Zacks Research Brokers Raise Earnings Estimates for Cummins

Cummins Inc. (NYSE:CMI) – Equities research analysts at Zacks Research boosted their FY2026 earnings per share (EPS) estimates for Cummins in a report issued on Thursday, January 29th. Zacks Research analyst Team now forecasts that the company will post earnings of $25.89 per share for the year, up from their prior forecast of $25.84. Zacks Research currently 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 $6.82 EPS, Q1 2027 earnings at $6.47 EPS, Q2 2027 earnings at $7.64 EPS, Q3 2027 earnings at $7.92 EPS, Q4 2027 earnings at $7.72 EPS and FY2027 earnings at $29.74 EPS.

Other research analysts have also issued reports about the stock. Truist Financial raised their price target on shares of Cummins from $628.00 to $653.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Wall Street Zen upgraded Cummins from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Barclays lifted their price target on Cummins from $546.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $475.00 price objective on shares of Cummins in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cummins in a research note on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $522.07.

Cummins Stock Up 1.4%

Shares of NYSE CMI opened at $603.49 on Monday. The firm has a market cap of $83.31 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13. The company’s 50-day simple moving average is $536.40 and its 200-day simple moving average is $458.07. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.52. Cummins has a 52-week low of $260.02 and a 52-week high of $612.10.

Cummins (NYSE:CMI) last released its quarterly earnings results on Thursday, November 6th. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.83 by $0.76. The firm had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $7.97 billion. Cummins had a net margin of 7.95% and a return on equity of 26.02%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $5.86 EPS.

Insiders Place Their Bets

In related news, CFO Mark Andrew Smith sold 13,110 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $470.66, for a total transaction of $6,170,352.60. Following the completion of the sale, the chief financial officer directly owned 31,582 shares in the company, valued at approximately $14,864,384.12. This trade represents a 29.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brett Michael Merritt sold 1,450 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $489.32, for a total transaction of $709,514.00. Following the completion of the transaction, the insider owned 9,271 shares in the company, valued at $4,536,485.72. The trade was a 13.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,130 shares of company stock valued at $9,045,544 in the last three months. 0.41% of the stock is currently owned by insiders.

Institutional Trading of Cummins

Institutional investors have recently made changes to their positions in the company. NewEdge Wealth LLC grew its position in Cummins by 18.6% in the fourth quarter. NewEdge Wealth LLC now owns 10,755 shares of the company’s stock worth $5,490,000 after acquiring an additional 1,690 shares during the period. Brandywine Oak Private Wealth LLC purchased a new stake in Cummins in the fourth quarter valued at $221,000. Drucker Wealth 3.0 LLC lifted its stake in shares of Cummins by 4.7% in the 4th quarter. Drucker Wealth 3.0 LLC now owns 4,096 shares of the company’s stock valued at $2,090,000 after purchasing an additional 185 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Cummins by 39.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 6,744 shares of the company’s stock worth $3,442,000 after purchasing an additional 1,902 shares during the period. Finally, Ethic Inc. increased its position in shares of Cummins by 8.6% during the 4th quarter. Ethic Inc. now owns 14,290 shares of the company’s stock worth $7,294,000 after purchasing an additional 1,130 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

About Cummins

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.