Cummins Inc. (CMI)

NYSE: CMI · IEX Real-Time Price · USD
249.54
+2.72 (1.10%)
At close: Jan 31, 2023, 4:03 PM
248.49
-1.05 (-0.42%)
Pre-market: Feb 1, 2023, 7:14 AM EST
1.1%
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]

Sector Industrials
Founded 1919
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 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.

Price Target
$261.6
(4.83% upside)
Analyst Consensus: Buy
Stock Forecasts

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.

1 day ago - Zacks Investment Research

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.

1 day ago - Zacks Investment Research

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...

1 week ago - Business Wire

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.

1 week ago - Zacks Investment Research

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...

3 weeks ago - Business Wire

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...

1 month ago - Business Wire

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, ...

1 month ago - CNBC Television

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.

2 months ago - Zacks Investment Research

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...

2 months ago - FreightWaves

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...

2 months ago - PRNewsWire

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...

2 months ago - Business Wire

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.

2 months ago - Zacks Investment Research

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...

Other symbols: TTM
2 months ago - Reuters

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.

2 months ago - Business Wire

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.

3 months ago - Zacks Investment Research

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?

3 months ago - Zacks Investment Research

Cummins Reports Third Quarter 2022 Results

COLUMBUS, Ind.

3 months ago - Business Wire

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.

Other symbols: ALBCVXJAZZ
3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

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?

3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

Cummins Inc. Names Marvin Boakye Chief Human Resources Officer

COLUMBUS, Ind.

3 months ago - Business Wire