Analysts Issue Forecasts for Cummins’ Q4 Earnings (NYSE:CMI)

Cummins Inc. (NYSE:CMI) – Equities researchers at Zacks Research upped their Q4 2026 earnings per share (EPS) estimates for shares of Cummins in a report released on Tuesday, May 19th. Zacks Research analyst Team now expects that the company will earn $7.31 per share for the quarter, up from their prior estimate of $6.81. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $28.39 per share. Zacks Research also issued estimates for Cummins’ Q1 2027 earnings at $6.47 EPS.

A number of other analysts have also recently issued reports on the company. Evercore reissued an “outperform” rating and set a $845.00 target price on shares of Cummins in a research note on Monday, May 11th. Truist Financial set a $815.00 target price on Cummins in a research note on Wednesday, May 6th. Robert W. Baird set a $700.00 target price on Cummins in a research note on Wednesday, May 6th. Wolfe Research cut Cummins from an “outperform” rating to a “peer perform” rating and set a $540.00 target price for the company. in a research note on Monday, January 26th. Finally, Argus set a $696.00 target price on Cummins in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Cummins has a consensus rating of “Moderate Buy” and an average target price of $677.87.

Cummins Price Performance

NYSE CMI opened at $669.22 on Thursday. The business has a 50 day simple moving average of $608.71 and a 200 day simple moving average of $560.58. Cummins has a 52-week low of $307.90 and a 52-week high of $718.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.71. The stock has a market cap of $92.35 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 1.66 and a beta of 1.27.

Cummins (NYSE:CMI) last posted its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.52. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.37 billion. During the same period in the prior year, the business earned $5.96 EPS. Cummins’s revenue for the quarter was up 2.7% compared to the same quarter last year.

Hedge Funds Weigh In On Cummins

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Cummins by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 17,746,775 shares of the company’s stock valued at $9,058,841,000 after buying an additional 98,544 shares in the last quarter. State Street Corp grew its stake in shares of Cummins by 0.8% in the fourth quarter. State Street Corp now owns 6,509,852 shares of the company’s stock valued at $3,322,954,000 after buying an additional 49,628 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Cummins by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 3,584,466 shares of the company’s stock valued at $1,822,534,000 after buying an additional 35,286 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Cummins by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 3,410,723 shares of the company’s stock valued at $1,741,004,000 after buying an additional 43,722 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Cummins by 10,317.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,458,475 shares of the company’s stock valued at $1,254,929,000 after buying an additional 2,434,876 shares in the last quarter. 83.46% of the stock is owned by institutional investors.

Insider Activity at Cummins

In other news, VP Jennifer Mary Bush sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $696.21, for a total transaction of $3,481,050.00. Following the completion of the transaction, the vice president directly owned 11,986 shares of the company’s stock, valued at $8,344,773.06. This trade represents a 29.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nicole Lamb-Hale sold 2,408 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $685.34, for a total transaction of $1,650,298.72. Following the transaction, the chief accounting officer directly owned 14,084 shares of the company’s stock, valued at $9,652,328.56. This represents a 14.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 22,397 shares of company stock worth $14,465,833. 0.30% of the stock is currently owned by corporate insiders.

Cummins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 22nd. Cummins’s dividend payout ratio (DPR) is currently 41.52%.

Cummins Company Profile

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.