Research Analysts Issue Forecasts for Cummins Inc.’s Q4 2024 Earnings (NYSE:CMI)

Cummins Inc. (NYSE:CMI) – Analysts at Zacks Research increased their Q4 2024 EPS estimates for Cummins in a research report issued to clients and investors on Wednesday, August 14th. Zacks Research analyst R. Singhi now forecasts that the company will post earnings per share of $4.74 for the quarter, up from their prior estimate of $4.18. The consensus estimate for Cummins’ current full-year earnings is $18.61 per share. Zacks Research also issued estimates for Cummins’ Q2 2025 earnings at $5.77 EPS, Q3 2025 earnings at $5.28 EPS, Q4 2025 earnings at $5.37 EPS, FY2025 earnings at $21.65 EPS, Q2 2026 earnings at $6.94 EPS and FY2026 earnings at $24.71 EPS.

Cummins (NYSE:CMI) last announced its quarterly earnings data on Thursday, August 1st. The company reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.85 by $0.41. The firm had revenue of $8.80 billion for the quarter, compared to analysts’ expectations of $8.33 billion. Cummins had a net margin of 5.69% and a return on equity of 25.73%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $5.18 earnings per share.

A number of other brokerages have also recently weighed in on CMI. JPMorgan Chase & Co. lifted their price target on shares of Cummins from $275.00 to $285.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Truist Financial lifted their price target on shares of Cummins from $315.00 to $349.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. TD Cowen raised their price objective on shares of Cummins from $272.00 to $292.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Evercore ISI raised their price objective on shares of Cummins from $290.00 to $294.00 and gave the stock an “in-line” rating in a report on Monday. Finally, Robert W. Baird raised their price objective on shares of Cummins from $295.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $299.55.

Cummins Trading Down 0.3 %

Shares of NYSE CMI opened at $300.55 on Monday. The company’s fifty day moving average is $284.47 and its 200-day moving average is $281.73. The stock has a market cap of $41.11 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 1.93 and a beta of 0.99. Cummins has a twelve month low of $212.80 and a twelve month high of $322.83. The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 0.51.

Cummins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 23rd will be paid a $1.82 dividend. This is a positive change from Cummins’s previous quarterly dividend of $1.68. This represents a $7.28 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, August 23rd. Cummins’s payout ratio is presently 53.29%.

Insider Buying and Selling at Cummins

In other news, VP Jeffrey T. Wiltrout acquired 282 shares of the stock in a transaction dated Friday, May 24th. The shares were bought at an average cost of $285.11 per share, for a total transaction of $80,401.02. Following the purchase, the vice president now directly owns 1,262 shares of the company’s stock, valued at $359,808.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Sharon R. Barner sold 4,780 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $300.35, for a total transaction of $1,435,673.00. Following the transaction, the vice president now directly owns 20,873 shares in the company, valued at approximately $6,269,205.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey T. Wiltrout acquired 282 shares of the stock in a transaction dated Friday, May 24th. The shares were purchased at an average price of $285.11 per share, for a total transaction of $80,401.02. Following the completion of the purchase, the vice president now directly owns 1,262 shares in the company, valued at $359,808.82. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Cummins

Hedge funds and other institutional investors have recently modified their holdings of the stock. Beacon Financial Group boosted its holdings in shares of Cummins by 7.0% during the 4th quarter. Beacon Financial Group now owns 1,933 shares of the company’s stock worth $463,000 after buying an additional 126 shares during the period. KBC Group NV boosted its holdings in shares of Cummins by 283.2% during the 4th quarter. KBC Group NV now owns 77,585 shares of the company’s stock worth $18,587,000 after buying an additional 57,341 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Cummins during the 2nd quarter worth about $16,329,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Cummins by 13.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 186,913 shares of the company’s stock worth $55,073,000 after buying an additional 21,850 shares during the period. Finally, Duality Advisers LP boosted its holdings in Cummins by 190.3% in the 1st quarter. Duality Advisers LP now owns 18,440 shares of the company’s stock valued at $5,433,000 after purchasing an additional 12,087 shares during the period. Institutional investors 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.