Cummins Inc. (CMI)
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]
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 StatementsAnalyst 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.
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
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...
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...
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...
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 ...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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.
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.
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...
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...
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 ...
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...
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 ...
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...
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 ...