Cummins (NYSE:CMI) Announces Earnings Results, Beats Expectations By $0.46 EPS

Cummins (NYSE:CMI) released its earnings results on Tuesday. The company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.70 by $0.46, Zacks reports. Cummins had a net margin of 6.13% and a return on equity of 26.86%. Cummins updated its FY 2025 guidance to EPS.

Cummins Stock Up 4.3 %

CMI traded up $15.12 on Tuesday, reaching $363.33. The company’s stock had a trading volume of 183,177 shares, compared to its average volume of 752,890. Cummins has a 1 year low of $236.00 and a 1 year high of $387.90. The business’s 50 day moving average is $362.75 and its 200 day moving average is $333.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.32 and a quick ratio of 0.79. The stock has a market cap of $49.84 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00.

Analysts Set New Price Targets

CMI has been the subject of a number of research analyst reports. Citigroup dropped their price objective on shares of Cummins from $435.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird lifted their price target on shares of Cummins from $330.00 to $372.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Evercore ISI raised Cummins from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $294.00 to $408.00 in a research report on Wednesday, November 13th. Truist Financial raised their price objective on Cummins from $424.00 to $425.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upgraded shares of Cummins from an “underweight” rating to a “neutral” rating and raised their price target for the company from $355.00 to $420.00 in a report on Monday, December 9th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Cummins presently has a consensus rating of “Moderate Buy” and an average price target of $374.25.

Insider Transactions at Cummins

In other Cummins news, VP Sharon R. Barner sold 162 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $357.04, for a total value of $57,840.48. Following the completion of the transaction, the vice president now owns 20,803 shares in the company, valued at approximately $7,427,503.12. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 6,490 shares of company stock valued at $2,357,880. 0.56% of the stock is currently owned by corporate insiders.

About Cummins

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 and services, as well as remanufactured parts and engines.