Zacks Research Has Positive View of Cummins FY2026 Earnings

Cummins Inc. (NYSE:CMI) – Analysts at Zacks Research lifted their FY2026 earnings estimates for shares of Cummins in a note issued to investors on Thursday, January 29th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $25.89 for the year, up from their previous forecast of $25.84. Zacks Research currently 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’ Q4 2026 earnings at $6.82 EPS, Q1 2027 earnings at $6.47 EPS, Q2 2027 earnings at $7.64 EPS, Q3 2027 earnings at $7.92 EPS, Q4 2027 earnings at $7.72 EPS and FY2027 earnings at $29.74 EPS.

Cummins (NYSE:CMI) last released its earnings results on Thursday, November 6th. The company reported $5.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.83 by $0.76. Cummins had a net margin of 7.95% and a return on equity of 26.02%. The business had revenue of $8.32 billion during the quarter, compared to the consensus estimate of $7.97 billion. During the same quarter last year, the firm earned $5.86 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year.

A number of other research analysts also recently weighed in on the company. Sanford C. Bernstein restated a “market perform” rating and issued a $475.00 price target on shares of Cummins in a research note on Friday, November 7th. UBS Group raised Cummins from a “sell” rating to a “neutral” rating in a report on Tuesday, November 25th. Citigroup boosted their target price on shares of Cummins from $580.00 to $630.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Truist Financial upped their price target on shares of Cummins from $628.00 to $653.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Cummins in a research report on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $522.07.

Cummins Price Performance

Shares of NYSE CMI opened at $578.24 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.77 and a quick ratio of 1.11. The business has a 50-day moving average of $532.03 and a 200-day moving average of $454.55. The stock has a market capitalization of $79.82 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.03 and a beta of 1.13. Cummins has a fifty-two week low of $260.02 and a fifty-two week high of $592.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMI. Thompson Investment Management Inc. bought a new stake in shares of Cummins in the fourth quarter valued at about $26,000. Activest Wealth Management boosted its holdings in Cummins by 537.5% in the 4th quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after purchasing an additional 43 shares during the period. Ares Financial Consulting LLC bought a new stake in Cummins in the 4th quarter valued at about $29,000. Holos Integrated Wealth LLC acquired a new position in shares of Cummins during the 4th quarter worth approximately $32,000. Finally, Palouse Capital Management Inc. bought a new position in shares of Cummins during the fourth quarter worth approximately $33,000. 83.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Mark Andrew Smith sold 13,110 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $470.66, for a total value of $6,170,352.60. Following the transaction, the chief financial officer owned 31,582 shares of the company’s stock, valued at approximately $14,864,384.12. This represents a 29.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer Rumsey sold 4,570 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $473.89, for a total value of $2,165,677.30. Following the transaction, the chief executive officer owned 42,880 shares in the company, valued at approximately $20,320,403.20. This trade represents a 9.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 19,130 shares of company stock valued at $9,045,544. Company insiders own 0.41% of the company’s stock.

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.