Cummins Inc. (CMI)

NYSE: CMI · Real-Time Price · USD
372.62
+5.58 (1.52%)
Nov 22, 2024, 4:00 PM EST - Market closed
1.52%
Market Cap 51.12B
Revenue (ttm) 34.20B
Net Income (ttm) 2.10B
Shares Out 137.18M
EPS (ttm) 14.95
PE Ratio 24.93
Forward PE 17.02
Dividend $7.28 (1.95%)
Ex-Dividend Date Nov 22, 2024
Volume 306,764
Open 366.90
Previous Close 367.04
Day's Range 366.06 - 373.34
52-Week Range 222.04 - 373.34
Beta 0.97
Analysts Buy
Price Target 332.25 (-10.83%)
Earnings Date Nov 5, 2024

About CMI

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 a... [Read more]

Sector Industrials
Founded 1919
Employees 75,500
Stock Exchange NYSE
Ticker Symbol CMI
Full Company Profile

Financial Performance

In 2023, Cummins's revenue was $34.07 billion, an increase of 21.34% compared to the previous year's $28.07 billion. Earnings were $735.00 million, a decrease of -65.83%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for CMI stock is "Buy." The 12-month stock price forecast is $332.25, which is a decrease of -10.83% from the latest price.

Price Target
$332.25
(-10.83% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Cummins Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. December 2, 2024 Deadline to file Lead Plaintiff Motion

Investors can contact the law firm at no cost to learn more about recovering their losses

9 days ago - GlobeNewsWire

Cummins Celebrates Reopening Its Worldwide Technical Center Hub Office Tower in Columbus, Indiana

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) celebrated the reopening today of its worldwide technical center hub office tower in Columbus, Indiana. The office tower at the Cummins Techni...

17 days ago - Business Wire

Cummins Inc. (CMI) Q3 2024 Earnings Call Transcript

Cummins Inc. (NYSE:CMI) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Chris Clulow - VP, IR Jennifer Rumsey - Chair and CEO Mark Smith - CFO Conference Call Parti...

18 days ago - Seeking Alpha

Cummins posts quarterly profit beat on strong demand for power products from data centers

Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from data centers, sending the shares of the company up more than 4% in pre-market tr...

18 days ago - Reuters

Cummins Reports Strong Third Quarter 2024 Results

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2024. “We achieved strong sales and profitability in the third quarter, led by improvement in ...

18 days ago - Business Wire

Hexagon Agility receives new wave of RNG fuel system orders for Class 8 Series trucks with Cummins X15N natural gas engine

OSLO, Norway , Oct. 30, 2024 /PRNewswire/ -- Hexagon Agility, a subsidiary of Hexagon Composites ASA (OSE: HEX.OL) and the world's leading provider of (renewable) natural gas (RNG/CNG) fuel systems, h...

25 days ago - PRNewsWire

Cummins Inc. Declares Quarterly Common Stock Dividend

COLUMBUS, Ind.--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.82 dollars per share. The dividend is payable on December...

5 weeks ago - Business Wire

Cummins stock: time to buy, or wait for a pullback?

Cummins (NYSE: CMI) stock price has done well over the years. Most recently, it has risen in the past four consecutive months, reaching a record high of $338, and bringing its market cap to over $42 b...

5 weeks ago - Invezz

Inszone Insurance Services Welcomes Cummins Insurance, Further Expanding Bond Market

SACRAMENTO, Calif.--(BUSINESS WIRE)-- #agencyacquisition--Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, is pleased to announce its ac...

6 weeks ago - Business Wire

Cummins: Solid Fundamentals And Undervalued

Cummins Inc. is a global leader in industrial power systems, focusing on diesel, natural gas, electric, and hybrid powertrains, with a strong technical superiority. CMI's strategy involves leveraging ...

7 weeks ago - Seeking Alpha

Cummins: The Compounder Everyone Seems To Ignore

Cummins Inc is a leader in engine and power generation manufacturing, has shown consistent financial performance, growing at a CAGR of 13.6% since the Financial Crisis. Q2'24 results were strong, with...

2 months ago - Seeking Alpha

Cummins: A Blue-Chip Dividend Stock To Buy Now

Shares of Cummins have rallied in the last three months as the S&P 500 has been flat. The company's revenue climbed to a record in the second quarter, and diluted EPS grew as well. CMI's balance sheet...

2 months ago - Seeking Alpha

Dividend Income Summary: Lanny's August 2024 Summary

Investing in dividend stocks allows you to earn dividend income, the best passive income stream. In August, we (my wife and I) received a dividend income total of $1,415.47. 2023 was up 24%. Eight mon...

Other symbols: ABBVCVSITWSOFITTJXUPS
2 months ago - Seeking Alpha

Diesel Common Rail Injection System Global Business Report 2023-2030 Featuring Continental, Cummins, Delphi Technologies, Denso, and Robert Bosch

Dublin, Aug. 30, 2024 (GLOBE NEWSWIRE) -- The "Diesel Common Rail Injection System - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for...

3 months ago - GlobeNewsWire

Cummins: Dividend Strength In A Challenging Economy

Cummins Inc. achieves record revenues and solid profitability in Q2 2024 despite a challenging economic environment. Strategic partnerships and expansion into electric mobility position Cummins for lo...

3 months ago - Seeking Alpha

Cummins is no longer 'the Cummins of old', says Jim Cramer

'Mad Money' host Jim Cramer talks his top industrial plays ahead of rate cuts.

3 months ago - CNBC Television

Cummins CEO Jennifer Rumsey goes one-on-one with Jim Cramer

Cummins Chair and CEO Jennifer Rumsey joins 'Mad Money' host Jim Cramer to talk quarterly results, investing in alternative fuel, generator offerings and more.

4 months ago - CNBC Television

Cummins Inc. (CMI) Q2 2024 Earnings Call Transcript

Cummins Inc. (NYSE:CMI) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Chris Clulow - Vice President, Investor Relations Jennifer Rumsey - Chair & Chief Executive Of...

4 months ago - Seeking Alpha

Cummins raises full-year outlook as demand picks up steam

U.S. truck engine maker Cummins Inc on Thursday beat second-quarter estimates and forecast improved revenue margins boosted by demand in the power generation market, sending its shares up 4.6% in earl...

4 months ago - Reuters

Cummins Reports Strong Second Quarter 2024 Results

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2024. “We achieved record quarterly sales and solid profitability in the second quarter, led ...

4 months ago - Business Wire

6 Dividend Increases Expected In August 2024

6 Dividend Increases Expected In August 2024

Other symbols: BPCTASDEDOVFRT
4 months ago - Seeking Alpha

Cummins Joins SDVerse as a Premier Partner of its One-of-a-Kind Automotive Software Marketplace

DETROIT, July 24, 2024 (GLOBE NEWSWIRE) -- SDVerse , a marketplace for buyers and sellers of automotive software, on July 24th, 2024, announced that global power technology leader Cummins Inc. has joi...

4 months ago - GlobeNewsWire

Accelera by Cummins Awarded $75 Million for Zero-Emissions Manufacturing from Department of Energy

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today that the company has been awarded $75 million to convert approximately 360,000 sq. ft. of existing manufacturing space at its ...

4 months ago - Business Wire

Cummins Demonstrates How its Business and Sustainability Strategies Are Aligned, Effective in 2023-24 Sustainability Progress Report

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) has published its latest annual Sustainability Progress Report, announcing key advancements in the company's efforts to fulfill its mission of...

4 months ago - Business Wire

Biden officials tout grants to retool factories for EVs, including in swing states

The Biden administration has announced $1.7 billion in grants that aim to help convert closed or at-risk automobile facilities into plants that make electric vehicles or EV parts, with the effort due ...

Other symbols: BLBDGMHOGSTLA
4 months ago - Market Watch