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

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$156.27 -0.18 (-0.12 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$156.45
Today's Range$155.71 - $158.34
52-Week Range$124.40 - $172.08
Volume984,138 shs
Average Volume1.38 million shs
Market Capitalization$25.89 billion
P/E Ratio11.81
Dividend Yield2.91%
Beta1.09
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$23.77 billion
Cash Flow$17.2865 per share
Book Value$51.44 per share

Profitability

Net Income$2.14 billion

Miscellaneous

Employees62,610
Market Cap$25.89 billion
Next Earnings Date5/7/2019 (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 announced a quarterly dividend on Tuesday, February 12th. Shareholders of record on Friday, February 22nd will be given a dividend of $1.14 per share on Thursday, March 7th. This represents a $4.56 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, February 21st. View Cummins' Dividend History.

How will Cummins' stock buyback program work?

Cummins announced that its board has initiated a share buyback plan on Tuesday, October 9th 2018, 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 8.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) posted its quarterly earnings results on Wednesday, February, 6th. The company reported $3.48 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $3.81 by $0.33. The business had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.08 billion. Cummins had a net margin of 9.01% and a return on equity of 29.71%. Cummins's quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.03 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, May 7th 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 Wednesday, February, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $23.771-24.722 billion, compared to the consensus revenue estimate of $24.4 billion.

What price target have analysts set for CMI?

19 brokerages have issued twelve-month target prices for Cummins' shares. Their predictions range from $130.00 to $195.00. On average, they expect Cummins' share price to reach $161.4941 in the next twelve months. This suggests a possible upside of 3.3% 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?

Press coverage about CMI stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. 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 news sentiment score of -1.8 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

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), Gilead Sciences (GILD), NVIDIA (NVDA), Boeing (BA), General Electric (ge), Home Depot (HD), Alibaba Group (BABA), Walt Disney (DIS) and Exxon Mobil (XOM).

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 number of of retail and institutional investors. Top institutional investors include Oregon Public Employees Retirement Fund (7.73%), BlackRock Inc. (6.91%), LSV Asset Management (2.29%), Boston Partners (2.28%), American Century Companies Inc. (1.51%) and Geode Capital Management LLC (1.51%). 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, Srikanth Padmanabhan, Steven M Chapman, 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 Boston Partners, FMR LLC, Bessemer Group Inc., Nordea Investment Management AB, Los Angeles Capital Management & Equity Research Inc., APG Asset Management N.V., HM Payson & Co. and Voloridge Investment Management LLC. 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 bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Parnassus Investments CA, Bank of Nova Scotia, Beutel Goodman & Co Ltd., LSV Asset Management, Dimensional Fund Advisors LP and Alps Advisors Inc.. 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 $156.27.

How big of a company is Cummins?

Cummins has a market capitalization of $25.89 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.

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:  654 (Vote Outperform)
Underperform Votes:  680 (Vote Underperform)
Total Votes:  1,334
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 3/26/2019 by MarketBeat.com Staff

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