Cummins (NYSE:CMI) Issues Quarterly Earnings Results, Beats Expectations By $0.46 EPS

Cummins (NYSE:CMI) issued its quarterly earnings data on Tuesday. The company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46, Zacks reports. Cummins had a net margin of 6.13% and a return on equity of 26.86%. The firm had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same quarter in the previous year, the business posted $4.14 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Cummins updated its FY 2025 guidance to EPS.

Cummins Stock Performance

Shares of CMI stock opened at $370.03 on Thursday. Cummins has a 12-month low of $236.00 and a 12-month high of $387.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.32 and a quick ratio of 0.79. The firm has a market capitalization of $50.76 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00. The business has a 50 day simple moving average of $361.92 and a 200 day simple moving average of $334.98.

Insider Buying and Selling at Cummins

In other Cummins news, VP Sharon R. Barner sold 2,001 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $358.43, for a total value of $717,218.43. Following the completion of the sale, the vice president now directly owns 20,803 shares in the company, valued at $7,456,419.29. This represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 6,490 shares of company stock valued at $2,357,880 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Barclays lifted their price objective on Cummins from $310.00 to $381.00 and gave the stock an “equal weight” rating in a report on Wednesday. Vertical Research lowered shares of Cummins from a “buy” rating to a “hold” rating and set a $350.00 target price on the stock. in a research note on Wednesday, November 6th. Bank of America upgraded Cummins from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $354.00 to $358.00 in a research note on Tuesday, January 14th. Robert W. Baird increased their target price on Cummins from $395.00 to $407.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Truist Financial upped their price target on Cummins from $424.00 to $425.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $383.08.

Cummins Company Profile

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.