FY2027 EPS Estimates for Cummins Lifted by Zacks Research

Cummins Inc. (NYSE:CMI) – Research analysts at Zacks Research upped their FY2027 EPS estimates for shares of Cummins in a note issued to investors on Thursday, July 16th. Zacks Research analyst Team now forecasts that the company will post earnings of $33.57 per share for the year, up from their previous forecast of $33.53. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $29.34 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.

Cummins (NYSE:CMI) last issued its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, topping 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 business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.37 billion. During the same period last year, the company posted $5.96 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis.

Other equities analysts have also issued reports about the company. Morgan Stanley lifted their price objective on Cummins from $752.00 to $761.00 and gave the company an “overweight” rating in a research note on Friday. Barclays increased their target price on shares of Cummins from $610.00 to $760.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein restated a “market perform” rating on shares of Cummins in a report on Friday, May 22nd. Raymond James Financial lifted their price target on shares of Cummins from $675.00 to $745.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Finally, Robert W. Baird set a $700.00 price objective on shares of Cummins in a research note on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $740.07.

Cummins Stock Performance

Shares of NYSE:CMI opened at $647.67 on Monday. The firm has a market capitalization of $89.37 billion, a PE ratio of 33.61, a P/E/G ratio of 1.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.71 and a quick ratio of 1.11. The business has a 50-day moving average of $677.02 and a two-hundred day moving average of $614.96. Cummins has a 12 month low of $344.02 and a 12 month high of $737.76.

Cummins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be paid a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. This is a boost from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date is Friday, August 21st. Cummins’s payout ratio is currently 41.52%.

Insider Buying and Selling at Cummins

In related 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 completion of the sale, the vice president directly owned 9,447 shares of the company’s stock, valued at approximately $6,556,784.82. This trade represents a 6.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bonnie J. Fetch sold 652 shares of Cummins stock in a transaction on Monday, May 11th. The stock was sold at an average price of $700.19, for a total transaction of $456,523.88. Following the sale, the executive vice president directly owned 11,679 shares in the company, valued at $8,177,519.01. This trade represents a 5.29% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 13,579 shares of company stock worth $9,377,684. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cummins

Several hedge funds and other institutional investors have recently bought and sold shares of CMI. Thompson Investment Management Inc. acquired a new stake in shares of Cummins during the fourth quarter worth approximately $26,000. Activest Wealth Management raised its holdings in Cummins by 537.5% in the fourth quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after acquiring an additional 43 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in 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 acquiring an additional 45 shares during the last quarter. Wellington Shields Capital Management LLC acquired a new position in Cummins during the 4th quarter worth $27,000. Finally, Key Financial Inc grew its holdings in Cummins by 62.5% during the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock worth $28,000 after acquiring an additional 20 shares in the last quarter. 83.46% of the stock is currently owned by hedge funds and other institutional investors.

Cummins News Summary

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Morgan Stanley boosted its price target on Cummins and kept an overweight rating, signaling confidence in further upside. Benzinga
• Neutral Sentiment: Zacks Research slightly raised its Q3 2027 EPS estimate for Cummins to $9.02 from $9.00, a small change that suggests stable longer-term expectations. Article
• Neutral Sentiment: Other Zacks revisions were mixed but generally small, with slight cuts to some FY2027/FY2028 estimates and a continued Hold rating, suggesting analysts are not seeing a major near-term change in fundamentals. Article

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.