What is Zacks Research’s Estimate for Cummins Q2 Earnings?

Cummins Inc. (NYSE:CMI) – Stock analysts at Zacks Research cut their Q2 2027 earnings per share (EPS) estimates for shares of Cummins in a report released on Thursday, October 9th. Zacks Research analyst Team now expects that the company will post earnings per share of $6.69 for the quarter, down from their prior forecast of $6.80. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $22.54 per share.

Cummins (NYSE:CMI) last announced its earnings results on Tuesday, August 5th. The company reported $6.43 earnings per share for the quarter, topping the consensus estimate of $5.21 by $1.22. Cummins had a return on equity of 26.96% and a net margin of 8.72%.The firm had revenue of $8.64 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the business earned $5.26 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis.

CMI has been the topic of several other reports. Melius upgraded Cummins from a “hold” rating to a “buy” rating and set a $500.00 target price on the stock in a research note on Wednesday, September 3rd. Wolfe Research upgraded Cummins from a “hold” rating to an “outperform” rating in a research note on Monday, August 11th. Wells Fargo & Company upgraded Cummins to an “overweight” rating in a research note on Monday, August 11th. Barclays boosted their target price on Cummins from $381.00 to $387.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Finally, Evercore ISI reiterated an “outperform” rating on shares of Cummins in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cummins has an average rating of “Moderate Buy” and a consensus target price of $397.43.

Cummins Stock Down 0.9%

Shares of CMI stock opened at $409.17 on Monday. Cummins has a 1-year low of $260.02 and a 1-year high of $440.51. The stock’s fifty day moving average price is $408.16 and its 200 day moving average price is $350.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.64 and a quick ratio of 1.03. The company has a market cap of $56.38 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04.

Insider Buying and Selling at Cummins

In other Cummins news, VP Robert Enright sold 1,860 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $402.26, for a total transaction of $748,203.60. Following the sale, the vice president owned 955 shares in the company, valued at approximately $384,158.30. The trade was a 66.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen H. Quintos sold 1,307 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $405.33, for a total value of $529,766.31. Following the sale, the director owned 5,227 shares in the company, valued at approximately $2,118,659.91. The trade was a 20.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,119 shares of company stock worth $17,674,285. 0.41% of the stock is owned by corporate insiders.

Institutional Trading of Cummins

Hedge funds have recently modified their holdings of the stock. Fox Run Management L.L.C. purchased a new stake in shares of Cummins in the first quarter worth about $2,749,000. Alpha Cubed Investments LLC purchased a new stake in shares of Cummins in the first quarter worth about $440,000. Assenagon Asset Management S.A. boosted its stake in shares of Cummins by 8.9% in the first quarter. Assenagon Asset Management S.A. now owns 13,666 shares of the company’s stock worth $4,283,000 after buying an additional 1,114 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Cummins by 11.6% in the first quarter. Invesco Ltd. now owns 1,215,956 shares of the company’s stock worth $381,129,000 after buying an additional 126,362 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in shares of Cummins by 19.1% in the first quarter. Artemis Investment Management LLP now owns 7,747 shares of the company’s stock worth $2,428,000 after buying an additional 1,241 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

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.