Cummins Inc. (CMI)
Market Cap | 35.19B |
Revenue (ttm) | 26.15B |
Net Income (ttm) | 1.91B |
Shares Out | 141.02M |
EPS (ttm) | 13.43 |
PE Ratio | 18.58 |
Forward PE | 12.29 |
Dividend | $6.04 (2.42%) |
Ex-Dividend Date | Nov 17, 2022 |
Volume | 582,078 |
Open | 247.39 |
Previous Close | 246.82 |
Day's Range | 244.69 - 249.55 |
52-Week Range | 184.28 - 254.47 |
Beta | 1.04 |
Analysts | Buy |
Price Target | 261.60 (+4.83%) |
Earnings Date | Feb 6, 2023 |
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 New Power. 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 new pa... [Read more]
Financial Performance
In 2021, Cummins's revenue was $24.02 billion, an increase of 21.25% compared to the previous year's $19.81 billion. Earnings were $2.13 billion, an increase of 19.12%.
Financial StatementsAnalyst Forecast
According to 31 analysts, the average rating for CMI stock is "Buy." The 12-month stock price forecast is $261.6, which is an increase of 4.83% from the latest price.
News

Cummins (CMI) Earnings Expected to Grow: Should You Buy?
Cummins (CMI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Here is What to Know Beyond Why Cummins Inc. (CMI) is a Trending Stock
Cummins (CMI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Vice President Amy Boerger retiring after 39 years with Cummins
COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) announced that after 39 years with the company, Amy Boerger, Vice President and General Manager – North America On-Highway, will reti...

Is Trending Stock Cummins Inc. (CMI) a Buy Now?
Cummins (CMI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Cummins announces Jim Fier retiring after 36 years with the company
COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) announced that Jim Fier – Vice President and Chief Technical Officer, after an impactful 36-year career with the company, has decided...

Cummins to Supply 35MW Electrolyzer System to Linde for Green Hydrogen Production in Niagara Falls, New York
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) will supply a 35-megawatt (MW) proton exchange membrane (PEM) electrolyzer system for Linde's new hydrogen production plant in Niagara Falls...
Cummins CEO on supply chain: Dual-sourcing plays a key role
Jennifer Rumsey, Cummins president and CEO, joins 'Squawk on the Street' to discuss how the company's business operations in China are doing, how Rumsey can make Cummins' supply chain more resilient, ...

Cummins (CMI) Acquires Siemens Commercial Vehicles Business
Cummins (CMI) completes the acquisition of Siemens Commercial Vehicles business. The transaction has been made through CMI's subsidiary, Meritor.

Cummins closes $197M acquisition of Siemens Commercial Vehicles unit
Cummins Inc. has closed the $197 million acquisition of Siemens Commercial Vehicles. Meritor Inc. arranged to buy the unit before the power and technology provider's $3.7 billion takeover of Meritor c...

Versatile Advances Agricultural Tractor Market Through Collaboration with Cummins, Elevāt, and STW Technic
Unparalleled Whole Machine IoT and Telematics Deliver Preeminent Off-Highway Monitoring, Management, and Diagnostics Solution SEATTLE , Nov. 30, 2022 /PRNewswire/ -- On the heels of the recently annou...

Cummins closes on acquisition of Siemens' Commercial Vehicles business
COLUMBUS, Ind. & NUREMBERG, Germany--(BUSINESS WIRE)--Global power and technology leader, Cummins Inc. (NYSE: CMI) today announced that it, through its subsidiary Meritor, has completed its acquisit...

Cummins (CMI) Gains Stake in Exergy Energy for Grid Programs
Cummins (CMI) and Exergy Energy join forces to work in grid-sponsored programs. Through its stake, Cummins will ensure a sustainable framework during power outages or peak usage times.

Cummins, Tata Motors team up for hydrogen-powered engines
U.S.-listed Cummins Inc said on Monday it has signed an agreement with Indian automaker Tata Motors to develop hydrogen-powered internal combustion engines, fuel cells and battery electric vehicle sys...

Cummins, Inc. Makes Minority Investment in Exergy Energy, LLC.
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE:CMI) has taken a minority stake in Exergy Energy, LLC.

Cummins is Awarded Major Defense Contract for Power Generation Equipment
COLUMBUS, Ind.

Cummins (CMI) Q3 Earnings Miss Estimates, Deteriorate Y/Y
Cummins (CMI) continues to expect revenues to grow 8% year over year. It forecasts EBITDA at 15% of sales now, down from 15.5% of sales guided earlier.

Cummins (CMI) Misses Q3 Earnings Estimates
Cummins (CMI) delivered earnings and revenue surprises of -34.22% and 5.39%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

4 High Earnings Yield Picks That You Shouldn't Ignore
ALB, CVX, JAZZ and CMI are a few high earnings yield value picks with solid upside potential.

Are You Looking for a Top Momentum Pick? Why Cummins (CMI) is a Great Choice
Does Cummins (CMI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Cummins (CMI) Reports Next Week: Wall Street Expects Earnings Growth
Cummins (CMI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Why Cummins (CMI) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cummins (CMI) have what it takes?

What's in the Offing for Cummins (CMI) in Q3 Earnings?
The Zacks Consensus Estimate for Cummins' (CMI) Q3 earnings per share and revenues is pegged at $4.87 and $6.96 billion, respectively.

Cummins Inc. Names Marvin Boakye Chief Human Resources Officer
COLUMBUS, Ind.