Cummins (CMI) Expected to Announce Quarterly Earnings on Monday

Cummins (NYSE:CMI) is expected to be announcing its Q1 2025 earnings results before the market opens on Monday, May 5th. Analysts expect Cummins to post earnings of $5.02 per share and revenue of $8.22 billion for the quarter. Cummins has set its FY 2025 guidance at EPS.

Cummins (NYSE:CMI) last released its earnings results on Tuesday, February 4th. The company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The business had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.06 billion. Cummins had a net margin of 11.57% and a return on equity of 27.12%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.14 EPS. On average, analysts expect Cummins to post $23 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Cummins Trading Up 1.6 %

Shares of CMI stock opened at $299.72 on Friday. The company has a market cap of $41.28 billion, a P/E ratio of 10.64, a PEG ratio of 2.19 and a beta of 1.02. Cummins has a fifty-two week low of $260.02 and a fifty-two week high of $387.90. The stock has a 50 day simple moving average of $310.47 and a two-hundred day simple moving average of $342.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 1.31.

Cummins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Friday, February 21st were issued a dividend of $1.82 per share. The ex-dividend date was Friday, February 21st. This represents a $7.28 annualized dividend and a yield of 2.43%. Cummins’s payout ratio is 25.84%.

Institutional Investors Weigh In On Cummins

An institutional investor recently raised its position in Cummins stock. Brighton Jones LLC lifted its holdings in shares of Cummins Inc. (NYSE:CMI) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,112 shares of the company’s stock after buying an additional 83 shares during the period. Brighton Jones LLC’s holdings in Cummins were worth $736,000 at the end of the most recent quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CMI. Robert W. Baird cut their target price on Cummins from $407.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. UBS Group lowered shares of Cummins from a “buy” rating to a “sell” rating and reduced their target price for the stock from $400.00 to $240.00 in a research note on Monday, April 7th. Evercore ISI raised their price target on shares of Cummins from $408.00 to $451.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Cummins from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, Bank of America upgraded Cummins from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $354.00 to $358.00 in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $346.00.

About Cummins

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers 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; and offers parts and services, as well as remanufactured parts and engines.