Zacks Research Issues Positive Estimate for Cummins Earnings

Cummins Inc. (NYSE:CMI) – Analysts at Zacks Research boosted their Q3 2026 EPS estimates for Cummins in a note issued to investors on Wednesday, November 26th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $6.40 for the quarter, up from their previous forecast of $6.19. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $22.54 per share. Zacks Research also issued estimates for Cummins’ Q2 2027 earnings at $7.01 EPS, Q3 2027 earnings at $7.52 EPS and FY2027 earnings at $27.92 EPS.

Several other research firms have also recently commented on CMI. Weiss Ratings restated a “buy (b-)” rating on shares of Cummins in a report on Monday, November 24th. UBS Group upgraded Cummins from a “sell” rating to a “neutral” rating in a report on Tuesday, November 25th. Citigroup lifted their price objective on Cummins from $500.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Evercore ISI reaffirmed an “outperform” rating on shares of Cummins in a research report on Tuesday, August 19th. Finally, Barclays lifted their price target on Cummins from $430.00 to $515.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $476.75.

Cummins Trading Up 1.2%

NYSE:CMI opened at $502.08 on Monday. The stock has a market cap of $69.31 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. Cummins has a fifty-two week low of $260.02 and a fifty-two week high of $504.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.77 and a quick ratio of 1.11. The stock’s 50-day moving average is $445.26 and its two-hundred day moving average is $390.39.

Cummins (NYSE:CMI) last posted its quarterly earnings results on Thursday, November 6th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate of $4.83 by $0.76. The firm had revenue of $8.32 billion for the quarter, compared to analyst estimates of $7.97 billion. Cummins had a return on equity of 26.02% and a net margin of 7.95%.Cummins’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $5.86 earnings per share.

Hedge Funds Weigh In On Cummins

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC bought a new stake in shares of Cummins during the third quarter valued at approximately $28,000. Accredited Wealth Management LLC bought a new stake in Cummins in the 1st quarter valued at $31,000. Osterweis Capital Management Inc. acquired a new position in shares of Cummins in the 2nd quarter valued at $31,000. Guerra Advisors Inc bought a new position in shares of Cummins during the 3rd quarter worth about $36,000. Finally, Salomon & Ludwin LLC boosted its position in shares of Cummins by 1,333.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 86 shares of the company’s stock valued at $37,000 after acquiring an additional 80 shares in the last quarter. 83.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cummins

In other Cummins news, CFO Mark Andrew Smith sold 13,110 shares of Cummins stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $470.66, for a total value of $6,170,352.60. Following the transaction, the chief financial officer directly owned 31,582 shares of the company’s stock, valued at $14,864,384.12. The trade was a 29.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jennifer Rumsey sold 4,570 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $473.89, for a total transaction of $2,165,677.30. Following the transaction, the chief executive officer directly owned 42,880 shares in the company, valued at $20,320,403.20. This trade represents a 9.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,410 shares of company stock valued at $16,424,574 in the last 90 days. 0.41% of the stock is currently owned by insiders.

Cummins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, November 21st will be paid a dividend of $2.00 per share. The ex-dividend date is Friday, November 21st. This represents a $8.00 annualized dividend and a yield of 1.6%. Cummins’s dividend payout ratio is presently 41.52%.

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.