advisors LP. View Insider Buying and Selling for Cummins.
How do I buy shares of Cummins?
Shares of CMI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Cummins' stock price today?
One share of CMI stock can currently be purchased for approximately $150.08.
How big of a company is Cummins?
Cummins has a market capitalization of $22.99 billion and generates $23.57 billion in revenue each year. The company earns $2.26 billion in net income (profit) each year or $15.05 on an earnings per share basis. Cummins employs 61,615 workers across the globe.View Additional Information About Cummins.
What is Cummins' official website?
How can I contact Cummins?
Cummins' mailing address is 500 JACKSON STREET BOX 3005, COLUMBUS IN, 47202. The company can be reached via phone at 812-377-5000 or via email at [email protected]
MarketBeat Community Rating for Cummins (NYSE CMI)
MarketBeat's community ratings are surveys of what our community members think about Cummins and other stocks. Vote "Outperform" if you believe CMI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CMI will underperform the S&P 500 over the long term. You may vote once every thirty days.
