Zacks Research Issues Positive Estimate for Cummins Earnings

Cummins Inc. (NYSE:CMI) – Equities research analysts at Zacks Research boosted their Q3 2027 earnings estimates for Cummins in a note issued to investors on Thursday, July 16th. Zacks Research analyst Team now anticipates that the company will post earnings of $9.02 per share for the quarter, up from their prior forecast of $9.00. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $29.35 per share.

A number of other brokerages also recently commented on CMI. Weiss Ratings downgraded shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Argus lifted their price target on Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Truist Financial upped their price objective on Cummins from $815.00 to $901.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. UBS Group reiterated a “buy” rating on shares of Cummins in a report on Wednesday, June 17th. Finally, Evercore reiterated an “outperform” rating and issued a $845.00 price objective on shares of Cummins in a report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Cummins has an average rating of “Moderate Buy” and an average target price of $740.07.

Cummins Price Performance

Shares of CMI opened at $647.67 on Friday. The firm has a market capitalization of $89.37 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 1.58 and a beta of 1.22. The firm’s fifty day simple moving average is $677.02 and its 200-day simple moving average is $614.26. Cummins has a twelve month low of $344.02 and a twelve month high of $737.76. The company has a current ratio of 1.71, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50.

Cummins (NYSE:CMI) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $6.15 EPS for the quarter, topping the consensus estimate of $5.63 by $0.52. Cummins had a net margin of 7.89% and a return on equity of 25.25%. The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.37 billion. During the same quarter in the previous year, the business posted $5.96 EPS. The firm’s revenue was up 2.7% on a year-over-year basis.

Cummins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be given a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 1.4%. This is a boost from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, August 21st. Cummins’s dividend payout ratio is presently 41.52%.

Insider Transactions at Cummins

In other Cummins news, VP Donald G. Jackson sold 730 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $710.92, for a total value of $518,971.60. Following the completion of the transaction, the vice president owned 8,316 shares in the company, valued at $5,912,010.72. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Bonnie J. Fetch sold 652 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $700.19, for a total value of $456,523.88. Following the transaction, the executive vice president directly owned 11,679 shares in the company, valued at approximately $8,177,519.01. The trade was a 5.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,579 shares of company stock valued at $9,377,684 over the last quarter. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cummins

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMI. Northwestern Mutual Wealth Management Co. raised its stake in Cummins by 10,317.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,458,475 shares of the company’s stock valued at $1,254,929,000 after acquiring an additional 2,434,876 shares during the last quarter. Norges Bank acquired a new position in shares of Cummins in the fourth quarter valued at approximately $863,441,000. Boston Partners purchased a new stake in shares of Cummins during the third quarter worth approximately $473,471,000. SG Americas Securities LLC raised its stake in shares of Cummins by 257.9% during the first quarter. SG Americas Securities LLC now owns 736,670 shares of the company’s stock worth $396,343,000 after purchasing an additional 530,812 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Cummins by 245.1% during the fourth quarter. First Trust Advisors LP now owns 542,796 shares of the company’s stock worth $277,071,000 after purchasing an additional 385,525 shares during the period. Hedge funds and other institutional investors own 83.46% of the company’s stock.

More Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Morgan Stanley boosted its price target on Cummins and kept an overweight rating, signaling confidence in further upside. Benzinga
• Neutral Sentiment: Zacks Research slightly raised its Q3 2027 EPS estimate for Cummins to $9.02 from $9.00, a small change that suggests stable longer-term expectations. Article
• Neutral Sentiment: Other Zacks revisions were mixed but generally small, with slight cuts to some FY2027/FY2028 estimates and a continued Hold rating, suggesting analysts are not seeing a major near-term change in fundamentals. Article

Cummins Company Profile

Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.