Cummins (NYSE:CMI) Posts Quarterly Earnings Results, Beats Estimates By $0.46 EPS

Cummins (NYSE:CMI) released its earnings results on Tuesday. The company reported $5.16 EPS for the quarter, beating 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 %

Shares of NYSE CMI traded up $15.12 during mid-day trading on Tuesday, reaching $363.33. 183,177 shares of the company traded hands, compared to its average volume of 752,890. The stock has a market cap of $49.84 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 1.32. The company’s fifty day moving average is $362.75 and its two-hundred day moving average is $333.86. Cummins has a fifty-two week low of $236.00 and a fifty-two week high of $387.90.

Insider Activity

In related news, VP Sharon R. Barner sold 2,163 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $369.12, for a total transaction of $798,406.56. Following the completion of the transaction, the vice president now owns 20,803 shares of the company’s stock, valued at approximately $7,678,803.36. The trade was a 9.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 6,490 shares of company stock valued at $2,357,880 over the last 90 days. 0.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on CMI shares. StockNews.com raised shares of Cummins from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upgraded Cummins from an “underweight” rating to a “neutral” rating and increased their target price for the company from $355.00 to $420.00 in a report on Monday, December 9th. Robert W. Baird raised their price objective on Cummins from $330.00 to $372.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Evercore ISI upgraded Cummins from an “in-line” rating to an “outperform” rating and upped their target price for the company from $294.00 to $408.00 in a report on Wednesday, November 13th. Finally, Bank of America raised shares of Cummins from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $354.00 to $358.00 in a research report on Tuesday, January 14th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $374.25.

Cummins Company Profile

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.