NYSE:CMI - Cummins Stock Price, News, & Analysis

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$143.06 -2.66 (-1.83 %)
(As of 11/20/2018 02:37 PM ET)
Previous Close$145.72
Today's Range$141.13 - $144.94
52-Week Range$124.72 - $194.18
Volume34,884 shs
Average Volume1.95 million shs
Market Capitalization$23.62 billion
P/E Ratio13.48
Dividend Yield3.10%
Beta1.16
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

Stock Exchange NYSE
Industry Engines & turbines
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
SectorAuto/Tires/Trucks
Current SymbolNYSE:CMI
Previous Symbol
CUSIP23102110
Phone812-377-5000

Debt

Debt-to-Equity Ratio0.19
Current Ratio1.54
Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio13.48
Forward P/E Ratio9.33
P/E Growth0.8

Sales & Book Value

Annual Sales$20.43 billion
Price / Sales1.12
Cash Flow$13.8222 per share
Price / Cash10.35
Book Value$49.19 per share
Price / Book2.91

Profitability

EPS (Most Recent Fiscal Year)$10.62
Net Income$999 million
Net Margins5.57%
Return on Equity29.17%
Return on Assets12.83%

Miscellaneous

Employees20,830
Outstanding Shares160,560,000
Market Cap$23.62 billion
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 announced a quarterly dividend on Tuesday, October 9th. Shareholders of record on Thursday, November 15th will be given a dividend of $1.14 per share on Monday, December 3rd. This represents a $4.56 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, November 14th. View Cummins' Dividend History.

How will Cummins' stock buyback program work?

Cummins declared that its Board of Directors has approved a stock buyback plan 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 repurchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) released its quarterly earnings data on Tuesday, October, 30th. The company reported $4.05 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $3.76 by $0.29. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.96 billion. Cummins had a return on equity of 29.17% and a net margin of 5.57%. The company's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.71 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, February 5th 2019. View Earnings Estimates for Cummins.

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

Cummins issued an update on its FY 2018 earnings guidance on Tuesday, October, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $23.492-23.901 billion, compared to the consensus revenue estimate of $23.78 billion.

What price target have analysts set for CMI?

22 brokerages have issued twelve-month price objectives for Cummins' shares. Their forecasts range from $130.00 to $195.00. On average, they anticipate Cummins' stock price to reach $163.6316 in the next year. This suggests a possible upside of 14.4% from the stock's current price. View Analyst Price Targets for Cummins.

What is the consensus analysts' recommendation for Cummins?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 1 sell rating, 14 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?

Media headlines about CMI stock have been trending somewhat negative on Tuesday, according to InfoTrie. The research firm rates the sentiment of news 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 -5 to 5, with scores closest to five being the most favorable. Cummins earned a daily sentiment score of -1.9 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next few days.

Who are some of Cummins' key competitors?

Who are Cummins' key executives?

Cummins' management team includes the folowing people:
  • Mr. N. Thomas Linebarger, Chairman & CEO (Age 55)
  • Mr. Richard J. Freeland, Pres, COO & Director (Age 61)
  • Mr. Patrick J. Ward, VP & CFO (Age 54)
  • Ms. Marya M. Rose, VP & Chief Admin. Officer (Age 55)
  • Mr. Livingston L. Satterthwaite, VP & Pres of Distribution Bus. (Age 57)

Who are Cummins' major shareholders?

Cummins' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.74%), Capital Research Global Investors (2.59%), LSV Asset Management (2.01%), Franklin Resources Inc. (1.62%), American Century Companies Inc. (1.57%) and Wells Fargo & Company MN (1.41%). Company insiders that own Cummins stock include Alexis M Herman, Anant Talaulicar, Franklin R Changdiaz, Georgia R Nelson, Jill E Cook, Mark Andrew Smith, Marya M Rose, Norman Thomas Linebarger, Pat Ward, Richard Joseph Freeland, Steven M Chapman, 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 Capital World Investors, AQR Capital Management LLC, BlackRock Inc., Janus Henderson Group PLC, PNC Financial Services Group Inc., FMR LLC, Mitsubishi UFJ Trust & Banking Corp and Bridgewater Associates LP. 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, Pat Ward, Tony Satterthwaite and Tracy A Embree. View Insider Buying and Selling for Cummins.

Which institutional investors are buying Cummins stock?

CMI stock was bought by a variety of institutional investors in the last quarter, including LSV Asset Management, Wells Fargo & Company MN, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Bessemer Group Inc., Bank of New York Mellon Corp, American Century Companies Inc. and Schroder Investment Management Group. 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 $143.09.

How big of a company is Cummins?

Cummins has a market capitalization of $23.62 billion and generates $20.43 billion in revenue each year. The company earns $999 million in net income (profit) each year or $10.62 on an earnings per share basis. Cummins employs 20,830 workers across the globe.

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:  635 (Vote Outperform)
Underperform Votes:  655 (Vote Underperform)
Total Votes:  1,290
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 11/20/2018 by MarketBeat.com Staff

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