NYSE:CMI - Cummins Stock Price, News & Analysis

$146.21
-1.52 (-1.03 %)
(As of 08/20/2019 04:00 PM ET)
Today's Range
$145.77
Now: $146.21
$147.8450
50-Day Range
$145.17
MA: $163.08
$175.22
52-Week Range
$124.40
Now: $146.21
$175.91
Volume1.15 million shs
Average Volume1.27 million shs
Market Capitalization$23.07 billion
P/E Ratio11.05
Dividend Yield3.06%
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$16.8639 per share
Book Value$51.44 per share

Profitability

Net Income$2.14 billion

Miscellaneous

Employees62,610
Market Cap$23.07 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 announced a quarterly dividend on Tuesday, July 9th. Stockholders of record on Wednesday, August 21st will be given 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 3.59%. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost 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 initiated a stock buyback program on Tuesday, October 9th 2018, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) announced its earnings results on Tuesday, July, 30th. The company reported $4.27 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $4.38 by $0.11. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.36 billion. Cummins had a net margin of 10.74% and a return on equity of 29.75%. The business's revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.14 EPS. 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 issued an update on its FY 2019 earnings guidance on Tuesday, July, 30th. The company provided earnings per share (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 equities research analysts have issued 1 year price objectives for Cummins' stock. Their forecasts range from $135.00 to $203.00. On average, they anticipate Cummins' stock price to reach $165.5250 in the next year. This suggests a possible upside of 13.2% 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?

Media coverage about CMI stock has trended positive on Tuesday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cummins earned a coverage optimism score of 2.5 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock's share price in the near term. View News Stories for Cummins.

Are investors shorting Cummins?

Cummins saw a drop in short interest in the month of 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 days-to-cover ratio is presently 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), General Electric (GE), Walt Disney (dis), 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 many different 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 major 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 major investors are buying Cummins stock?

CMI stock was acquired 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 $146.21.

How big of a company is Cummins?

Cummins has a market capitalization of $23.07 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 8/20/2019 by MarketBeat.com Staff

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