Cummins (CMI) Earns Coverage Optimism Score of 0.15
News stories about Cummins (NYSE:CMI) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cummins earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.3039398560503 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Bearish Signals Shown in Cummins Inc (CMI) Charts – Newburgh Gazette (newburghgazette.com)
- Weigh On Beatable Move : Cummins Inc. (NYSE:CMI) – Investing News Update (investingbizz.com)
- Cummins Inc. (CMI) Stake Increased by Susquehanna International Group, Llp – Highlight Press (highlightpress.com)
- Cummins Inc. (CMI) Ex-Dividend Date Scheduled for August 16, 2017 – Nasdaq (nasdaq.com)
- Cummins Recognizes Top U.S. Suppliers (finance.yahoo.com)
Shares of Cummins (NYSE CMI) traded down 0.42% on Tuesday, reaching $155.59. The company had a trading volume of 1,308,385 shares. The stock has a market capitalization of $25.98 billion, a P/E ratio of 17.59 and a beta of 1.09. The company’s 50 day moving average price is $162.48 and its 200-day moving average price is $155.48. Cummins has a 1-year low of $116.03 and a 1-year high of $170.68.
Cummins (NYSE:CMI) last announced its earnings results on Tuesday, August 1st. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.58 by $0.05. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Cummins had a net margin of 8.10% and a return on equity of 20.67%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.40 EPS. Equities analysts predict that Cummins will post $7.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $1.08 dividend. This is an increase from Cummins’s previous quarterly dividend of $1.03. The ex-dividend date is Wednesday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.78%. Cummins’s payout ratio is 46.28%.
CMI has been the topic of a number of recent research reports. Deutsche Bank AG restated a “sell” rating and set a $154.00 price objective (up from $142.00) on shares of Cummins in a research report on Wednesday, May 3rd. Wells Fargo & Company raised Cummins from a “market perform” rating to an “outperform” rating in a research note on Monday, April 17th. ValuEngine raised Cummins from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Cummins from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Thursday, July 20th. Finally, Barclays PLC upped their target price on Cummins from $137.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $156.21.
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In other Cummins news, Director Franklin R. Changdiaz sold 1,633 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $159.27, for a total value of $260,087.91. Following the completion of the transaction, the director now owns 5,814 shares in the company, valued at $925,995.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Anant Talaulicar sold 1,650 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $157.50, for a total transaction of $259,875.00. Following the completion of the transaction, the vice president now owns 13,029 shares of the company’s stock, valued at approximately $2,052,067.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,969 shares of company stock valued at $10,053,755. Insiders own 0.62% of the company’s stock.
Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company’s segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets.
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