What is Zacks Research’s Estimate for Cummins Q2 Earnings?

Cummins Inc. (NYSE:CMI) – Equities researchers at Zacks Research upped their Q2 2026 earnings per share (EPS) estimates for shares of Cummins in a research report issued on Thursday, February 19th. Zacks Research analyst Team now anticipates that the company will earn $6.62 per share for the quarter, up from their prior forecast of $6.51. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $22.54 per share. Zacks Research also issued estimates for Cummins’ Q4 2026 earnings at $6.81 EPS, FY2026 earnings at $25.53 EPS, Q1 2027 earnings at $6.14 EPS, Q2 2027 earnings at $7.43 EPS, Q3 2027 earnings at $7.77 EPS, FY2027 earnings at $29.36 EPS and FY2028 earnings at $33.23 EPS.

Cummins (NYSE:CMI) last announced its earnings results on Thursday, February 5th. The company reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $5.17 by $0.64. Cummins had a net margin of 8.44% and a return on equity of 25.71%. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same period in the previous year, the company posted $5.16 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis.

Other equities analysts have also issued reports about the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $675.00 price target on shares of Cummins in a report on Friday, February 6th. Truist Financial reissued a “buy” rating and issued a $703.00 price objective (up previously from $653.00) on shares of Cummins in a research report on Friday, February 6th. Robert W. Baird set a $580.00 target price on Cummins in a research report on Friday, February 6th. JPMorgan Chase & Co. raised their price target on Cummins from $485.00 to $580.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Barclays upped their price objective on shares of Cummins from $546.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $588.93.

Cummins Trading Down 0.6%

NYSE CMI opened at $593.27 on Monday. Cummins has a 52 week low of $260.02 and a 52 week high of $617.98. The company has a 50 day moving average price of $558.23 and a 200 day moving average price of $478.72. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.51. The firm has a market cap of $81.97 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13.

Cummins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Friday, February 20th will be given a $2.00 dividend. The ex-dividend date is Friday, February 20th. This represents a $8.00 dividend on an annualized basis and a yield of 1.3%. Cummins’s dividend payout ratio is currently 38.99%.

Insider Activity at Cummins

In other Cummins news, Director William I. Miller sold 18,107 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $597.10, for a total transaction of $10,811,689.70. Following the completion of the transaction, the director directly owned 34,243 shares of the company’s stock, valued at approximately $20,446,495.30. This trade represents a 34.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brett Michael Merritt sold 1,450 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $489.32, for a total transaction of $709,514.00. Following the completion of the sale, the insider directly owned 9,271 shares in the company, valued at $4,536,485.72. This trade represents a 13.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cummins

A number of institutional investors have recently modified their holdings of CMI. Nicolet Advisory Services LLC grew its holdings in Cummins by 1.6% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,101 shares of the company’s stock worth $619,000 after acquiring an additional 17 shares during the period. Frank Rimerman Advisors LLC boosted its position in Cummins by 0.5% in the 4th quarter. Frank Rimerman Advisors LLC now owns 3,738 shares of the company’s stock worth $1,908,000 after purchasing an additional 18 shares in the last quarter. Financial Consulate Inc. grew its stake in shares of Cummins by 16.8% during the 4th quarter. Financial Consulate Inc. now owns 125 shares of the company’s stock worth $64,000 after purchasing an additional 18 shares during the period. ICW Investment Advisors LLC grew its stake in shares of Cummins by 2.6% during the 4th quarter. ICW Investment Advisors LLC now owns 723 shares of the company’s stock worth $369,000 after purchasing an additional 18 shares during the period. Finally, Gilbert & Cook Inc. increased its holdings in shares of Cummins by 1.0% during the 4th quarter. Gilbert & Cook Inc. now owns 1,856 shares of the company’s stock valued at $947,000 after purchasing an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

About Cummins

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.