Cummins Inc. (NYSE:CMI) – Oppenheimer issued their Q1 2019 earnings per share estimates for shares of Cummins in a report released on Thursday, February 7th. Oppenheimer analyst N. Kaye anticipates that the company will earn $3.38 per share for the quarter. Oppenheimer currently has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Cummins’ Q2 2019 earnings at $4.17 EPS, Q3 2019 earnings at $4.19 EPS, Q4 2019 earnings at $4.09 EPS and FY2019 earnings at $15.81 EPS.

Cummins (NYSE:CMI) last released its quarterly earnings data on Wednesday, February 6th. The company reported $3.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.81 by ($0.33). The company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Cummins had a net margin of 9.01% and a return on equity of 29.71%. Cummins’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $3.03 earnings per share.

Several other research firms have also recently issued reports on CMI. Royal Bank of Canada reissued a “hold” rating and issued a $155.00 price objective on shares of Cummins in a research report on Monday, December 24th. Robert W. Baird raised shares of Cummins from a “neutral” rating to an “outperform” rating and set a $148.40 price objective for the company in a research report on Thursday. Zacks Investment Research raised shares of Cummins from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research report on Thursday, November 29th. JPMorgan Chase & Co. raised shares of Cummins from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $137.00 to $147.00 in a research report on Wednesday, October 31st. Finally, UBS Group set a $130.00 price target on shares of Cummins and gave the stock a “sell” rating in a research report on Tuesday, November 6th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $160.71.

Cummins stock opened at $148.28 on Friday. The stock has a market capitalization of $23.98 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 0.80 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.54 and a quick ratio of 0.94. Cummins has a 1 year low of $124.40 and a 1 year high of $173.32.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Linscomb & Williams Inc. raised its stake in shares of Cummins by 3.0% during the 4th quarter. Linscomb & Williams Inc. now owns 25,596 shares of the company’s stock worth $3,421,000 after acquiring an additional 751 shares in the last quarter. Highstreet Asset Management Inc. raised its stake in shares of Cummins by 147.8% during the 4th quarter. Highstreet Asset Management Inc. now owns 11,021 shares of the company’s stock worth $1,473,000 after acquiring an additional 6,574 shares in the last quarter. Ffcm LLC raised its stake in shares of Cummins by 7.4% during the 4th quarter. Ffcm LLC now owns 9,284 shares of the company’s stock worth $1,241,000 after acquiring an additional 638 shares in the last quarter. AGF Investments Inc. raised its stake in shares of Cummins by 22.6% during the 4th quarter. AGF Investments Inc. now owns 12,021 shares of the company’s stock worth $1,606,000 after acquiring an additional 2,217 shares in the last quarter. Finally, AGF Investments America Inc. raised its stake in shares of Cummins by 9.2% during the 4th quarter. AGF Investments America Inc. now owns 24,786 shares of the company’s stock worth $3,312,000 after acquiring an additional 2,085 shares in the last quarter. Hedge funds and other institutional investors own 80.61% of the company’s stock.

In related news, VP Tracy A. Embree sold 206 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $150.00, for a total transaction of $30,900.00. Following the completion of the transaction, the vice president now owns 4,221 shares in the company, valued at approximately $633,150. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Franklin R. Changdiaz sold 595 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $147.86, for a total transaction of $87,976.70. Following the transaction, the director now owns 6,157 shares of the company’s stock, valued at approximately $910,374.02. The disclosure for this sale can be found here. Insiders sold a total of 44,582 shares of company stock valued at $6,340,889 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Cummins Company Profile

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of 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.

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Earnings History and Estimates for Cummins (NYSE:CMI)

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