Zacks Research Has Strong Forecast for Cummins Q1 Earnings

Cummins Inc. (NYSE:CMI) – Equities research analysts at Zacks Research boosted their Q1 2027 earnings per share estimates for shares of Cummins in a report released on Thursday, June 4th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $6.73 for the quarter, up from their prior estimate of $6.47. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $29.29 per share. Zacks Research also issued estimates for Cummins’ Q2 2027 earnings at $8.30 EPS, Q3 2027 earnings at $8.58 EPS, Q4 2027 earnings at $8.79 EPS, FY2027 earnings at $32.40 EPS, Q1 2028 earnings at $8.00 EPS and FY2028 earnings at $36.03 EPS.

Cummins (NYSE:CMI) last announced its earnings results on Tuesday, May 5th. The company reported $6.15 EPS for the quarter, topping analysts’ consensus estimates of $5.63 by $0.52. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.37 billion. During the same period last year, the firm earned $5.96 EPS. Cummins’s revenue for the quarter was up 2.7% compared to the same quarter last year.

CMI has been the topic of a number of other reports. Evercore reaffirmed an “outperform” rating and issued a $845.00 target price on shares of Cummins in a report on Monday, May 11th. Barclays raised their target price on Cummins from $610.00 to $760.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Citigroup raised their target price on Cummins from $710.00 to $770.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird set a $700.00 target price on Cummins in a report on Wednesday, May 6th. Finally, UBS Group set a $565.00 target price on Cummins and gave the stock a “neutral” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $705.79.

Cummins Price Performance

Shares of Cummins stock opened at $677.76 on Friday. Cummins has a one year low of $307.90 and a one year high of $718.08. The stock’s fifty day moving average is $633.79 and its 200 day moving average is $576.06. The stock has a market cap of $93.52 billion, a P/E ratio of 35.17, a P/E/G ratio of 1.67 and a beta of 1.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.71.

Institutional Investors Weigh In On Cummins

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its holdings in shares of Cummins by 123.1% during the 1st quarter. NewEdge Advisors LLC now owns 96,147 shares of the company’s stock valued at $51,729,000 after purchasing an additional 53,048 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of Cummins during the 1st quarter valued at about $179,000. First Nebraska Trust Co bought a new position in shares of Cummins during the 1st quarter valued at about $704,000. Financial Solutions Advisory Group Inc. bought a new position in shares of Cummins during the 1st quarter valued at about $4,823,000. Finally, Keel Point LLC boosted its holdings in shares of Cummins by 16.2% during the 1st quarter. Keel Point LLC now owns 1,229 shares of the company’s stock valued at $661,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Insiders Place Their Bets

In other Cummins news, VP Nathan R. Stoner sold 607 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $694.06, for a total value of $421,294.42. Following the completion of the sale, the vice president owned 9,447 shares in the company, valued at approximately $6,556,784.82. This represents a 6.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Donald G. Jackson sold 730 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $710.92, for a total value of $518,971.60. Following the completion of the sale, the vice president owned 8,316 shares of the company’s stock, valued at $5,912,010.72. The trade was a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,579 shares of company stock worth $9,377,684 in the last three months. 0.30% of the stock is owned by company insiders.

Cummins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, May 22nd were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, May 22nd. Cummins’s dividend payout ratio is presently 41.52%.

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.