Cummins Inc. (NYSE:CMI – Free Report) – Analysts at Zacks Research upped their Q2 2026 EPS estimates for Cummins in a research report issued to clients and investors on Tuesday, May 19th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $7.50 for the quarter, up from their prior forecast of $6.62. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $28.39 per share. Zacks Research also issued estimates for Cummins’ Q3 2026 earnings at $8.32 EPS, FY2026 earnings at $29.28 EPS, Q2 2027 earnings at $8.12 EPS, Q3 2027 earnings at $8.48 EPS, Q4 2027 earnings at $8.66 EPS, FY2027 earnings at $31.73 EPS, Q1 2028 earnings at $7.71 EPS and FY2028 earnings at $35.32 EPS.
Cummins (NYSE:CMI – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.52. The firm had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.37 billion. Cummins had a net margin of 7.89% and a return on equity of 25.25%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $5.96 EPS.
Check Out Our Latest Report on Cummins
Cummins Trading Down 4.7%
NYSE CMI opened at $638.16 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50. Cummins has a 1-year low of $307.90 and a 1-year high of $718.08. The stock has a 50-day moving average of $610.34 and a 200-day moving average of $561.99. The firm has a market cap of $88.06 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27.
Cummins Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 22nd. Cummins’s payout ratio is presently 41.52%.
Insiders Place Their Bets
In other news, VP Donald G. Jackson sold 1,600 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $600.13, for a total value of $960,208.00. Following the completion of the sale, the vice president directly owned 7,214 shares of the company’s stock, valued at $4,329,337.82. This represents a 18.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jennifer Mary Bush sold 5,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $696.21, for a total value of $3,481,050.00. Following the completion of the sale, the vice president owned 11,986 shares of the company’s stock, valued at $8,344,773.06. The trade was a 29.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 22,397 shares of company stock valued at $14,465,833. Insiders own 0.30% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in CMI. Cedar Mountain Advisors LLC grew its holdings in shares of Cummins by 1,500.0% in the first quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Thompson Investment Management Inc. purchased a new stake in Cummins in the 4th quarter worth about $26,000. Activest Wealth Management lifted its stake in shares of Cummins by 537.5% during the 4th quarter. Activest Wealth Management now owns 51 shares of the company’s stock worth $26,000 after acquiring an additional 43 shares during the last quarter. Wellington Shields Capital Management LLC bought a new stake in shares of Cummins during the fourth quarter worth $27,000. Finally, Key Financial Inc lifted its holdings in Cummins by 62.5% during the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock valued at $28,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.
More Cummins News
Here are the key news stories impacting Cummins this week:
- Positive Sentiment: Zacks Research raised earnings estimates across multiple future periods for Cummins, including FY2026 to $29.28 per share, FY2027 to $31.73, and FY2028 to $35.32, while keeping a Strong-Buy rating. Higher profit forecasts typically support a stronger valuation. Article
- Positive Sentiment: Cummins also said at its investor day that it is raising 2030 financial targets and investing in large-engine capacity and product development, signaling confidence in longer-term growth and profitability. Article
- Positive Sentiment: A Barron’s report highlighted that CEO Jennifer Rumsey is positioning Cummins to benefit from the AI/datacenter buildout, which may improve investor sentiment around future demand. Article
- Neutral Sentiment: Seeking Alpha posted an Analyst/Investor Day slideshow, which mainly reiterates the company’s strategy and is less likely to be a direct stock-moving catalyst. Article
- Negative Sentiment: A separate Business Wire item said a Delaware jury found Cummins liable for misappropriating C3 AI trade secrets. While the market appears more focused on the bullish growth updates, the legal ruling could still create risk or headline pressure. Article
About Cummins
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.
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