Cummins Inc. (NYSE:CMI) – Research analysts at Seaport Global Securities issued their FY2017 earnings estimates for Cummins in a note issued to investors on Tuesday. Seaport Global Securities analyst M. Shlisky expects that the company will post earnings per share of $10.25 for the year. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Cummins’ Q4 2017 earnings at $2.65 EPS, Q1 2018 earnings at $2.89 EPS, Q2 2018 earnings at $3.11 EPS, Q3 2018 earnings at $2.96 EPS, Q4 2018 earnings at $3.01 EPS, FY2018 earnings at $11.96 EPS and FY2019 earnings at $12.95 EPS.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.24. Cummins had a net margin of 8.49% and a return on equity of 21.28%. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $4.79 billion. During the same quarter in the previous year, the firm earned $2.02 EPS. The company’s quarterly revenue was up 26.2% compared to the same quarter last year.

Several other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Cummins from a “hold” rating to a “buy” rating and set a $187.00 target price on the stock in a research report on Thursday, September 21st. Royal Bank of Canada boosted their target price on shares of Cummins from $169.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 2nd. Robert W. Baird reissued a “sell” rating and set a $153.00 target price on shares of Cummins in a research report on Thursday, October 12th. Piper Jaffray Companies set a $170.00 target price on shares of Cummins and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Citigroup boosted their target price on shares of Cummins from $175.00 to $183.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. Cummins currently has a consensus rating of “Hold” and a consensus price target of $178.69.

Cummins (NYSE CMI) opened at $183.72 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.57 and a quick ratio of 1.03. Cummins has a 12-month low of $140.18 and a 12-month high of $185.27. The stock has a market cap of $30,490.00, a P/E ratio of 18.67, a PEG ratio of 1.26 and a beta of 1.14.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new position in shares of Cummins in the 3rd quarter valued at $132,000. Bank of Nova Scotia Trust Co. acquired a new position in shares of Cummins in the 3rd quarter valued at $168,000. Krilogy Financial LLC acquired a new position in shares of Cummins in the 3rd quarter valued at $168,000. Sun Life Financial INC lifted its stake in shares of Cummins by 8,684.6% in the 2nd quarter. Sun Life Financial INC now owns 1,142 shares of the company’s stock valued at $185,000 after purchasing an additional 1,129 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Cummins in the 3rd quarter valued at $201,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

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About Cummins

Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company’s segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets.

Earnings History and Estimates for Cummins (NYSE:CMI)

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