Cummins (NYSE: CMI) is expected to release its results before market opens on Tuesday, August 3. Analysts expect Cummins to post earnings of $ 4.04 per share for the quarter. Investors who wish to participate in the company’s conference call can do so by using this link.
Cummins (NYSE: CMI) last released its quarterly results on Monday, May 3. The company reported earnings per share (EPS) of $ 4.04 for the quarter, beating Thomson Reuters’ consensus estimate of $ 3.47 by $ 0.57. The company posted revenue of $ 6.09 billion in the quarter, compared to a consensus estimate of $ 5.38 billion. Cummins reported a return on equity of 22.10% and a net margin of 9.00%. The company’s quarterly revenue increased 21.6% year-over-year. During the same period of the previous year, the company posted EPS of $ 3.18. On average, analysts expect Cummins to post $ 16 EPS for the current fiscal year and $ 19 EPS for the next fiscal year.
CMI opened at $ 236.50 on Tuesday. The company has a fifty-day moving average price of $ 246.51. The company has a market cap of $ 34.66 billion, a P / E ratio of 18.70, a PEG ratio of 1.31 and a beta of 1.07. Cummins has a one-year low at $ 186.95 and a one-year high at $ 277.09. The company has a leverage ratio of 0.40, a current ratio of 1.82, and a quick ratio of 1.26.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 2. Investors of record on Friday August 20 will receive a dividend of $ 1.45. The ex-dividend date is Thursday August 19. This is an increase from Cummins’ previous quarterly dividend of $ 1.35. This represents an annualized dividend of $ 5.80 and a return of 2.45%. Cummins’ payout ratio is 44.33%.
Several analysts recently published reports on CMI stocks. Bank of America downgraded Cummins from a “neutral” rating to a “buy” rating and set a price target of $ 325.00 for the company in a research note on Monday, May 17. Robert W. Baird reiterated a “conservation” note on Cummins’ actions in a research report on Thursday, May 6. Vertical Research downgraded Cummins from a “keep” rating to a “buy” rating in a research report released on Monday. BMO Capital Markets raised its target price on Cummins from $ 235.00 to $ 270.00 and assigned the company a “market performance” rating in a research report on Thursday, May 6. To finish, Zacks investment research downgraded Cummins from a “buy” rating to a “keep” rating and set a target price of $ 251.00 for the company. in a research report on Thursday, July 15. One research analyst rated the stock with a sell rating, nine assigned a conservation rating, and ten assigned a buy rating to the company’s stock. Cummins currently has an average “Hold” rating and an average price target of $ 267.35.
Cummins Company Profile
Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines, electric and hybrid powertrains and related components around the world. It operates through five segments: Engine, Distribution, Components, Power Systems and New Energy. The company offers diesel and natural gas engines under the brands of Cummins and other customers for heavy and medium trucks, buses, recreational vehicles, light vehicles, construction, mining, marine, rail , oil and gas, defense and agricultural markets; and offers new parts and services, as well as refurbished parts and engines.
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