NYSE:CMI - Cummins Stock Price, News & Analysis

$149.25
+3.22 (+2.21 %)
(As of 08/18/2019 02:29 AM ET)
Today's Range
$144.05
Now: $149.25
$150.26
50-Day Range
$145.17
MA: $164.87
$175.22
52-Week Range
$124.40
Now: $149.25
$175.91
Volume1.22 million shs
Average Volume1.40 million shs
Market Capitalization$23.55 billion
P/E Ratio11.28
Dividend Yield3.16%
Beta1.14
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. Read More…

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$23.77 billion
Cash Flow$17.7890 per share
Book Value$58.28 per share

Profitability

Net Income$2.14 billion

Miscellaneous

Employees62,610
Market Cap$23.55 billion
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable

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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, July 9th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $1.311 per share on Tuesday, September 3rd. This represents a $5.24 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Tuesday, August 20th. This is an increase from Cummins's previous quarterly dividend of $1.14. View Cummins' Dividend History.

How will Cummins' stock buyback program work?

Cummins announced that its Board of Directors has approved a share buyback plan on Tuesday, October 9th 2018, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) released its earnings results on Tuesday, July, 30th. The company reported $4.27 EPS for the quarter, missing the Zacks' consensus estimate of $4.38 by $0.11. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.36 billion. Cummins had a return on equity of 29.75% and a net margin of 10.74%. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.14 earnings per share. View Cummins' Earnings History.

When is Cummins' next earnings date?

Cummins is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Cummins.

What guidance has Cummins issued on next quarter's earnings?

Cummins updated its FY 2019 earnings guidance on Tuesday, July, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $23.771-23.771 billion, compared to the consensus revenue estimate of $24.41 billion.

What price target have analysts set for CMI?

18 brokers have issued twelve-month price objectives for Cummins' shares. Their forecasts range from $135.00 to $203.00. On average, they anticipate Cummins' share price to reach $165.5250 in the next year. This suggests a possible upside of 10.9% from the stock's current price. View Analyst Price Targets for Cummins.

What is the consensus analysts' recommendation for Cummins?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 2 sell ratings, 11 hold ratings and 5 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 stories about CMI stock have been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cummins earned a news impact score of -2.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Cummins.

Are investors shorting Cummins?

Cummins saw a drop in short interest in July. As of July 31st, there was short interest totalling 3,394,200 shares, a drop of 8.3% from the June 30th total of 3,703,300 shares. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is currently 2.7 days. Approximately 2.2% of the shares of the stock are short sold. 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), Gilead Sciences (gild), NVIDIA (NVDA), Johnson & Johnson (JNJ), Alibaba Group (BABA), Walt Disney (dis), General Electric (GE), Boeing (BA), Verizon Communications (VZ) and Cisco Systems (CSCO).

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 a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.71%), BlackRock Inc. (7.28%), LSV Asset Management (2.31%), Northern Trust Corp (1.56%), AQR Capital Management LLC (1.50%) and Bank of New York Mellon Corp (1.39%). Company insiders that own Cummins stock include Alexis M Herman, Franklin R Changdiaz, Jill E Cook, Mark Andrew Smith, 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 Point72 Asset Management L.P., Parnassus Investments CA, Prudential Financial Inc., MUFG Securities EMEA plc, Paloma Partners Management Co, Wells Fargo & Company MN, Ossiam and Amundi Pioneer Asset Management Inc.. Company insiders that have sold Cummins company stock in the last year include Alexis M Herman, Franklin R Changdiaz, Jill E Cook, Mark Andrew Smith, Marya M Rose, Norman Thomas Linebarger, Pat Ward, Richard Joseph Freeland, Srikanth Padmanabhan, Tony Satterthwaite and Tracy A Embree. 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 AQR Capital Management LLC, Nuveen Asset Management LLC, BlackRock Inc., Holocene Advisors LP, Invesco Ltd., Royal Bank of Canada, APG Asset Management N.V. and Great Lakes Advisors LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Cummins' stock price today?

One share of CMI stock can currently be purchased for approximately $149.25.

How big of a company is Cummins?

Cummins has a market capitalization of $23.55 billion and generates $23.77 billion in revenue each year. The company earns $2.14 billion in net income (profit) each year or $13.23 on an earnings per share basis. Cummins employs 62,610 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 ST BOX 3005 MAIL CODE 60207, 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:  2.5 out of 5 (star star half star)
Outperform Votes:  673 (Vote Outperform)
Underperform Votes:  697 (Vote Underperform)
Total Votes:  1,370
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 8/18/2019 by MarketBeat.com Staff

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