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NYSE:CMI - Cummins Stock Price, Forecast & News

$131.66
-3.30 (-2.45 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$127.55
Now: $131.66
$135.44
50-Day Range
$102.76
MA: $148.87
$168.04
52-Week Range
$101.03
Now: $131.66
$186.73
Volume1.27 million shs
Average Volume2.05 million shs
Market Capitalization$20.17 billion
P/E Ratio9.14
Dividend Yield3.89%
Beta1.11
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. This segment also offers new parts and services, as well as remanufactured parts and engines. The Distribution segment distributes parts, engines, and power generation products; and provides service solutions, such as maintenance contracts, engineering services, and integrated products. The Components segment offers emission solutions, including custom engineering systems and integrated controls, oxidation catalysts, particulate filters, selective catalytic reduction systems, and engineered components; and turbochargers for light-duty, mid-range, heavy-duty, and high-horsepower diesel markets. This segment also provides air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and fuel systems for heavy-duty on-highway diesel engine applications, as well as remanufactures fuel systems. The Power Generation segment offers components that back-up and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford, AVK, and Markon brands. Cummins Inc. sells its products to original equipment manufacturers, dealers/distributors, and end users. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
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Industry, Sector and Symbol

Industry Engines & turbines
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
SectorAuto/Tires/Trucks
CUSIP23102110
Phone812-377-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.57 billion
Cash Flow$19.25 per share
Book Value$55.25 per share

Profitability

Net Income$2.26 billion

Miscellaneous

Employees61,615
Market Cap$20.17 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Cummins (NYSE:CMI) Frequently Asked Questions

How has Cummins' stock been impacted by COVID-19 (Coronavirus)?

Cummins' stock was trading at $141.07 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CMI stock has decreased by 6.7% and is now trading at $131.66. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cummins?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 1 sell rating, 13 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cummins.

When is Cummins' next earnings date?

Cummins is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Cummins.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) posted its quarterly earnings data on Tuesday, February, 4th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.42 by $0.14. The company had revenue of $5.58 billion for 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%. The company's quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the company earned $3.48 earnings per share. View Cummins' earnings history.

How often does Cummins pay dividends? What is the dividend yield for Cummins?

Cummins announced a quarterly dividend on Tuesday, February 11th. Stockholders of record on Friday, February 21st will be given a dividend of $1.311 per share on Thursday, March 5th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, February 20th. View Cummins' dividend history.

How will Cummins' stock buyback program work?

Cummins announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 10th 2019, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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 earnings per share (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?

21 equities research analysts have issued 1 year price objectives for Cummins' shares. Their forecasts range from $136.00 to $207.00. On average, they anticipate Cummins' share price to reach $174.94 in the next year. This suggests a possible upside of 32.9% from the stock's current price. View analysts' price targets for Cummins.

Has Cummins been receiving favorable news coverage?

Media headlines about CMI stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cummins earned a media sentiment score of -2.6 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutCummins.

Are investors shorting Cummins?

Cummins saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 4,162,400 shares, a drop of 11.2% from the February 27th total of 4,690,000 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.8% of the company's stock are sold short. View Cummins' Current Options Chain.

Who are some of Cummins' key competitors?

What other stocks do shareholders of Cummins own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cummins investors own include Caterpillar (CAT), Johnson & Johnson (JNJ), Alibaba Group (BABA), NVIDIA (NVDA), Gilead Sciences (GILD), Walt Disney (DIS), AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO) and General Electric (GE).

Who are Cummins' key executives?

Cummins' management team includes the following 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)

What is Cummins' stock symbol?

Cummins trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMI."

Who are Cummins' major shareholders?

Cummins' stock is owned by a variety of retail and institutional investors. Top institutional investors 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, and Tony Satterthwaite. View insider buying and selling activity for Cummins.

Which institutional investors are buying Cummins stock?

CMI stock was acquired by a variety of institutional investors in the last quarter, including Wealth Quarterback LLC, Norges Bank, American International Group Inc., Hotchkis & Wiley Capital Management LLC, Johanson Financial Advisors Inc., Bank of Montreal Can, Schroder Investment Management Group, and Boston Trust Walden Corp. View insider buying and selling activity 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 $131.66.

How big of a company is Cummins?

Cummins has a market capitalization of $20.17 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?

The official website for Cummins is http://www.cummins.com/.

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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  719 (Vote Outperform)
Underperform Votes:  758 (Vote Underperform)
Total Votes:  1,477
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.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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