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

Cummins (NYSE:CMI) posted 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 return on equity of 26.86% and a net margin of 6.13%. Cummins updated its FY 2025 guidance to EPS.

Cummins Stock Performance

CMI stock opened at $367.48 on Tuesday. The company has a market capitalization of $50.41 billion, a price-to-earnings ratio of 24.28, a P/E/G ratio of 1.64 and a beta of 1.00. The firm has a 50 day moving average of $362.75 and a two-hundred day moving average of $333.86. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 0.43. Cummins has a 12 month low of $236.00 and a 12 month high of $387.90.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CMI shares. JPMorgan Chase & Co. upgraded shares of 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 research report on Monday, December 9th. Truist Financial upped their price objective on Cummins from $424.00 to $425.00 and gave the company a “hold” rating in a report on Thursday, January 16th. The Goldman Sachs Group boosted their price target on shares of Cummins from $324.00 to $370.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Jefferies Financial Group lifted their price objective on shares of Cummins from $410.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Bank of America raised Cummins from an “underperform” rating to a “neutral” rating and upped their price target for the company from $354.00 to $358.00 in a report on Tuesday, January 14th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $374.25.

Insider Activity at Cummins

In related news, VP Sharon R. Barner sold 2,163 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $362.49, for a total value of $784,065.87. Following the transaction, the vice president now directly owns 20,803 shares in the company, valued at approximately $7,540,879.47. This trade represents a 9.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders sold 6,490 shares of company stock valued at $2,357,880. Insiders own 0.56% of the company’s stock.

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.