Cummins (CMI) Expected to Announce Quarterly Earnings on Monday

Cummins (NYSE:CMI) is expected to be releasing its Q1 2025 earnings data before the market opens on Monday, May 5th. Analysts expect Cummins to post earnings of $5.02 per share and revenue of $8.22 billion for the quarter. Cummins has set its FY 2025 guidance at EPS.

Cummins (NYSE:CMI) last posted its earnings results on Tuesday, February 4th. The company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The firm had revenue of $8.45 billion for the quarter, compared to the consensus estimate of $8.06 billion. Cummins had a net margin of 11.57% and a return on equity of 27.12%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $4.14 EPS. On average, analysts expect Cummins to post $23 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Cummins Trading Down 0.1 %

CMI opened at $293.56 on Monday. The business’s 50 day moving average is $318.12 and its two-hundred day moving average is $343.89. Cummins has a 52 week low of $260.02 and a 52 week high of $387.90. The firm has a market cap of $40.44 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 2.19 and a beta of 1.07. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Cummins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Friday, February 21st were issued a $1.82 dividend. The ex-dividend date was Friday, February 21st. This represents a $7.28 dividend on an annualized basis and a dividend yield of 2.48%. Cummins’s payout ratio is 25.84%.

Institutional Investors Weigh In On Cummins

A hedge fund recently raised its stake in Cummins stock. Brighton Jones LLC increased its position in Cummins Inc. (NYSE:CMI) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,112 shares of the company’s stock after buying an additional 83 shares during the period. Brighton Jones LLC’s holdings in Cummins were worth $736,000 as of its most recent SEC filing. 83.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMI. Bank of America upgraded Cummins from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $354.00 to $358.00 in a research report on Tuesday, January 14th. Truist Financial cut their price target on Cummins from $420.00 to $338.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Barclays lifted their price objective on shares of Cummins from $310.00 to $381.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Citigroup cut their price objective on shares of Cummins from $360.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com downgraded shares of Cummins from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Cummins has an average rating of “Hold” and a consensus price target of $346.00.

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.