Zacks Research Issues Positive Forecast for Cummins Earnings

Cummins Inc. (NYSE:CMI) – Equities research analysts at Zacks Research upped their Q2 2026 earnings per share estimates for shares of Cummins in a research report issued to clients and investors on Thursday, February 19th. Zacks Research analyst Team now anticipates that the company will post earnings of $6.62 per share for the quarter, up from their previous forecast of $6.51. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Cummins’ current full-year earnings is $22.54 per share. Zacks Research also issued estimates for Cummins’ Q4 2026 earnings at $6.81 EPS, FY2026 earnings at $25.53 EPS, Q1 2027 earnings at $6.14 EPS, Q2 2027 earnings at $7.43 EPS, Q3 2027 earnings at $7.77 EPS, FY2027 earnings at $29.36 EPS and FY2028 earnings at $33.23 EPS.

Cummins (NYSE:CMI) last issued its quarterly earnings results on Thursday, February 5th. The company reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.64. Cummins had a net margin of 8.44% and a return on equity of 25.71%. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter in the prior year, the company earned $5.16 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their price objective on Cummins from $485.00 to $580.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Barclays increased their price target on Cummins from $546.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. UBS Group set a $565.00 price objective on Cummins and gave the stock a “neutral” rating in a research report on Friday, February 6th. Citigroup raised their target price on shares of Cummins from $580.00 to $630.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Truist Financial reiterated a “buy” rating and set a $703.00 price target (up from $653.00) on shares of Cummins in a report on Friday, February 6th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Cummins presently has a consensus rating of “Moderate Buy” and a consensus price target of $588.93.

Cummins Stock Performance

Shares of CMI stock opened at $599.52 on Monday. The firm has a 50 day moving average of $561.29 and a two-hundred day moving average of $481.63. The stock has a market capitalization of $82.83 billion, a PE ratio of 29.22, a P/E/G ratio of 1.86 and a beta of 1.13. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.51. Cummins has a 52 week low of $260.02 and a 52 week high of $617.98.

Institutional Trading of Cummins

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DGS Capital Management LLC acquired a new position in Cummins in the fourth quarter valued at $973,000. Sonoma Allocations LLC boosted its holdings in Cummins by 64.0% in the fourth quarter. Sonoma Allocations LLC now owns 994 shares of the company’s stock valued at $507,000 after purchasing an additional 388 shares during the last quarter. Kera Capital Partners Inc. grew its position in shares of Cummins by 10.2% during the fourth quarter. Kera Capital Partners Inc. now owns 1,667 shares of the company’s stock worth $851,000 after buying an additional 154 shares in the last quarter. MV Capital Management Inc. bought a new stake in shares of Cummins in the 4th quarter worth about $75,000. Finally, Cambient Family Office LLC bought a new stake in Cummins in the fourth quarter valued at about $1,067,000. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Insider Buying and Selling

In other Cummins news, VP Earl Newsome sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $583.67, for a total transaction of $758,771.00. Following the transaction, the vice president owned 3,389 shares in the company, valued at approximately $1,978,057.63. The trade was a 27.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Amy Rochelle Davis sold 1,864 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $586.64, for a total transaction of $1,093,496.96. Following the transaction, the vice president directly owned 17,827 shares in the company, valued at approximately $10,458,031.28. This trade represents a 9.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 25,541 shares of company stock worth $15,161,609 over the last three months. 0.41% of the stock is owned by company insiders.

Cummins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Friday, February 20th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $8.00 annualized dividend and a yield of 1.3%. Cummins’s dividend payout ratio is currently 38.99%.

Cummins Company Profile

Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.