Zacks Research Equities Analysts Increase Earnings Estimates for Cummins Inc. (NYSE:CMI)

Cummins Inc. (NYSE:CMI) – Stock analysts at Zacks Research increased their Q1 2025 earnings per share estimates for shares of Cummins in a report issued on Thursday, June 20th. Zacks Research analyst R. Singhi now anticipates that the company will post earnings per share of $5.65 for the quarter, up from their prior estimate of $5.42. The consensus estimate for Cummins’ current full-year earnings is $18.84 per share. Zacks Research also issued estimates for Cummins’ Q2 2025 earnings at $5.85 EPS, Q3 2025 earnings at $5.32 EPS, Q4 2025 earnings at $5.45 EPS, FY2025 earnings at $22.28 EPS, Q1 2026 earnings at $6.04 EPS and FY2026 earnings at $25.39 EPS.

Cummins (NYSE:CMI) last posted its earnings results on Thursday, May 2nd. The company reported $5.10 earnings per share for the quarter, missing analysts’ consensus estimates of $5.11 by ($0.01). The company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.36 billion. Cummins had a return on equity of 25.38% and a net margin of 5.70%.

CMI has been the topic of several other research reports. JPMorgan Chase & Co. upped their price objective on Cummins from $245.00 to $275.00 and gave the stock an “underweight” rating in a research report on Monday, March 25th. UBS Group raised Cummins from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $254.00 to $321.00 in a research note on Friday, March 15th. StockNews.com raised shares of Cummins from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Truist Financial reiterated a “hold” rating and issued a $319.00 price objective on shares of Cummins in a research report on Wednesday, May 15th. Finally, The Goldman Sachs Group upped their price objective on shares of Cummins from $270.00 to $306.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $284.36.

Cummins Price Performance

NYSE CMI opened at $283.96 on Monday. The stock’s fifty day moving average price is $283.16 and its 200 day moving average price is $267.84. The company has a market cap of $38.84 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.73 and a beta of 1.02. Cummins has a 1 year low of $212.80 and a 1 year high of $304.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 0.84.

Cummins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 24th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, May 23rd. Cummins’s dividend payout ratio is presently 49.19%.

Insider Buying and Selling

In related news, VP Sharon R. Barner sold 3,880 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $286.86, for a total value of $1,113,016.80. Following the sale, the vice president now directly owns 20,873 shares in the company, valued at approximately $5,987,628.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Marvin Boakye acquired 1,745 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $286.04 per share, with a total value of $499,139.80. Following the acquisition, the vice president now directly owns 1,745 shares in the company, valued at $499,139.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Sharon R. Barner sold 3,880 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $286.86, for a total value of $1,113,016.80. Following the sale, the vice president now owns 20,873 shares of the company’s stock, valued at approximately $5,987,628.78. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Cummins

Several hedge funds have recently added to or reduced their stakes in the stock. First United Bank & Trust bought a new position in shares of Cummins during the fourth quarter worth about $25,000. Private Wealth Management Group LLC acquired a new stake in shares of Cummins during the 4th quarter worth approximately $26,000. Silver Oak Securities Incorporated bought a new position in Cummins in the third quarter valued at about $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Cummins during the fourth quarter worth $31,000. Finally, LRI Investments LLC bought a new position in Cummins in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 83.46% of the company’s stock.

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.