Cummins Inc. (CMI)

NYSE: CMI · IEX Real-Time Price · USD
195.02
+9.13 (4.91%)
At close: Jun 24, 2022 4:03 PM
194.11
-0.91 (-0.47%)
After-hours: Jun 24, 2022 7:44 PM EDT
4.91%
Market Cap 27.52B
Revenue (ttm) 24.31B
Net Income (ttm) 1.95B
Shares Out 141.10M
EPS (ttm) 13.46
PE Ratio 14.49
Forward PE 11.07
Dividend $5.80 (2.97%)
Ex-Dividend Date May 19, 2022
Volume 1,074,033
Open 188.02
Previous Close 185.89
Day's Range 187.93 - 195.10
52-Week Range 184.28 - 247.48
Beta 1.02
Analysts Buy
Price Target 248.39 (+27.4%)
Earnings Date Aug 2, 2022

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...]

Industry Machinery
Founded 1919
CEO Norman Linebarger
Employees 59,900
Stock Exchange NYSE
Ticker Symbol CMI
Full Company Profile

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 Statements

Analyst Forecast

According to 28 analysts, the average rating for CMI stock is "Buy." The 12-month stock price forecast is 248.39, which is an increase of 27.37% from the latest price.

Price Target
$248.39
(27.37% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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Eaton Cummins Automated Transmission Technologies introduces online transmission selector

GALESBURG, Mich.--(BUSINESS WIRE)-- #commercialvehicles--Eaton Cummins Automated Transmission Technologies today introduced a new online selector tool, which helps users choose the optimal transmission.

Chevron, Cummins Team on Renewable Natural Gas Engine Demonstration with Walmart

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), today announced definitive agreements to supply fuel linked to renewable natural gas for a Walma...

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Cummins (CMI) Down 0.4% Since Last Earnings Report: Can It Rebound?

Cummins (CMI) reported earnings 30 days ago. What's next for the stock?

Meritor Shareholders Approve Acquisition By Cummins

TROY, Mich. , May 26, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that its shareholders have voted to approve the previously announced pending acquisition by Cummins Inc. (NYSE: CMI)...

Other symbols: MTOR

6 Stocks to Buy to Hedge Your Portfolio in a Down Market

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Ex-Dividend Reminder: Whirlpool, Unilever And Cummins

On 5/19/22, Whirlpool, Unilever, and Cummins will all trade ex-dividend for their respective upcoming dividends. Whirlpool will pay its quarterly dividend of $1.75 on 6/15/22, Unilever plc will pay its ...

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7 Undervalued Dividend Stocks to Buy Now

During market corrections, dividend stocks provide passive income to help offset losses. Here are seven undervalued dividend stocks to buy now.

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Big Rigs Going Electric As Navistar, Cummins, Daimler Rev Up Next-Generation Trucks

The electric vehicle revolution is far bigger–literally–than Teslas and Ford's electric pickup.

Daimler Truck, Cummins converting Freightliner Cascadias to run on hydrogen

LONG BEACH, Calif. — In the clearest sign yet of Cummins Inc.'s evolution from a legacy diesel engine maker, the company will work with Daimler Truck North America to fit Class 8 Freightliner Cascadias ...

Cummins (CMI), Daimler Truck Tie Up for Hydrogen Fuel Cell Trucks

Cummins (CMI) and Daimler Truck collaborate to make hydrogen fuel cell powertrain easily accessible to customers in an effort to move into carbon-neutral transportation.

These High-Yield Dividend Stocks Are Growing at Blazing Speeds

These two stocks can provide income investors with dividend yields that are double what the broader market is offering.

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Six Dividend-Paying Stocks With Low Payout Ratios to Buy

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Daimler Truck North America and Cummins Collaborate to Drive Hydrogen Fuel Cell Trucks Forward in North America

COLUMBUS, Ind. & PORTLAND, Ore.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI), a global power and hydrogen technologies leader, and Daimler Truck North America (DTNA), the largest heavy-duty truck manufact...

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 1.45 dollars per share, payable on June 2, 2022, to sharehold...

Cummins announces first quarter financials and doesn't meet analyst estimates

Cummins (NYSE: CMI) records first quarter EPS of $2.92, which was lower than the $3.56 analyst estimate. Revenue for the first quarter came to around $6.4 billion which was more than the $6.03 billion c...

Cummins' (CMI) Q1 Earnings & Revenues Surpass Estimates

Cummins (CMI) delivers earnings and sales beat in first-quarter 2022. The company raises its revenue growth projections for 2022.

Cummins reports record Q1 sales but misses on earnings

Cummins Inc. posted record Q1 sales, extending a yearlong streak of outperforming analyst forecasts. It missed on income in part because of a $158 million write-off for indefinitely suspending business ...

Cummins (CMI) Q1 Earnings and Revenues Top Estimates

Cummins (CMI) delivered earnings and revenue surprises of 13.80% and 5.96%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Cummins stock falls after profit declines, while revenue rises above forecasts

Shares of Cummins Inc. CMI, +3.03% fell 2.0% in premarket trading Tuesday, after the diesel and natural gas engines and new power company reported first-quarter profit that fell, weighed by costs associ...

Cummins Reports First Quarter 2022 Results

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2022. First quarter revenues of $6.4 billion increased 5 percent from the same quarter in 2021. ...

Why Cummins (CMI) Might Surprise This Earnings Season

Cummins (CMI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Will Operational Inefficiencies Mar Cummins' (CMI) Q1 Earnings?

The Zacks Consensus Estimate for Cummins' (CMI) Q1 earnings and revenues is pegged at $3.55 per share and $6.03 billion, respectively.

3 Auto Stocks Positioned for Potential Q1 Earnings Beat

Overall Q1 earnings for the auto sector are projected to rise 6.5% on 8.4% higher revenues, per the Earnings Trends report. CMI, VRM and LCII are a few companies likely to trump estimates.

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Cummins (CMI) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Cummins (CMI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.