Zacks Research Estimates Cummins’ FY2027 Earnings (NYSE:CMI)

Cummins Inc. (NYSE:CMI) – Zacks Research upped their FY2027 earnings per share (EPS) estimates for shares of Cummins in a report released on Thursday, July 16th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $33.57 for the year, up from their previous forecast of $33.53. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $29.39 per share. Zacks Research also issued estimates for Cummins’ Q4 2027 earnings at $9.04 EPS, Q1 2028 earnings at $9.07 EPS, Q2 2028 earnings at $9.88 EPS and FY2028 earnings at $40.40 EPS.

Other analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on shares of Cummins from $600.00 to $725.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their price target on shares of Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. UBS Group reaffirmed a “buy” rating on shares of Cummins in a report on Wednesday, June 17th. Finally, Argus increased their price objective on Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cummins currently has an average rating of “Moderate Buy” and a consensus target price of $740.07.

Cummins Price Performance

CMI stock opened at $659.94 on Monday. The firm has a 50 day moving average of $674.90 and a 200-day moving average of $616.91. The firm has a market capitalization of $91.07 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. Cummins has a 12 month low of $344.02 and a 12 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 announced its quarterly earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.63 by $0.52. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.37 billion. During the same period in the prior year, the business posted $5.96 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis.

Cummins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be paid a $2.20 dividend. This is an increase from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 21st. Cummins’s payout ratio is 41.52%.

Insider Buying and Selling at Cummins

In other news, VP Nathan R. Stoner sold 607 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $694.06, for a total transaction of $421,294.42. Following the sale, the vice president owned 9,447 shares in the company, valued at approximately $6,556,784.82. This trade represents a 6.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Donald G. Jackson sold 730 shares of Cummins stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $710.92, for a total transaction of $518,971.60. Following the sale, the vice president directly owned 8,316 shares of the company’s stock, valued at $5,912,010.72. This represents a 8.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,579 shares of company stock valued at $9,377,684 over the last quarter. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CMI. Elevation Wealth Partners LLC boosted its holdings in shares of Cummins by 91.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 46 shares of the company’s stock worth $33,000 after purchasing an additional 22 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in shares of Cummins by 1,500.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Thompson Investment Management Inc. purchased a new position in shares of Cummins during the 4th quarter valued at about $26,000. Activest Wealth Management lifted its position in Cummins by 537.5% in the 4th quarter. Activest Wealth Management now owns 51 shares of the company’s stock worth $26,000 after buying an additional 43 shares during the last quarter. Finally, Wellington Shields Capital Management LLC bought a new stake in Cummins in the 4th quarter worth approximately $27,000. 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.