Zacks Research Weighs in on Cummins’ Q3 Earnings (NYSE:CMI)

Cummins Inc. (NYSE:CMI) – Research analysts at Zacks Research boosted their Q3 2026 earnings estimates for Cummins in a note issued to investors on Wednesday, November 26th. Zacks Research analyst Team now forecasts that the company will post earnings of $6.40 per share for the quarter, up from their prior estimate of $6.19. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $22.54 per share. Zacks Research also issued estimates for Cummins’ Q2 2027 earnings at $7.01 EPS, Q3 2027 earnings at $7.52 EPS and FY2027 earnings at $27.92 EPS.

Cummins (NYSE:CMI) last issued its quarterly earnings results on Thursday, November 6th. The company reported $5.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.83 by $0.76. Cummins had a return on equity of 26.96% and a net margin of 8.72%.The business had revenue of $8.32 billion for the quarter, compared to analyst estimates of $7.97 billion. During the same quarter in the previous year, the firm earned $5.86 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis.

CMI has been the topic of a number of other reports. Weiss Ratings restated a “buy (b-)” rating on shares of Cummins in a research report on Monday, November 24th. Truist Financial set a $628.00 target price on shares of Cummins and gave the stock a “buy” rating in a research note on Monday, November 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $475.00 price target on shares of Cummins in a research note on Friday, November 7th. JPMorgan Chase & Co. increased their price objective on shares of Cummins from $400.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Finally, Melius raised Cummins from a “hold” rating to a “buy” rating and set a $500.00 target price for the company in a research report on Wednesday, September 3rd. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $476.75.

Cummins Trading Down 0.0%

Shares of Cummins stock opened at $497.08 on Monday. The stock has a market cap of $68.61 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07. The firm has a fifty day moving average price of $442.27 and a 200 day moving average price of $388.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.64 and a quick ratio of 1.03. Cummins has a 1 year low of $260.02 and a 1 year high of $500.17.

Cummins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, November 21st will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. Cummins’s payout ratio is presently 41.52%.

Insider Activity at Cummins

In related news, CFO Mark Andrew Smith sold 13,110 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $470.66, for a total transaction of $6,170,352.60. Following the completion of the sale, the chief financial officer owned 31,582 shares in the company, valued at $14,864,384.12. This represents a 29.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brett Michael Merritt sold 1,450 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $489.32, for a total transaction of $709,514.00. Following the transaction, the insider directly owned 9,271 shares in the company, valued at $4,536,485.72. The trade was a 13.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 36,410 shares of company stock worth $16,424,574 in the last 90 days. 0.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Cummins

Institutional investors have recently added to or reduced their stakes in the stock. United Capital Management of KS Inc. lifted its position in shares of Cummins by 2.0% during the 3rd quarter. United Capital Management of KS Inc. now owns 1,149 shares of the company’s stock valued at $485,000 after buying an additional 22 shares during the last quarter. Betterment LLC increased its holdings in Cummins by 3.5% in the 3rd quarter. Betterment LLC now owns 673 shares of the company’s stock worth $284,000 after acquiring an additional 23 shares during the last quarter. Stock Yards Bank & Trust Co. raised its stake in Cummins by 0.4% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 5,917 shares of the company’s stock valued at $2,499,000 after acquiring an additional 24 shares during the period. Whittier Trust Co. boosted its position in Cummins by 0.9% during the third quarter. Whittier Trust Co. now owns 2,667 shares of the company’s stock worth $1,154,000 after purchasing an additional 24 shares during the period. Finally, Howard Capital Management Inc. increased its stake in shares of Cummins by 2.9% in the third quarter. Howard Capital Management Inc. now owns 863 shares of the company’s stock worth $365,000 after purchasing an additional 24 shares in the last quarter. 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.