A month has gone by since the last earnings report for Cummins (CMI - Free Report) . Shares have lost about 15.3% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Cummins due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Cummins Inc. before we dive into how investors and analysts have reacted as of late.
Cummins Q2 Earnings Miss EstimatesCummins reported second-quarter 2026 adjusted earnings of $6.94 per share, which missed the Zacks Consensus Estimate of $7.33 by 5.3%. Higher incentive compensation, research and development spending, freight costs and product coverage expenses put pressure on profitability.
Revenues increased 9.4% year over year to $9.46 billion and topped the consensus mark of $9.33 billion by 1.38%. Growth was led by global power generation demand, international construction markets and improving North American truck activity.
Engine Margin Falls on Higher CostsEngine segment sales increased 6% year over year to $3.08 billion. Total engine shipments rose 9.7% to 161,200 units. North American revenues rose 1%, while international sales jumped 23%, primarily on stronger construction demand in China.
Segment EBITDA declined to $386 million from $400 million, while margin contracted to 12.5% from 13.8%. Higher research and development and freight costs outweighed benefits from stronger North American medium-duty truck volumes, China construction demand and improved tariff recovery.
Components Sales Gain on Truck DemandComponents segment sales advanced 7% to $2.89 billion. Revenues increased 6% in North America and 8% internationally, reflecting stronger truck demand in the United States and China.
Segment EBITDA decreased to $381 million from $397 million, with margin falling to 13.2% from 14.7%. Higher product coverage costs were partly offset by favorable pricing, stronger North American truck volumes and increased China on- and off-highway activity.
Distribution Margin Faces Cost PressureDistribution segment sales rose 9% to a record $3.33 billion. North American revenues climbed 13%, while international revenues increased 1%, driven by demand for power generation products, particularly for data center applications.
Segment EBITDA increased slightly to $451 million from $445 million, but margin declined to 13.6% from 14.6%. Higher incentive compensation and freight expenses more than offset increased power generation volumes. Slower parts growth relative to power generation also limited margin expansion.
Power Systems Delivers Margin ExpansionPower Systems sales surged 19% to a record $2.26 billion. Revenues increased 19% in both North America and international markets, supported by data center power demand in the United States, China and Asia Pacific.
Segment EBITDA climbed to $552 million from $430 million, while margin expanded to 24.5% from 22.8%. Strong global power generation volumes were the primary driver. Higher China joint venture earnings, favorable production efficiency and pricing boosted results. Power generation sales jumped to $1.54 billion from $1.21 billion, while industrial sales increased to $538 million.
Accelera Loss Narrows on Cost ActionsAccelera segment sales increased 38% to $145 million, driven by higher electrified powertrain and electrolyzer sales.
The segment posted a negative EBITDA loss of $69 million, narrowing from a loss of $100 million a year earlier. The improvement reflected targeted cost-reduction actions previously implemented as Cummins focused zero-emissions investments on its most promising opportunities.
Cash Flow Supports Capital ReturnsCummins generated record second-quarter operating cash flow of $1.5 billion, up from $785 million. Capital expenditures increased to $249 million from $231 million.
Cash, cash equivalents and marketable securities totaled $3.92 billion at quarter-end, compared with $3.61 billion at the end of 2025. Long-term debt declined to $6.74 billion from $6.79 billion. The company returned $501 million through $276 million in dividends and $225 million in share repurchases.
Cummins also increased its quarterly dividend to $2.20 per share from $2.00, marking its 17th consecutive annual dividend increase.
Cummins Raises 2026 OutlookCummins now expects full-year 2026 revenues to increase 10-13%, up from its prior projection of 8-11%. The revision reflects stronger demand in North American on-highway markets, China construction and power generation. Management expects the second half of 2026 to be stronger than the first half. The company raised the low end of its EBITDA margin outlook to 18%, resulting in a new range of 18.0-18.5%, excluding first-quarter fuel cell business sale charges.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates review.
The consensus estimate has shifted 5.07% due to these changes.
VGM ScoresAt this time, Cummins has a strong Growth Score of A, a score with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a score of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Cummins has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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Stock to Watch: Cummins (CMI - Free Report) Cummins Inc. is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products. Powertrain components include fuel systems, turbochargers, transmissions, batteries and electrified power systems, among others. Headquartered in Columbus, IN, the company offers products to original equipment manufacturers (OEMs), distributors and dealers through a network of roughly 650 company-owned and independent distributor facilities in over 19,000 dealer locations in more than 190 countries and territories.
CMI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. CMI has a Growth Style Score of A, forecasting year-over-year earnings growth of 24.6% for the current fiscal year.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.33 to $29.64 per share. CMI boasts an average earnings surprise of +8.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CMI should be on investors' short list.
Beacon Pointe Advisors LLC acquired a new position in shares of Cummins Inc. (NYSE:CMI – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,411 shares of the company’s stock, valued at approximately $9,561,000.
Other institutional investors have also recently bought and sold shares of the company. Kimelman & Baird LLC purchased a new position in shares of Cummins in the 2nd quarter worth $143,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Cummins during the second quarter worth about $36,750,000. Rakuten Investment Management Inc. purchased a new position in shares of Cummins in the 2nd quarter worth about $15,605,000. RB Capital Management LLC acquired a new position in shares of Cummins in the 2nd quarter valued at about $429,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Cummins during the 2nd quarter worth about $176,000. 83.46% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several research analysts recently commented on CMI shares. Wells Fargo & Company raised their price target on shares of Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. UBS Group reduced their target price on shares of Cummins from $850.00 to $835.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. CICC Research started coverage on shares of Cummins in a research report on Sunday, August 23rd. They set an “outperform” rating for the company. Morgan Stanley raised their price objective on Cummins from $752.00 to $761.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, Robert W. Baird set a $700.00 target price on Cummins in a research report on Wednesday, May 6th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $745.64.
Read Our Latest Report on Cummins Cummins Stock Down 1.6% CMI stock opened at $564.61 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.73 and a quick ratio of 1.13. The firm has a market cap of $77.72 billion, a PE ratio of 28.85, a P/E/G ratio of 1.37 and a beta of 1.24. Cummins Inc. has a 12 month low of $389.52 and a 12 month high of $737.76. The firm has a 50 day simple moving average of $647.45 and a 200 day simple moving average of $627.90.
Cummins (NYSE:CMI – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.21 by ($0.48). The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. Cummins had a net margin of 7.82% and a return on equity of 25.29%. Cummins’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $6.43 EPS. Equities research analysts forecast that Cummins Inc. will post 30.06 earnings per share for the current fiscal year.
Cummins Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be issued a dividend of $2.20 per share. This is a positive change from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 21st. Cummins’s dividend payout ratio (DPR) is currently 44.97%.
Insider Buying and Selling at Cummins In related news, VP Earl Newsome sold 698 shares of Cummins stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $572.22, for a total value of $399,409.56. Following the transaction, the vice president owned 4,479 shares of the company’s stock, valued at approximately $2,562,973.38. This trade represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.
Cummins Profile (Free Report)
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.
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Bristol Myers Squibb (NYSE: BMY) today presented results from the EXPLORER-LTE cohort of the MAVA-LTE study (NCT03723655) in a late-breaker presentation at the European Society of Cardiology (ESC) Congress 2026 in Munich, Germany. EXPLORER-LTE is the largest and longest evaluation of symptomatic obstructive hypertrophic cardiomyopathy (oHCM) patients treated with Camzyos, the most-studied cardiac myosin inhibitor (CMI) and a standard of care for patients with oHCM in New York Heart Association (NYHA) class II-III. These data add to the understanding that the effects of Camzyos are sustained for up to five years with continuous, consistent treatment. Additional presentations at ESC Congress from COLLIGO-HCM, a global retrospective real-world data study, add to the well-established real-world evidence supporting Camzyos, helping inform treatment decisions for people living with the condition.
“The EXPLORER-LTE data up to five years reflect the sustained and clinically meaningful effects of Camzyos for patients living with symptomatic oHCM,” said Anjali T. Owens, MD, Medical Director of the Center for Inherited Cardiac Disease and an Associate Professor of Medicine in the Perelman School of Medicine at the University of Pennsylvania. “For a chronic, progressive condition that requires ongoing treatment and monitoring, long-term evidence is essential to helping clinicians better understand how a therapy may benefit patients over time.”
EXPLORER-LTE is a single-arm, open-label, dose-blinded extension of the Phase 3 EXPLORER-HCM study, evaluating the long-term safety and efficacy of Camzyos. A total of 231 patients who completed EXPLORER-HCM enrolled in the long-term extension study. A substantial portion of patients experienced sustained and clinically meaningful reduction of left ventricular outflow tract (LVOT) obstruction, improved by at least one NYHA class and experienced notable improvements in echocardiographic measures and biomarkers. No new safety signals were observed that were not observed in the primary EXPLORER-HCM study.
At 252 weeks, Camzyos treatment resulted in mean changes from baseline at initiation of the long-term extension study of -38.7 mm Hg for resting LVOT gradient and -55.6 mm Hg in Valsalva LVOT gradient. Nearly all patients (97.4%) achieved a Valsalva LVOT gradient ≤ 30 mm Hg, which is the threshold for obstruction in patients with oHCM. 69.6% of patients improved by ≥1 NYHA class and 59.2% of patients were asymptomatic. Mean left ventricular ejection fraction (LVEF) decreased by 10.2% and remained within the normal range. Safety findings were consistent with reported results from the primary EXPLORER-HCM study.
Additional data presented at ESC Congress further support Camzyos and our understanding of the impact of oHCM. Two presentations from COLLIGO-HCM, a global retrospective real-world data study, added to the well-established real-world evidence supporting Camzyos in clinical practice, with a real-world effectiveness and safety profile that is consistent across patients, providing symptom improvement and reduction in LVOT obstruction. A complementary analysis of a real-world observational registry study in Germany reinforces the effectiveness of Camzyos across geographic populations, with patients achieving NYHA class reductions consistent with previously reported real-world studies. These findings build on the existing evidence base for Camzyos and reinforce that the improvements seen in clinical trials are also achieved in real-world settings. An additional analysis of a healthcare resource utilization (HCRU) study in Sweden adds to the understanding of the broader disease burden of HCM and oHCM, including the increased impact of oHCM, and emphasizes the importance of accurate diagnosis and consistent care for patients living with oHCM.
“For people living with symptomatic oHCM, long-term and real-world evidence provides greater confidence in treatment decisions and a clearer understanding of what sustained therapy may mean over time,” said Cristian Massacesi, MD, executive vice president, chief medical officer and head of development, Bristol Myers Squibb. “As part of our dedication to advancing cardiovascular research, the data presented at ESC Congress add to the understanding and trust of Camzyos and its role in helping patients manage oHCM, a serious condition affecting daily activities for many patients.”
Camzyos is supported by the largest body of worldwide evidence in the CMI treatment class, reinforcing its role in transforming care for symptomatic oHCM by improving functional capacity and symptoms, allowing patients to be more active in their daily lives.
About EXPLORER-LTE
EXPLORER-LTE, a cohort of the MAVA-LTE study (NCT03723655), is a single-arm, open-label, dose-blinded extension of the Phase 3 EXPLORER-HCM study evaluating the long-term safety and efficacy of Camzyos. A total of 231 patients in the United States, Europe and Israel who completed EXPLORER-HCM enrolled in the long-term extension study.
About CAMZYOS® (mavacamten)
CAMZYOS® (mavacamten) is the most extensively studied cardiac myosin inhibitor (CMI), approved by regulatory bodies in more than 60 countries and regions across five continents worldwide. In the U.S., CAMZYOS is indicated for the treatment of adults with symptomatic New York Heart Association (NYHA) class II-III obstructive hypertrophic cardiomyopathy (oHCM) to improve functional capacity and symptoms. In the European Union, CAMZYOS is indicated for the treatment of symptomatic (NYHA, class II-III) oHCM in adult patients.
A selective, reversible, allosteric inhibitor of cardiac myosin, CAMZYOS targets hypercontractility, the source of oHCM. Reduction in cardiac contractility with CAMZYOS treatment leads to reduced LVOT obstruction, improved energy consumption, and lower cardiac filling pressures in oHCM patients. These effects have translated to demonstrated symptom improvements in clinical studies for adults with symptomatic oHCM, enabling them to be more active in their daily lives. CAMZYOS can be used with or without background therapies, including for newly diagnosed patients.
CAMZYOS is supported by the largest body of worldwide evidence in the CMI treatment class, with up to five years of follow up across multiple long-term evidence and real-world studies, demonstrating the consistent and sustained benefits of CAMZYOS to improve symptoms and impact cardiac structure. CAMZYOS has been prescribed by more than 5,000 healthcare providers (HCPs) to over 25,000 patients in the U.S. alone.
Bristol Myers Squibb: Changing the Course of Cardiovascular Disease
Bristol Myers Squibb is inspired by a single vision – transforming patients’ lives through science. Cardiovascular disease is the leading cause of death worldwide, and despite major advances in how we prevent and treat it, the human and societal burden continues to worsen over time. Whether a cardiovascular disease that affects millions of people around the world, or a rarer condition, the need is the same: new and better treatment options that allow people to continue to live their fullest lives.
Bristol Myers Squibb is committed to developing new treatments to address the global burden of cardiovascular disease. Building on our 70-year legacy of discovering and delivering paradigm-changing cardiovascular medicines, we are leveraging our experience and expertise, to take cardiovascular research to the next level and delivering meaningful, life‑changing outcomes for patients.
CAMZYOS U.S. IMPORTANT SAFETY INFORMATION
WARNING: RISK OF HEART FAILURE
CAMZYOS reduces left ventricular ejection fraction (LVEF) and can cause heart failure due to systolic dysfunction.
Echocardiogram assessments of LVEF are required prior to and during treatment with CAMZYOS. Initiation of CAMZYOS in patients with LVEF
Concomitant use of CAMZYOS with certain cytochrome P450 inhibitors or discontinuation of certain cytochrome P450 inducers may increase the risk of heart failure due to systolic dysfunction; therefore, the use of CAMZYOS is contraindicated with the following:
Strong CYP2C19 inhibitorsModerate to strong CYP2C19 inducers or moderate to strong CYP3A4 inducersBecause of the risk of heart failure due to systolic dysfunction, CAMZYOS is available only through a restricted program under a Risk Evaluation and Mitigation Strategy (REMS) called CAMZYOS REMS PROGRAM.
CONTRAINDICATIONS
CAMZYOS is contraindicated with concomitant use of:
Strong CYP2C19 inhibitorsModerate to strong CYP2C19 inducers or moderate to strong CYP3A4 inducersWARNINGS AND PRECAUTIONS
Heart Failure
CAMZYOS reduces systolic contraction and can cause heart failure or significantly reduce ventricular function. Patients who experience a serious intercurrent illness (e.g., serious infection) or arrhythmia (e.g., atrial fibrillation or other uncontrolled tachyarrhythmia) are at greater risk of developing systolic dysfunction and heart failure.
Assess the patient’s clinical status and LVEF prior to and regularly during treatment and adjust the CAMZYOS dose accordingly. New or worsening arrhythmia, dyspnea, chest pain, fatigue, palpitations, leg edema, or elevations in N-terminal pro-B-type natriuretic peptide (NT-proBNP) may be signs and symptoms of heart failure and should also prompt an evaluation of cardiac function.
CYP450 Drug Interactions Leading to Heart Failure or Loss of Effectiveness
CAMZYOS is primarily metabolized by CYP2C19 and CYP3A4 enzymes. Concomitant use of CAMZYOS and drugs that interact with these enzymes may lead to life-threatening drug interactions such as heart failure or loss of effectiveness.
Advise patients of the potential for drug interactions, including with over-the-counter medications (such as omeprazole, esomeprazole, or cimetidine). Advise patients to inform their healthcare provider of all concomitant products prior to and during CAMZYOS treatment.
CAMZYOS Risk Evaluation and Mitigation Strategy (REMS) Program
CAMZYOS is only available through a restricted program called the CAMZYOS REMS Program because of the risk of heart failure due to systolic dysfunction. Notable requirements of the CAMZYOS REMS Program include the following:
Prescribers must be certified by enrolling in the REMS ProgramPatients must enroll in the REMS Program and comply with ongoing monitoring requirementsPharmacies must be certified by enrolling in the REMS Program and must only dispense to patients who are authorized to receive CAMZYOSWholesalers and distributors must only distribute to certified pharmaciesFurther information is available at www.CAMZYOSREMS.com or by telephone at 1-833-628-7367.
Embryo-Fetal Toxicity
CAMZYOS may cause fetal toxicity when administered to a pregnant female, based on findings in animal studies. Confirm absence of pregnancy in females of reproductive potential prior to treatment and advise patients to use effective contraception during treatment with CAMZYOS and for 4 months after the last dose. Combined hormonal contraceptives (CHCs) containing a combination of ethinyl estradiol and norethindrone may be used with CAMZYOS. However, CAMZYOS may reduce the effectiveness of certain other CHCs. If these CHCs are used, advise patients to add nonhormonal contraception (such as condoms) during concomitant use and for 4 months after the last dose of CAMZYOS.
ADVERSE REACTIONS
In the EXPLORER-HCM trial, adverse reactions occurring in >5% of patients and more commonly in the CAMZYOS group than in the placebo group were dizziness (27% vs 18%) and syncope (6% vs 2%). There were no new adverse reactions identified in VALOR-HCM.
Effects on Systolic Function
In the EXPLORER-HCM trial, mean (SD) resting LVEF was 74% (6) at baseline in both treatment groups. Mean (SD) absolute change from baseline in LVEF was -4% (8) in the CAMZYOS group and 0% (7) in the placebo group over the 30-week treatment period. At Week 38, following an 8-week interruption of trial drug, mean LVEF was similar to baseline for both treatment groups. In the EXPLORER-HCM trial, 7 (6%) patients in the CAMZYOS group and 2 (2%) patients in the placebo group experienced reversible reductions in LVEF
DRUG INTERACTIONS
Potential for Other Drugs to Affect Plasma Concentrations of CAMZYOS
CAMZYOS is primarily metabolized by CYP2C19 and to a lesser extent by CYP3A4 and CYP2C9. Inducers and inhibitors of CYP2C19 and moderate to strong inhibitors or inducers of CYP3A4 may affect the exposures of CAMZYOS.
Impact of Other Drugs on CAMZYOS:
Strong CYP2C19 Inhibitors: Concomitant use increases CAMZYOS exposure, which may increase the risk of heart failure due to systolic dysfunction. Concomitant use is contraindicated.Moderate to Strong CYP2C19 Inducers or Moderate to Strong CYP3A4 Inducers: Concomitant use decreases CAMZYOS exposure, which may reduce CAMZYOS’ efficacy. The risk of heart failure due to systolic dysfunction may increase with discontinuation of these inducers as the levels of induced enzyme normalizes. Concomitant use is contraindicated.Weak CYP2C19 Inhibitors or Moderate CYP3A4 Inhibitors: Concomitant use with a weak CYP2C19 inhibitor or a moderate CYP3A4 inhibitor increases CAMZYOS exposure, which may increase the risk of adverse drug reactions. Initiate CAMZYOS at the recommended starting dose of 5 mg orally once daily in patients who are on stable therapy with a weak CYP2C19 inhibitor or a moderate CYP3A4 inhibitor. Reduce dose of CAMZYOS by one level (ie, 15 to 10 mg, 10 to 5 mg, or 5 to 2.5 mg) in patients who are on CAMZYOS treatment and intend to initiate a weak CYP2C19 inhibitor or a moderate CYP3A4 inhibitor. Schedule clinical and echocardiographic assessment 4 weeks after inhibitor initiation, and do not up-titrate CAMZYOS until 12 weeks after inhibitor initiation. Avoid initiation of concomitant weak CYP2C19 and moderate CYP3A4 inhibitors in patients who are on stable treatment with 2.5 mg of CAMZYOS because a lower dose is not available. For short-term use (eg, 1 week), interrupt CAMZYOS for the duration of treatment with a weak inhibitor of CYP2C19 or a moderate inhibitor of CYP3A4. CAMZYOS may be reinitiated at the previous dose immediately on discontinuation of concomitant therapy.Moderate CYP2C19 Inhibitors or Strong CYP3A4 Inhibitors: Concomitant use with a moderate CYP2C19 inhibitor or strong CYP3A4 inhibitor increases CAMZYOS exposure, which may increase the risk of adverse drug reactions. Discontinuing use of a moderate CYP2C19 inhibitor or strong CYP3A4 inhibitor after long-term concomitant use may decrease CAMZYOS exposure, which may reduce CAMZYOS’ efficacy. Initiate CAMZYOS at a starting dosage of 2.5 mg orally once daily in patients who are on a stable therapy with a moderate CYP2C19 inhibitor or a strong CYP3A4 inhibitor. Reduce dose of CAMZYOS by one level (ie, 15 to 10 mg, 10 to 5 mg, or 5 to 2.5 mg) in patients who are on CAMZYOS and intend to initiate a moderate CYP2C19 inhibitor or a strong CYP3A4 inhibitor. Avoid initiation of concomitant moderate CYP2C19 and strong CYP3A4 inhibitors in patients who are on a stable treatment with 2.5 mg of CAMZYOS because a lower dose is not available. An increase in dose of CAMZYOS may be needed if the moderate inhibitor of CYP2C19 or strong inhibitor of CYP3A4 is discontinued after long-term concomitant use. Monitor for new or worsening symptoms. For short-term use (ie, when CAMZYOS dose modification is not feasible), interrupt CAMZYOS for the duration of treatment with a moderate inhibitor of CYP2C19 or a strong inhibitor of CYP3A4. CAMZYOS may be reinitiated at the previous dose immediately on discontinuation of concomitant therapy.Potential for CAMZYOS to Affect Plasma Concentrations of Other Drugs
CAMZYOS is an inducer of CYP3A4, CYP2C9, and CYP2C19. Concomitant use with CYP3A4, CYP2C9, or CYP2C19 substrates may reduce plasma concentration of these drugs. Closely monitor when CAMZYOS is used with concomitant CYP3A4, CYP2C9, or CYP2C19 substrates unless otherwise recommended in the Prescribing Information.
Certain Combined Hormonal Contraceptives (CHCs): Progestin and ethinyl estradiol are CYP3A4 substrates. Concomitant use of CAMZYOS may decrease exposures of certain progestins, which may lead to contraceptive failure. CHCs containing a combination of ethinyl estradiol and norethindrone may be used with CAMZYOS, but if other CHCs are used, advise patients to add nonhormonal contraception (such as condoms) or use an alternative contraceptive method that is not affected by CYP450 enzyme induction (eg, intrauterine system) during concomitant use and for 4 months after the last dose of CAMZYOS.
Drugs That Reduce Cardiac Contractility
Expect additive negative inotropic effects of CAMZYOS and other drugs that reduce cardiac contractility. Avoid concomitant use of CAMZYOS in patients on disopyramide, ranolazine, verapamil with a beta blocker, or diltiazem with a beta blocker as these medications and combinations increase the risk of left ventricular systolic dysfunction and heart failure symptoms and clinical experience is limited.
If concomitant therapy with a negative inotrope is initiated, or if the dose of a negative inotrope is increased, monitor LVEF closely until stable doses and clinical response have been achieved.
SPECIFIC POPULATIONS
Pregnancy
Based on animal data, CAMZYOS may cause fetal harm when administered to a pregnant female. Advise pregnant females about the potential risk to the fetus with maternal exposure to CAMZYOS during pregnancy. There is a pregnancy safety study for CAMZYOS. If CAMZYOS is administered during pregnancy, or if a patient becomes pregnant while receiving CAMZYOS or within 4 months after the last dose of CAMZYOS, healthcare providers should report CAMZYOS exposure by contacting Bristol Myers Squibb at 1-800-721-5072 or www.bms.com.
Lactation
The presence of CAMZYOS in human or animal milk, the drug’s effects on the breastfed infant, or the effects on milk production are unknown. The developmental and health benefits of breastfeeding should be considered along with the mother’s clinical need for CAMZYOS and any potential adverse effects on the breastfed child from CAMZYOS or from the underlying maternal condition.
Females and Males of Reproductive Potential
Confirm absence of pregnancy in females of reproductive potential prior to initiation of CAMZYOS. Advise females of reproductive potential to use effective contraception during treatment with CAMZYOS and for 4 months after the last dose. CHCs containing a combination of ethinyl estradiol and norethindrone may be used with CAMZYOS. However, CAMZYOS may reduce the effectiveness of certain other CHCs. If these CHCs are used, advise patients to add nonhormonal contraception (such as condoms) or use an alternative contraceptive method during concomitant use and for 4 months after the last dose of CAMZYOS.
Please see U.S. Full Prescribing Information, including Boxed WARNING and Medication Guide.
About Bristol Myers Squibb: Transforming Patients’ Lives Through Science
At Bristol Myers Squibb, our mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases. We are pursuing bold science to define what’s possible for the future of medicine and the patients we serve. For more information, visit us at BMS.com or follow us on LinkedIn, X, YouTube, Facebook and Instagram.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding, among other things, the research, development and commercialization of pharmaceutical products. All statements that are not statements of historical facts are, or may be deemed to be, forward-looking statements. Such forward-looking statements are based on current expectations and projections about our future financial results, goals, plans and objectives and involve inherent risks, assumptions and uncertainties, including internal or external factors that could delay, divert or change any of them in the next several years, that are difficult to predict, may be beyond our control and could cause our future financial results, goals, plans and objectives to differ materially from those expressed in, or implied by, the statements. These risks, assumptions, uncertainties and other factors include, among others, that results of future post-marketing studies will be consistent with the results of this study, that Camzyos (mavacamten), may not be commercially successful, any marketing approvals, if granted, may have significant limitations on their use, and that continued approval of Camzyos may be contingent upon verification and description of clinical benefit in additional confirmatory trials. No forward-looking statement can be guaranteed. It should be noted that acceptance of the application does not change the standards for FDA approval. Forward-looking statements in this press release should be evaluated together with the many risks and uncertainties that affect Bristol Myers Squibb’s business and market, particularly those identified in the cautionary statement and risk factors discussion in Bristol Myers Squibb’s Annual Report on Form 10-K for the year ended December 31, 2025, as updated by our subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission. The forward-looking statements included in this document are made only as of the date of this document and except as otherwise required by applicable law, Bristol Myers Squibb undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise.
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At one point, Cummins (CMI -2.73%) seemed headed for the dustbin of history as the world moved toward electric vehicles. After all, the company's core business has long been making the large combustion engines that power trucks. But things have a habit of changing quickly, and those same engines are increasingly needed to do something else. You can thank the artificial intelligence (AI) infrastructure spending boom for making Cummins' technology increasingly relevant worldwide. Here's what you need to know.
The AI spending spree is boosting Cummins Artificial intelligence has taken the world by storm, given how rapidly the technology seems to be advancing. At the end of the day, however, AI is just a fancy computer program. It needs reliable electricity to work. That's a problem given how rapidly companies are building out their AI platforms. It's estimated that up to $750 billion will be spent on AI infrastructure in 2026. A massive chunk of that will come from hyperscalers, which are creating giant AI data centers.
Image source: Getty Images.
The demand for power is straining the power grid's ability to provide it. Elon Musk's Space Exploration Technologies (SPCX -1.44%) had to build its own natural gas power plant to generate all the electricity it needed to supply its Colossus I and Colossus II data centers. Cummins is quietly helping AI companies do the same with backup power and, increasingly, prime power.
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After all, Cummins' engines don't have to turn truck wheels; they can also generate electricity. And there's huge demand, with revenues in its power systems division up 19% year over year in the second quarter of 2026. The company's engine business saw revenue growth of just 6%. To be fair, Cummins has provided off-grid power for a long time to industries like mining, where operations are in remote locations. So this isn't new technology, just a new application of an existing technology.
Cummins isn't resting on its laurels What's interesting here, however, is that Cummins sees the opportunity and is leaning in. The industrial giant is working to expand its offerings beyond just backup power, where it has seen the most strength in the AI build-out. The goal is also to provide always-on power to data centers that can't connect to the grid, the way it provides power to mining operations in the same situation. So this growth opportunity may actually get even more attractive as AI spending expands.
The one drawback is that Wall Street knows the story, and Cummins' 30x price-to-earnings ratio is well above its five-year average of 17.5x. However, if you believe strongly in the AI growth story, you still might want to do a deep dive, even if you just end up putting this stock on your wishlist.
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Stock to Watch: Cummins (CMI - Free Report) Cummins Inc. is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products. Powertrain components include fuel systems, turbochargers, transmissions, batteries and electrified power systems, among others. Headquartered in Columbus, IN, the company offers products to original equipment manufacturers (OEMs), distributors and dealers through a network of roughly 650 company-owned and independent distributor facilities in over 19,000 dealer locations in more than 190 countries and territories.
CMI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 19.83; value investors should take notice.
For fiscal 2026, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.33 to $29.64 per share. CMI boasts an average earnings surprise of +8.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CMI should be on investors' short list.
Advisors Capital Management LLC purchased a new stake in Cummins Inc. (NYSE:CMI – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,050 shares of the company’s stock, valued at approximately $749,000.
Other large investors have also made changes to their positions in the company. Activest Wealth Management lifted its position in Cummins by 537.5% in the 4th quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after acquiring an additional 43 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in shares of Cummins by 1,500.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock valued at $26,000 after acquiring an additional 45 shares during the period. Persistent Asset Partners Ltd bought a new stake in Cummins in the second quarter valued at approximately $26,000. Wellington Shields Capital Management LLC acquired a new position in shares of Cummins during the 4th quarter worth approximately $27,000. Finally, Key Financial Inc raised its stake in Cummins by 62.5% in the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock valued at $28,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 83.46% of the company’s stock.
Cummins Trading Down 0.9% NYSE CMI opened at $587.87 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.48. Cummins Inc. has a 52 week low of $389.52 and a 52 week high of $737.76. The company has a market cap of $80.93 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 1.41 and a beta of 1.24. The business has a 50 day moving average price of $660.86 and a 200-day moving average price of $628.31.
Cummins (NYSE:CMI – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.48). Cummins had a net margin of 7.82% and a return on equity of 25.29%. The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the prior year, the business earned $6.43 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that Cummins Inc. will post 30.06 earnings per share for the current fiscal year. Cummins Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. This is a positive change from Cummins’s previous quarterly dividend of $2.00. Cummins’s dividend payout ratio (DPR) is presently 40.88%.
Wall Street Analyst Weigh In A number of equities analysts have recently weighed in on the company. Truist Financial set a $894.00 target price on Cummins in a research note on Wednesday, August 5th. Barclays raised their price objective on Cummins from $610.00 to $760.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their price objective on Cummins from $752.00 to $761.00 and gave the company an “overweight” rating in a report on Friday, July 17th. UBS Group cut their target price on Cummins from $850.00 to $835.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Finally, Robert W. Baird set a $700.00 price objective on Cummins in a research report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $745.64.
View Our Latest Research Report on CMI
Cummins Profile (Free Report)
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.
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Data centers can't simply shut down when the grid fails. That's why these facilities require enormous backup generators capable of providing electricity almost immediately.
That's exactly what Cummins (CMI -0.51%) provides. The company best known for diesel engines also happens to be a major supplier of backup power for data centers, and that's becoming increasingly valuable as AI spending soars.
S&P Global estimates that Alphabet (GOOG +1.22%)(GOOGL +1.37%), Amazon (AMZN -0.39%), Meta Platforms (META +0.70%), Microsoft (MSFT +0.34%), and Oracle (ORCL +3.38%) will collectively spend approximately $750 billion on capital expenditures in 2026, equal to about 38% of their combined revenue. Much of that spending is being driven by AI and the data centers required to support it. Cummins is already cashing in.
Not a one-quarter phenomenon During the second quarter, Cummins' Power Systems sales jumped 19% year over year, driven by strong global demand for data center power equipment. Segment EBITDA margin also reached 24.5%, up from 22.8% a year earlier.
This isn't just a one-quarter phenomenon, either. Cummins says its growth in the data center market is being driven partly by sales of diesel and natural gas generator sets used for backup power, as AI racks are becoming more power-hungry.
Cummins says traditional data center racks averaged around 12 kilowatts, while next-generation AI racks could reach 600 kilowatts or more. The more electricity these facilities consume, the more backup generating capacity they need when the grid goes down.
Image source: Getty Images.
Cummins is moving beyond backup power Cummins is also starting to sell generators that don't simply wait around for an outage. In June, the company announced an agreement with Circe Energy to provide high-powered natural gas generators for a large high-performance-computing data center in West Texas. Those generators will be part of a behind-the-meter microgrid providing primary power, with deliveries scheduled from 2026 through 2030.
That's a huge opportunity. Grid connections can take years, and AI developers don't necessarily want to wait. Cummins can now potentially sell generators both as emergency backup and as a bridge, or even alternative, to traditional grid power.
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An industrial stock riding the AI boom Make no mistake: Cummins isn't an AI pure play. Trucks, engines, components, and industrial equipment remain major parts of its business. But AI is also serving as a catalyst for a new form of revenue generation for the company.
The truth is, you don't have to bet on which AI model wins or which semiconductor eventually replaces today's graphics processing units. The world's largest technology companies are spending hundreds of billions of dollars building computing infrastructure, and every one of those facilities requires reliable backup power. Cummins already sells the equipment that provides it. It's pretty much a no-brainer.
If hyperscalers really spend around $750 billion this year, Cummins only needs a small piece of that infrastructure build-out for data centers to become a much bigger part of its business.
Jeff Siegel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Cummins, Meta Platforms, Microsoft, and Oracle. The Motley Fool has a disclosure policy.
Bank of New York Mellon Corp purchased a new stake in Cummins Inc. (NYSE:CMI – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,364,532 shares of the company’s stock, valued at approximately $973,198,000. Bank of New York Mellon Corp owned approximately 0.99% of Cummins as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of CMI. Northwestern Mutual Wealth Management Co. raised its position in shares of Cummins by 10,317.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,458,475 shares of the company’s stock valued at $1,254,929,000 after buying an additional 2,434,876 shares in the last quarter. Norges Bank bought a new position in Cummins during the 4th quarter worth $863,441,000. Boston Partners acquired a new position in Cummins in the 3rd quarter valued at $473,471,000. SG Americas Securities LLC lifted its position in shares of Cummins by 257.9% during the 1st quarter. SG Americas Securities LLC now owns 736,670 shares of the company’s stock valued at $396,343,000 after acquiring an additional 530,812 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Cummins by 245.1% during the 4th quarter. First Trust Advisors LP now owns 542,796 shares of the company’s stock worth $277,071,000 after purchasing an additional 385,525 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Cummins from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. lifted their price objective on shares of Cummins from $600.00 to $725.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Argus upped their target price on Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Barclays lifted their price target on Cummins from $610.00 to $760.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Evercore restated an “outperform” rating and set a $845.00 price objective on shares of Cummins in a research report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $745.64.
Check Out Our Latest Analysis on Cummins
Cummins Price Performance
Cummins stock opened at $593.12 on Friday. The stock has a 50-day moving average price of $662.30 and a two-hundred day moving average price of $628.59. Cummins Inc. has a 12 month low of $389.52 and a 12 month high of $737.76. The company has a market capitalization of $81.65 billion, a PE ratio of 30.31, a P/E/G ratio of 1.45 and a beta of 1.24. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.48.
Cummins (NYSE:CMI – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share for the quarter, missing the consensus estimate of $7.21 by ($0.48). Cummins had a return on equity of 25.29% and a net margin of 7.82%.The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter last year, the firm posted $6.43 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that Cummins Inc. will post 30.06 EPS for the current year.
Cummins Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be issued a $2.20 dividend. The ex-dividend date is Friday, August 21st. This is a positive change from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 dividend on an annualized basis and a yield of 1.5%. Cummins’s dividend payout ratio (DPR) is currently 40.88%.
Cummins Profile
(Free Report)
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.
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Want to see what other hedge funds are holding CMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI – Free Report).
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Allworth Financial LP purchased a new stake in shares of Cummins Inc. (NYSE:CMI – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 30,969 shares of the company’s stock, valued at approximately $22,087,000.
Several other institutional investors and hedge funds have also bought and sold shares of CMI. Juno Financial Group LLC bought a new position in shares of Cummins during the fourth quarter valued at approximately $883,000. Truist Financial Corp boosted its position in shares of Cummins by 4.8% in the 4th quarter. Truist Financial Corp now owns 64,005 shares of the company’s stock worth $32,671,000 after purchasing an additional 2,951 shares in the last quarter. Kepler Cheuvreux Suisse SA bought a new stake in shares of Cummins in the 4th quarter worth approximately $7,869,000. Westfield Capital Management Co. LP purchased a new stake in shares of Cummins in the 4th quarter worth approximately $7,797,000. Finally, Comprehensive Financial Consultants Institutional Inc. increased its position in Cummins by 643.0% during the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,311 shares of the company’s stock valued at $3,732,000 after buying an additional 6,327 shares in the last quarter. 83.46% of the stock is currently owned by hedge funds and other institutional investors.
Cummins Price Performance NYSE CMI opened at $593.12 on Friday. Cummins Inc. has a one year low of $389.52 and a one year high of $737.76. The stock has a 50-day moving average of $662.30 and a 200 day moving average of $628.59. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.73. The company has a market capitalization of $81.65 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.45 and a beta of 1.24.
Cummins (NYSE:CMI – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.21 by ($0.48). Cummins had a net margin of 7.82% and a return on equity of 25.29%. The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the prior year, the company posted $6.43 EPS. Cummins’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Cummins Inc. will post 30.06 EPS for the current year. Cummins Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be given a $2.20 dividend. This is a boost from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, August 21st. This represents a $8.80 dividend on an annualized basis and a yield of 1.5%. Cummins’s payout ratio is presently 40.88%.
Analyst Upgrades and Downgrades A number of research analysts have issued reports on CMI shares. Argus lifted their price objective on Cummins from $696.00 to $770.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Sanford C. Bernstein restated a “market perform” rating and set a $700.00 price target on shares of Cummins in a report on Wednesday, August 5th. UBS Group lowered their price target on Cummins from $850.00 to $835.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Citigroup upped their price target on shares of Cummins from $770.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Truist Financial set a $894.00 price objective on shares of Cummins in a research report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cummins has an average rating of “Moderate Buy” and an average target price of $745.64.
View Our Latest Analysis on Cummins
About Cummins (Free Report)
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.
Further Reading Five stocks we like better than Cummins 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
On August 18, 2026, we conducted a discounted cash flow (DCF) analysis for Cummins Inc (CMI) amidst a backdrop of notable price performance. The stock has seen
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today announced that its Power Generation business has been selected to supply battery energy storage systems (BESS) for a large U.S. data center project, supporting utility-defined requirements for managing AI-driven load fluctuations, mitigating load oscillations and enhancing ride-through performance. This announcement marks a significant milestone for Cummins' BESS business as this project would be the company's largest BESS deployme.
Bellars Harris Wealth Management LLC purchased a new position in shares of Cummins Inc. (NYSE:CMI – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,609 shares of the company’s stock, valued at approximately $9,706,000. Cummins makes up 2.0% of Bellars Harris Wealth Management LLC’s portfolio, making the stock its 13th biggest position.
A number of other institutional investors have also made changes to their positions in CMI. Brighton Jones LLC grew its position in Cummins by 4.1% in the fourth quarter. Brighton Jones LLC now owns 2,112 shares of the company’s stock valued at $736,000 after purchasing an additional 83 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Cummins by 40.8% in the 1st quarter. Intech Investment Management LLC now owns 3,956 shares of the company’s stock valued at $1,240,000 after acquiring an additional 1,146 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Cummins by 2.8% in the second quarter. Treasurer of the State of North Carolina now owns 64,289 shares of the company’s stock valued at $21,055,000 after acquiring an additional 1,759 shares during the last quarter. ICW Investment Advisors LLC bought a new stake in Cummins during the second quarter worth about $225,000. Finally, Osterweis Capital Management Inc. acquired a new position in Cummins during the second quarter valued at approximately $31,000. Institutional investors own 83.46% of the company’s stock.
Cummins Stock Performance NYSE CMI opened at $631.81 on Friday. The stock has a market cap of $86.98 billion, a PE ratio of 32.28, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.73. The firm has a 50-day moving average of $665.58 and a 200-day moving average of $627.15. Cummins Inc. has a 52-week low of $389.52 and a 52-week high of $737.76.
Cummins (NYSE:CMI – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share for the quarter, missing the consensus estimate of $7.21 by ($0.48). The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. Cummins had a net margin of 7.82% and a return on equity of 25.29%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $6.43 earnings per share. On average, sell-side analysts anticipate that Cummins Inc. will post 30.15 EPS for the current year.
Cummins Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 21st. This is an increase from Cummins’s previous quarterly dividend of $2.00. Cummins’s payout ratio is 40.88%.
Analysts Set New Price Targets Several research firms have weighed in on CMI. Wells Fargo & Company boosted their price target on Cummins from $794.00 to $874.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Robert W. Baird set a $700.00 target price on shares of Cummins in a report on Wednesday, May 6th. UBS Group cut their price target on shares of Cummins from $850.00 to $835.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Sanford C. Bernstein restated a “market perform” rating and set a $700.00 price objective on shares of Cummins in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Cummins from $600.00 to $725.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $745.64.
Read Our Latest Stock Analysis on CMI
About Cummins (Free Report)
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.
Read More Five stocks we like better than Cummins Is Best Buy the AI Winner Hiding in the Electronics Aisle? Applied Materials Beat Everything but Wall Street’s Expectations for Margins Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing Want to see what other hedge funds are holding CMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI – Free Report).
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Bridgewater Advisors Inc. acquired a new stake in shares of Cummins Inc. (NYSE:CMI – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,125 shares of the company’s stock, valued at approximately $3,973,000.
Other large investors have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC increased its holdings in shares of Cummins by 91.7% during the second quarter. Elevation Wealth Partners LLC now owns 46 shares of the company’s stock valued at $33,000 after acquiring an additional 22 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in Cummins by 1,500.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Activest Wealth Management boosted its stake in Cummins by 537.5% in the 4th quarter. Activest Wealth Management now owns 51 shares of the company’s stock worth $26,000 after purchasing an additional 43 shares in the last quarter. Wellington Shields Capital Management LLC purchased a new stake in Cummins during the 4th quarter valued at about $27,000. Finally, Key Financial Inc raised its holdings in Cummins by 62.5% in the first quarter. Key Financial Inc now owns 52 shares of the company’s stock worth $28,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research firms have recently commented on CMI. Barclays increased their price target on shares of Cummins from $610.00 to $760.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cummins in a research note on Monday, August 3rd. Robert W. Baird set a $700.00 target price on Cummins in a report on Wednesday, May 6th. Citigroup boosted their price target on Cummins from $770.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. increased their price objective on Cummins from $600.00 to $725.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $745.64.
View Our Latest Stock Analysis on Cummins
Cummins Price Performance Shares of CMI opened at $631.81 on Friday. The firm has a market cap of $86.98 billion, a PE ratio of 32.28, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $665.58 and a two-hundred day simple moving average of $627.15. Cummins Inc. has a 1-year low of $389.52 and a 1-year high of $737.76.
Cummins (NYSE:CMI – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share for the quarter, missing the consensus estimate of $7.21 by ($0.48). The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. Cummins had a net margin of 7.82% and a return on equity of 25.29%. Cummins’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $6.43 earnings per share. On average, equities analysts anticipate that Cummins Inc. will post 30.15 EPS for the current year.
Cummins Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be issued a $2.20 dividend. This is a positive change from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 21st. Cummins’s dividend payout ratio is currently 40.88%.
Cummins Company Profile (Free Report)
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.
See Also Five stocks we like better than Cummins Is Best Buy the AI Winner Hiding in the Electronics Aisle? Applied Materials Beat Everything but Wall Street’s Expectations for Margins Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing Want to see what other hedge funds are holding CMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI – Free Report).
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Atlas Brown Inc. cut its stake in shares of Cummins Inc. (NYSE:CMI – Free Report) by 38.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,169 shares of the company’s stock after selling 1,995 shares during the quarter. Atlas Brown Inc.’s holdings in Cummins were worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMI. Brighton Jones LLC increased its position in shares of Cummins by 4.1% during the 4th quarter. Brighton Jones LLC now owns 2,112 shares of the company’s stock valued at $736,000 after purchasing an additional 83 shares during the last quarter. Intech Investment Management LLC lifted its position in Cummins by 40.8% in the 1st quarter. Intech Investment Management LLC now owns 3,956 shares of the company’s stock worth $1,240,000 after buying an additional 1,146 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Cummins by 2.8% in the second quarter. Treasurer of the State of North Carolina now owns 64,289 shares of the company’s stock worth $21,055,000 after buying an additional 1,759 shares in the last quarter. ICW Investment Advisors LLC purchased a new stake in Cummins in the second quarter worth approximately $225,000. Finally, Osterweis Capital Management Inc. bought a new position in Cummins during the second quarter valued at approximately $31,000. 83.46% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling In related news, VP Donald G. Jackson sold 730 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $710.92, for a total transaction of $518,971.60. Following the completion of the transaction, the vice president owned 8,316 shares in the company, valued at $5,912,010.72. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jennifer Mary Bush sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $696.21, for a total value of $3,481,050.00. Following the completion of the sale, the vice president directly owned 11,986 shares of the company’s stock, valued at $8,344,773.06. The trade was a 29.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by corporate insiders.
Cummins Stock Down 0.0% NYSE CMI opened at $644.21 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.73 and a quick ratio of 1.13. The stock has a market capitalization of $88.68 billion, a PE ratio of 32.92, a PEG ratio of 1.55 and a beta of 1.24. Cummins Inc. has a 1 year low of $383.90 and a 1 year high of $737.76. The business’s 50-day moving average is $668.83 and its 200 day moving average is $625.48.
Cummins (NYSE:CMI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.48). The business had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.33 billion. Cummins had a net margin of 7.82% and a return on equity of 25.29%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.43 EPS. Sell-side analysts forecast that Cummins Inc. will post 29.73 earnings per share for the current year.
Cummins Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. This is a boost from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, August 21st. Cummins’s payout ratio is presently 40.88%.
Analyst Ratings Changes A number of equities research analysts have recently weighed in on CMI shares. Sanford C. Bernstein restated a “market perform” rating and issued a $700.00 price objective on shares of Cummins in a report on Wednesday. Evercore reaffirmed an “outperform” rating and set a $845.00 target price on shares of Cummins in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on shares of Cummins from $600.00 to $725.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Raymond James Financial boosted their price target on shares of Cummins from $675.00 to $745.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Finally, Zacks Research downgraded Cummins from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $745.64.
Read Our Latest Analysis on CMI
About Cummins (Free Report)
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.
See Also Five stocks we like better than Cummins Albemarle’s Blowout Quarter Shows Why Lithium Still Matters Can DICK’S Turn Foot Locker Into a Winner? Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War Want to see what other hedge funds are holding CMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI – Free Report).
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Stock to Watch: Cummins (CMI - Free Report) Cummins Inc. is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products. Powertrain components include fuel systems, turbochargers, transmissions, batteries and electrified power systems, among others. Headquartered in Columbus, IN, the company offers products to original equipment manufacturers (OEMs), distributors and dealers through a network of roughly 650 company-owned and independent distributor facilities in over 19,000 dealer locations in more than 190 countries and territories.
CMI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 22.02; value investors should take notice.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.24 to $29.53 per share. CMI boasts an average earnings surprise of +8.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CMI should be on investors' short list.
Cummins delivered mixed Q2 results, with revenue beats but EPS misses and soft profitability outside power systems. CMI raised full-year revenue guidance to 10%-13% growth and narrowed EBITDA margin outlook to 18%-18.5%, citing data center and China construction demand. Data center power generation and a recovering truck market are set to drive multi-year growth, offsetting segment softness.
Key Takeaways Cummins' Q2 earnings missed estimates as margin pressure offsets a 9.4% revenue increase.Power Systems sales surged 19% on global data center demand, lifting segment margin to 24.5%.Cummins raised 2026 revenue growth guidance to 10-13% and EBITDA margin outlook to 18-18.5%. Cummins Inc. (CMI - Free Report) reported second-quarter 2026 adjusted earnings of $6.94 per share, which missed the Zacks Consensus Estimate of $7.33 by 5.3%. Higher incentive compensation, research and development spending, freight costs and product coverage expenses put pressure on profitability.
Revenues increased 9.4% year over year to $9.46 billion and topped the consensus mark of $9.33 billion by 1.38%. Growth was led by global power generation demand, international construction markets and improving North American truck activity.
Cummins currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Engine Margin Falls on Higher CostsEngine segment sales increased 6% year over year to $3.08 billion. Total engine shipments rose 9.7% to 161,200 units. North American revenues rose 1%, while international sales jumped 23%, primarily on stronger construction demand in China.
Segment EBITDA declined to $386 million from $400 million, while margin contracted to 12.5% from 13.8%. Higher research and development and freight costs outweighed benefits from stronger North American medium-duty truck volumes, China construction demand and improved tariff recovery.
Components Sales Gain on Truck DemandComponents segment sales advanced 7% to $2.89 billion. Revenues increased 6% in North America and 8% internationally, reflecting stronger truck demand in the United States and China.
Segment EBITDA decreased to $381 million from $397 million, with margin falling to 13.2% from 14.7%. Higher product coverage costs were partly offset by favorable pricing, stronger North American truck volumes and increased China on- and off-highway activity.
Distribution Margin Faces Cost PressureDistribution segment sales rose 9% to a record $3.33 billion. North American revenues climbed 13%, while international revenues increased 1%, driven by demand for power generation products, particularly for data center applications.
Segment EBITDA increased slightly to $451 million from $445 million, but margin declined to 13.6% from 14.6%. Higher incentive compensation and freight expenses more than offset increased power generation volumes. Slower parts growth relative to power generation also limited margin expansion.
Power Systems Delivers Margin ExpansionPower Systems sales surged 19% to a record $2.26 billion. Revenues increased 19% in both North America and international markets, supported by data center power demand in the United States, China and Asia Pacific.
Segment EBITDA climbed to $552 million from $430 million, while margin expanded to 24.5% from 22.8%. Strong global power generation volumes were the primary driver. Higher China joint venture earnings, favorable production efficiency and pricing boosted results. Power generation sales jumped to $1.54 billion from $1.21 billion, while industrial sales increased to $538 million.
Accelera Loss Narrows on Cost ActionsAccelera segment sales increased 38% to $145 million, driven by higher electrified powertrain and electrolyzer sales.
The segment posted a negative EBITDA loss of $69 million, narrowing from a loss of $100 million a year earlier. The improvement reflected targeted cost-reduction actions previously implemented as Cummins focused zero-emissions investments on its most promising opportunities.
Cash Flow Supports Capital ReturnsCummins generated record second-quarter operating cash flow of $1.5 billion, up from $785 million. Capital expenditures increased to $249 million from $231 million.
Cash, cash equivalents and marketable securities totaled $3.92 billion at quarter-end, compared with $3.61 billion at the end of 2025. Long-term debt declined to $6.74 billion from $6.79 billion. The company returned $501 million through $276 million in dividends and $225 million in share repurchases.
Cummins also increased its quarterly dividend to $2.20 per share from $2.00, marking its 17th consecutive annual dividend increase.
Cummins Raises 2026 OutlookCummins now expects full-year 2026 revenues to increase 10-13%, up from its prior projection of 8-11%. The revision reflects stronger demand in North American on-highway markets, China construction and power generation. Management expects the second half of 2026 to be stronger than the first half. The company raised the low end of its EBITDA margin outlook to 18%, resulting in a new range of 18.0-18.5%, excluding first-quarter fuel cell business sale charges.
Key Releases From the Auto SpaceGeneral Motors (GM - Free Report) reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected to be $12-$14 per share, up from the prior range of $11.50-$13.50.
Tesla, Inc. (TSLA - Free Report) reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years.
Ford (F - Free Report) reported second-quarter 2026 adjusted earnings of 42 cents per share, beating the Zacks Consensus Estimate of 33 cents by 27.27%. Earnings rose 13.5% from 37 cents a year ago. Automotive revenues of $44.89 billion fell 4.4% year over year and missed the consensus mark of $45.72 billion by 1.81%. Ford’s consolidated second-quarter revenues came in at $48.3 billion, down 3.7% year over year. The company has raised its full-year adjusted EBIT outlook to $10-$11 billion from $8.5-$10.5 billion.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
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Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
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VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cummins (CMI - Free Report) Cummins Inc. is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products. Powertrain components include fuel systems, turbochargers, transmissions, batteries and electrified power systems, among others. Headquartered in Columbus, IN, the company offers products to original equipment manufacturers (OEMs), distributors and dealers through a network of roughly 650 company-owned and independent distributor facilities in over 19,000 dealer locations in more than 190 countries and territories.
CMI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. CMI has a Growth Style Score of B, forecasting year-over-year earnings growth of 23.6% for the current fiscal year.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.10 to $29.39 per share. CMI boasts an average earnings surprise of +8.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CMI should be on investors' short list.
Key Takeaways Cummins raised 2026 revenue growth guidance to 10-13% and EBITDA guidance to 18-18.5%.Cummins sees 15-25% power generation growth, with 95-liter demand extending into second-half 2028.Cummins plans a phased 2027 X15 and X10 rollout as proposed EPA flexibility eases the engine transition. Cummins Inc. (CMI - Free Report) emphasized rising data center power demand, improving truck markets and a measured 2027 emissions transition on its second-quarter 2026 earnings call. Management raised its full-year revenue and EBITDA outlook.
Quarterly revenues of $9.46 billion topped the Zacks Consensus Estimate of $9.33 billion, while earnings of $6.94 per share missed the consensus mark of $7.33. The call centered on second-half execution and capacity-led growth.
CMI Raises Its 2026 OutlookChair and CEO Jennifer Rumsey raised 2026 revenue growth guidance to 10-13% from 8-11%. Cummins also lifted EBITDA guidance to 18-18.5% from 17.75-18.5%.
Rumsey tied the revision to stronger North American on-highway demand, China construction activity and sustained power generation orders. Cummins also increased heavy and medium-duty truck market forecasts.
CFO Mark Smith said that the second half should deliver stronger EBITDA percentages than the first half and the year-ago period. He added that no unusual benefit supports the implied improvement.
Cummins Leans on Data Center PowerRumsey maintained the forecast for global power generation revenue growth of 15-25%, with large generator sets operating near capacity.
She highlighted a multiyear agreement with a global hyperscaler covering several gigawatts of future backup-power demand. Cummins also secured natural gas generator and microgrid work for a Texas high-performance computing project.
During Q&A, a Citigroup analyst asked about lead times. Mark Smith said that new demand for the 95-liter platform extends into the second half of 2028, while broader orders continue to grow.
CMI Sees a Smoother 2027 Engine ShiftRumsey outlined limited production of the 2027 X15 and X10 engines beginning in January 2027. Full production is planned for the fourth and third quarters of 2027, respectively.
A Truist Securities analyst pressed management on the 2027 setup. Rumsey said that the proposed EPA flexibility should reduce the abruptness of the transition by keeping selected current engines available while new platforms ramp.
Smith said that Cummins expects to pass nonconforming penalties through to the market. He also noted that research spending will remain elevated longer, while product coverage costs should be lower than under a full January launch.
Cummins Expects Margins to ImproveSecond-quarter EBITDA margin was 17.5%, down from 18.4% a year earlier, even as EBITDA dollars reached a record. Higher incentive compensation, freight and development spending weighed on several segments.
Smith said that incentive compensation expense should run about $25 million lower per quarter in the third and fourth quarters than in the second quarter. He also identified an incentive-compensation reset of roughly $200 million entering 2027.
Power Systems EBITDA margin increased to 24.5% from 22.8%. Smith cited stronger China demand, joint venture income, production efficiency, supply-chain execution and pricing as contributors.
CMI Finds Broader Demand SupportRumsey said that North American revenues rose 8%, while international revenue increased 12%. China revenue, including joint ventures, climbed 30% to $2.3 billion.
Cummins raised its China revenue outlook to about 15% growth and improved its global construction forecast to flat to up 10%. However, it reduced the mining outlook to down 5% to up 5% because of elevated inventory.
Smith reported record second-quarter operating cash flow of $1.5 billion. Cummins returned $501 million through dividends and repurchases, consistent with its goal of returning about half of operating cash flow.
Cummins Keeps Execution at the CenterRumsey’s message combined confidence in demand with discipline around capacity, product launches and customer transitions. Power generation expansion and the phased engine rollout remain the central operating priorities.
Smith emphasized stronger second-half profitability without relying on one-time support. Management remains focused on backlog conversion, launch costs and capacity funding beyond 2026.
Zacks Signals for CMICMI carries a Zacks Rank #3 (Hold), with a Value Score of B, a Growth Score of B, a Momentum Score of A and a VGM Score of A. The grades indicate favorable style characteristics, led by momentum and the combined VGM measure. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Hold rank tempers those favorable scores because Style Scores are designed to complement the Zacks Rank, with the strongest combinations centered on Rank #1 or #2 stocks. The Zacks Rank can change as earnings estimates are revised after the just-reported results.
Anderson Hoagland & Co. raised its position in shares of Cummins Inc. (NYSE:CMI – Free Report) by 26.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,908 shares of the company’s stock after buying an additional 4,934 shares during the period. Cummins comprises 1.3% of Anderson Hoagland & Co.’s portfolio, making the stock its 21st biggest position. Anderson Hoagland & Co.’s holdings in Cummins were worth $17,051,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of CMI. Activest Wealth Management increased its position in Cummins by 537.5% in the 4th quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after acquiring an additional 43 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in Cummins by 1,500.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Wellington Shields Capital Management LLC bought a new position in shares of Cummins in the 4th quarter valued at about $27,000. Key Financial Inc boosted its stake in shares of Cummins by 62.5% in the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock valued at $28,000 after purchasing an additional 20 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new stake in shares of Cummins during the 4th quarter worth approximately $28,000. Institutional investors own 83.46% of the company’s stock.
Key Headlines Impacting Cummins Here are the key news stories impacting Cummins this week:
Positive Sentiment: Cummins reported second-quarter revenue of approximately $9.46 billion, ahead of the $9.33 billion consensus estimate and up 9.4% year over year. The company cited record demand for standby power used by data centers and improving North American truck markets. Cummins Reports Strong Second Quarter 2026 Results; Raises Full-Year Outlook Positive Sentiment: The company raised its full-year 2026 outlook and provided revenue guidance of $37 billion to $38 billion, broadly consistent with analysts’ expectations. Management’s comments suggest continued momentum from data-center infrastructure spending and commercial vehicle demand. Cummins Raises Outlook as Profit, Sales Climb Negative Sentiment: Adjusted earnings were reported at roughly $6.73 to $6.94 per share, depending on the source, below consensus estimates ranging from $7.21 to $7.33. The earnings miss appears to have outweighed the revenue beat and raised guidance, increasing concern about margins and near-term profitability. Cummins misses quarterly profit estimates despite strong generator demand Cummins Stock Down 1.8% Discover more
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Shares of NYSE:CMI opened at $637.42 on Wednesday. The company has a 50 day moving average price of $669.66 and a two-hundred day moving average price of $624.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.71. The company has a market capitalization of $87.96 billion, a PE ratio of 33.08, a PEG ratio of 1.58 and a beta of 1.24. Cummins Inc. has a 52 week low of $364.14 and a 52 week high of $737.76.
Cummins (NYSE:CMI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.21 by ($0.48). The firm had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. Cummins had a net margin of 7.89% and a return on equity of 25.25%. Cummins’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $6.43 EPS. Analysts forecast that Cummins Inc. will post 29.39 earnings per share for the current year.
Cummins Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be issued a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. This is an increase from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date is Friday, August 21st. Cummins’s dividend payout ratio is currently 41.52%.
Insider Buying and Selling In related news, insider Brett Michael Merritt sold 701 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $688.75, for a total transaction of $482,813.75. Following the completion of the sale, the insider directly owned 10,404 shares of the company’s stock, valued at approximately $7,165,755. This represents a 6.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Donald G. Jackson sold 730 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $710.92, for a total transaction of $518,971.60. Following the sale, the vice president owned 8,316 shares in the company, valued at $5,912,010.72. This trade represents a 8.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 13,579 shares of company stock valued at $9,377,684. 0.30% of the stock is owned by company insiders.
Wall Street Analyst Weigh In A number of research firms recently weighed in on CMI. Weiss Ratings downgraded shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their target price on shares of Cummins from $752.00 to $761.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Raymond James Financial upped their target price on shares of Cummins from $675.00 to $745.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Zacks Research downgraded Cummins from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. raised their price target on Cummins from $600.00 to $725.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cummins currently has a consensus rating of “Moderate Buy” and a consensus price target of $740.07.
View Our Latest Analysis on Cummins
About Cummins (Free Report)
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.
See Also Five stocks we like better than Cummins System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter Want to see what other hedge funds are holding CMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI – Free Report).
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Generac’s AI Power Pivot Raises a Bigger Question About Data Center DemandCummins NYSE: CMI reported record second-quarter sales and EBITDA for 2026, driven by continued demand for power generation equipment used in data centers, improving North American truck markets and stronger activity in China.
Second-quarter revenue rose 9% year over year to a record $9.5 billion. EBITDA increased to $1.7 billion, although EBITDA margin declined to 17.5% of sales from 18.4% a year earlier. Net income was $932 million, or $6.73 per diluted share, compared with $890 million, or $6.43 per share, in the prior-year quarter.
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3 Picks-and-Shovels Ways to Invest in AI Without Betting on ChipmakersChair and CEO Jennifer Rumsey said higher global power-generation demand, especially from data centers, and international construction-market strength supported the quarter. The company raised its full-year revenue outlook, now expecting 2026 sales growth of 10% to 13%, up from prior guidance for 8% to 11% growth. Cummins also lifted the midpoint of its full-year EBITDA margin outlook to a range of 18% to 18.5%.
Data Center Demand Supports Power Systems Power Systems revenue climbed 19% to a record $2.3 billion in the quarter, while segment EBITDA margin rose to 24.5% from 22.8% a year earlier. Rumsey said demand remained particularly strong for backup power systems supporting data centers in the U.S., China and Southeast Asia.
Engines to AI: Cummins’ Surprising Growth DriverThe company recently signed a multiyear agreement with an existing global hyperscaler customer, providing visibility into several gigawatts of future backup-power generator demand. Cummins also announced an agreement with Circe Energy to supply natural-gas generator sets and integrated microgrid technology for a behind-the-meter prime-power solution serving a high-performance-computing data center in Texas.
Cummins is expanding its global production capacity and developing a 130-liter natural-gas generator platform for the prime-power market. However, Rumsey said 2026 growth will remain constrained by available capacity for larger generator-set configurations. CFO Mark Smith said the company is generally selling new power-generation equipment into the second half of 2028.
For the full year, Cummins maintained its forecast for Power Systems revenue growth of 14% to 19%. The company expects segment EBITDA margin of 25% to 25.75%, reflecting strong performance as well as higher investments in the second half to develop its natural-gas platform and expand its prime-power position.
Truck and China Outlook Improves Cummins raised its outlook for North American heavy-duty truck production to 240,000 to 250,000 units in 2026, compared with its previous range of 230,000 to 250,000 units. The company cited stronger recent orders, improved fleet profitability and better visibility into second-half demand.
Its North American medium-duty truck outlook increased to 130,000 to 140,000 units, from a prior range of 125,000 to 135,000 units. Cummins attributed the revision to stronger expected second-half demand, improving OEM outlooks and a modestly higher pre-buy following recent emissions-regulation clarification.
Second-quarter North American revenue rose 8%. Industry heavy-duty truck production declined 4% to 60,000 units, while Cummins’ heavy-duty unit sales increased 2% to 23,000 units. North American Power Systems revenue increased 19%, supported by data-center demand and manufacturing capacity added late in 2025.
International revenue increased 12%, led by China. Revenue in China, including joint ventures, rose 30% to $2.3 billion as data-center demand accelerated and on-highway and construction markets improved. Power-generation equipment sales in China surged 88%.
The company now expects China revenue, including joint ventures, to increase about 15% in 2026, up from its prior outlook for a 10% increase. Cummins also improved its expectation for China medium- and heavy-duty truck demand to a range of down 5% to up 5%, compared with prior guidance of down 10% to flat, citing export demand in Africa and Southeast Asia.
EPA Transition Expected to Smooth 2027 Demand Rumsey said the Environmental Protection Agency’s proposed rule regarding North American on-highway 2027 emissions requirements provides greater clarity for the industry. Cummins plans to use proposed implementation flexibilities to phase in its new HELM engine platforms while continuing to make certain current products available.
Limited production of the model-year 2027 X15 and X10 engines is expected to begin in January 2027, with full X10 production expected in the third quarter and full X15 production expected in the fourth quarter, based on OEM launch plans. The company expects current X12 and L9 engines used in truck and transit-bus applications to remain available during the transition. Its next-generation B platform remains scheduled for a January 2028 launch, while the current B platform is expected to be available throughout 2027.
Rumsey said the phased approach should produce a smoother demand transition than the company had previously anticipated. Smith said Cummins expects to pass non-conformance penalties associated with current products through to the market and does not anticipate a significant financial impact from them. He added that research and development costs will remain elevated for longer because of the staggered transition.
Cash Returns and Segment Results Operating cash flow reached a record $1.5 billion for a second quarter, compared with $785 million a year earlier, primarily due to improved working capital. Cummins returned $501 million to shareholders through $225 million in share repurchases and $276 million in dividends. Its board approved a 10% quarterly dividend increase, marking the company’s 17th consecutive year of dividend growth.
Engine segment revenue rose 6% to $3.1 billion, while EBITDA margin fell to 12.5% from 13.8% amid higher research, development and freight costs. Components revenue increased 7% to $2.9 billion, with EBITDA margin declining to 13.2% from 14.7%. Distribution revenue rose 9% to a record $3.3 billion, while EBITDA margin decreased to 13.6% from 14.6%, partly due to incentive compensation and freight expenses. Accelera revenue increased 38% to $145 million, and its EBITDA loss improved to $69 million from a $100 million loss a year earlier. Smith said incentive compensation expense increased as Cummins projected record full-year financial performance, but the run rate should be lower in each of the final two quarters than it was in the second quarter. The company expects full-year capital investments of $1.35 billion to $1.45 billion and an effective tax rate of about 23%, excluding discrete items.
About Cummins (NYSE:CMI)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.
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Release Date: August 04, 2026For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Record second
Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2026.âCummins delivered record second-quarter results, reflecting robust customer or
Cummins Inc (CMI) released its 8-K filing on August 4, 2026, detailing impressive second-quarter results that exceeded analyst expectations. With record revenue
Cummins (CMI - Free Report) came out with quarterly earnings of $6.94 per share, missing the Zacks Consensus Estimate of $7.33 per share. This compares to earnings of $6.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.32%. A quarter ago, it was expected that this engine maker would post earnings of $5.6 per share when it actually produced earnings of $6.15, delivering a surprise of +9.82%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Cummins, which belongs to the Zacks Automotive - Internal Combustion Engines industry, posted revenues of $9.46 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.38%. This compares to year-ago revenues of $8.64 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Cummins shares have added about 27.1% since the beginning of the year versus the S&P 500's gain of 11%.
What's Next for Cummins?While Cummins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Cummins was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $8.05 on $9.66 billion in revenues for the coming quarter and $29.39 on $37.3 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Internal Combustion Engines is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Auto-Tires-Trucks sector, BorgWarner (BWA - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This auto parts supplier is expected to post quarterly earnings of $1.26 per share in its upcoming report, which represents a year-over-year change of +4.1%. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level.
BorgWarner's revenues are expected to be $3.58 billion, down 1.5% from the year-ago quarter.
Cummins (CMI - Free Report) reported $9.46 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 9.4%. EPS of $6.94 for the same period compares to $6.43 a year ago.
The reported revenue represents a surprise of +1.38% over the Zacks Consensus Estimate of $9.33 billion. With the consensus EPS estimate being $7.33, the EPS surprise was -5.32%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cummins performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Unit shipments - Engine - Light-duty: 45,000 compared to the 44,835 average estimate based on two analysts.Unit shipments - Engine - Heavy-duty: 30,100 versus the two-analyst average estimate of 29,567.Unit shipments - Engine - Medium-duty: 86,100 versus 82,145 estimated by two analysts on average.Unit shipments - Engine - Total: 161,200 versus the two-analyst average estimate of 156,547.Net Sales- Engine- Light-duty automotive: $491 million versus $531.43 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1% change.Net Sales- Engine- Heavy-duty truck: $968 million versus $990.73 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.8% change.Net Sales- Engine- Medium-duty truck and bus: $1.03 billion versus $969.65 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.4% change.Net Sales- Distribution: $3.33 billion versus $3.35 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.4% change.Net Sales- Accelera: $145 million compared to the $69.52 million average estimate based on four analysts. The reported number represents a change of +38.1% year over year.Net Sales- Components: $2.89 billion versus the four-analyst average estimate of $2.79 billion. The reported number represents a year-over-year change of +6.9%.Net Sales- Engine: $3.08 billion versus the four-analyst average estimate of $3.08 billion. The reported number represents a year-over-year change of +6.4%.Net Sales- Intersegment Eliminations: $-2.24 billion versus $-2.12 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12.4% change.View all Key Company Metrics for Cummins here>>>
Shares of Cummins have returned -4.3% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Výrobce čipů ON Semiconductor také reportoval hospodářské výsledky za druhé čtvrtletí roku 2026. Tržby i zisk za dané období překonaly očekávání analytiků. Analytici upozornili, že výsledky podporuje rostoucí poptávka po řešeních pro AI datacentra. Akcie ON Semiconductor +2,7 %.
Déle zveřejnil výsledky hospodaření za druhé čtvrtletí roku 2026 americký řetězec restaurací McDonald’s. Společnost vykázala 1,3% růst porovnatelných tržeb, mírně pod odhadem analytiků ve výši 1,39 %. Tržby rovněž zaostaly za očekáváním trhu, očištěný zisk na akcii však konsensus překonal. Akcie McDonald’s +0,8 %.
Výrobce stavební a těžební techniky Caterpillar rovněž zveřejnil hospodářské výsledky za druhé čtvrtletí roku 2026. Tržby i zisk na akcii překonaly odhady analytiků, přičemž segment energetiky nadále zaznamenával silný růst díky výdajům na datacentra. Společnost zároveň poprvé v historii překonala čtvrtletní tržby 20 mld. USD. Akcie Caterpillar +11 %.
Index S&P 500 +0,57 % na 7643,45 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +2,2 % Reality -1,5 % Průmysl +0,8 % Energie -1,3 % Základní materiály +0,5 % Nezbytná spotřeba -1,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Zebra Technologies Corp (ZBRA) +22 % Aptiv (APTV) -15 % Palantir Technologies (PLTR) +18 % Fidelity National Information Services (FIS) -13 % Marvell Technology (MRVL) +12 % Cummins (CMI) -9,6 % Caterpillar (CAT) +11 % Rockwell Automation (ROK) -8,1 % Qnity Electronics (Q) +9,0 % WW Grainger (GWW) -7,0 %
Zdroj: Bloomberg
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2026. “Cummins delivered record second-quarter results, reflecting robust customer orders for standby power for data centers and improving North American truck markets,” said Jennifer Rumsey, Chair and CEO of Cummins. “Rising demand and disciplined execution drove record performance as we continue to perform well in a complex macroeconomic environment. We are raising our expectations for f.
Cummins raised its outlook for the year after reporting higher profit and sales in the second quarter, boosted by accelerating orders for standby power for data centers, as well as improving North American truck markets.
Glenmede Trust Co. NA decreased its position in shares of Cummins Inc. (NYSE:CMI – Free Report) by 11.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,288 shares of the company’s stock after selling 3,291 shares during the period. Glenmede Trust Co. NA’s holdings in Cummins were worth $13,605,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CMI. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cummins by 10,317.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,458,475 shares of the company’s stock valued at $1,254,929,000 after buying an additional 2,434,876 shares in the last quarter. Norges Bank purchased a new stake in Cummins in the fourth quarter worth approximately $863,441,000. Boston Partners bought a new position in Cummins during the third quarter valued at approximately $473,471,000. SG Americas Securities LLC grew its position in Cummins by 257.9% during the first quarter. SG Americas Securities LLC now owns 736,670 shares of the company’s stock valued at $396,343,000 after acquiring an additional 530,812 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Cummins by 245.1% during the fourth quarter. First Trust Advisors LP now owns 542,796 shares of the company’s stock worth $277,071,000 after acquiring an additional 385,525 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.
Wall Street Analyst Weigh In A number of equities research analysts have recently weighed in on CMI shares. Truist Financial boosted their price objective on shares of Cummins from $815.00 to $901.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. increased their target price on shares of Cummins from $600.00 to $725.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. UBS Group reiterated a “buy” rating on shares of Cummins in a research report on Wednesday, June 17th. Morgan Stanley boosted their price target on shares of Cummins from $752.00 to $761.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Finally, Citigroup lifted their price objective on Cummins from $770.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $740.07.
Get Our Latest Report on CMI
Insider Transactions at Cummins In related news, insider Brett Michael Merritt sold 701 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $688.75, for a total value of $482,813.75. Following the sale, the insider directly owned 10,404 shares of the company’s stock, valued at $7,165,755. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicole Lamb-Hale sold 2,408 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $685.34, for a total value of $1,650,298.72. Following the transaction, the chief accounting officer owned 14,084 shares in the company, valued at approximately $9,652,328.56. This represents a 14.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 13,579 shares of company stock valued at $9,377,684. Company insiders own 0.30% of the company’s stock.
Cummins Stock Up 0.2% Shares of Cummins stock opened at $635.55 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.71. Cummins Inc. has a 52-week low of $354.68 and a 52-week high of $737.76. The stock has a market capitalization of $87.70 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 1.55 and a beta of 1.24. The company’s 50 day moving average price is $670.10 and its 200-day moving average price is $622.95.
Cummins (NYSE:CMI – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $6.15 EPS for the quarter, beating analysts’ consensus estimates of $5.63 by $0.52. Cummins had a net margin of 7.89% and a return on equity of 25.25%. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.37 billion. During the same period in the prior year, the business posted $5.96 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Cummins Inc. will post 29.39 EPS for the current year.
Cummins Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be given a $2.20 dividend. The ex-dividend date is Friday, August 21st. This is a positive change from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 dividend on an annualized basis and a dividend yield of 1.4%. Cummins’s dividend payout ratio is presently 41.52%.
Cummins Profile (Free Report)
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.
Featured Stories Five stocks we like better than Cummins 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story AbbVie Quietly Solved Its Biggest Problem—Now What? Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade Strategy’s Structural Strength: Hidden in a $8 Billion Illusion Want to see what other hedge funds are holding CMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI – Free Report).
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First Nebraska Trust Co bought a new stake in Cummins Inc. (NYSE:CMI – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,308 shares of the company’s stock, valued at approximately $704,000.
Several other hedge funds also recently bought and sold shares of the company. Cedar Mountain Advisors LLC raised its stake in shares of Cummins by 1,500.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Activest Wealth Management grew its stake in shares of Cummins by 537.5% in the 4th quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after buying an additional 43 shares in the last quarter. Wellington Shields Capital Management LLC acquired a new position in Cummins in the fourth quarter worth approximately $27,000. Key Financial Inc increased its holdings in Cummins by 62.5% in the first quarter. Key Financial Inc now owns 52 shares of the company’s stock worth $28,000 after buying an additional 20 shares during the last quarter. Finally, Birchwood Financial Partners Inc. bought a new position in Cummins during the fourth quarter valued at approximately $28,000. 83.46% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets In related news, VP Jennifer Mary Bush sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $696.21, for a total value of $3,481,050.00. Following the transaction, the vice president directly owned 11,986 shares in the company, valued at approximately $8,344,773.06. This trade represents a 29.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Donald G. Jackson sold 730 shares of Cummins stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $710.92, for a total transaction of $518,971.60. Following the completion of the transaction, the vice president owned 8,316 shares in the company, valued at $5,912,010.72. This trade represents a 8.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,579 shares of company stock worth $9,377,684 in the last ninety days. 0.30% of the stock is owned by insiders.
Cummins Stock Up 0.2% CMI opened at $635.55 on Monday. The business has a 50 day moving average price of $670.10 and a 200 day moving average price of $622.95. Cummins Inc. has a twelve month low of $354.68 and a twelve month high of $737.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.71. The firm has a market cap of $87.70 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.
Cummins (NYSE:CMI – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.52. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.37 billion. During the same quarter in the prior year, the business earned $5.96 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Research analysts forecast that Cummins Inc. will post 29.39 EPS for the current year.
Cummins Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be issued a dividend of $2.20 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. This is an increase from Cummins’s previous quarterly dividend of $2.00. Cummins’s payout ratio is currently 41.52%.
Wall Street Analyst Weigh In A number of research firms have issued reports on CMI. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cummins in a research note on Friday, May 22nd. Weiss Ratings lowered shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Raymond James Financial raised their price target on shares of Cummins from $675.00 to $745.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Robert W. Baird set a $700.00 price objective on shares of Cummins in a research note on Wednesday, May 6th. Finally, Zacks Research cut shares of Cummins from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $740.07.
View Our Latest Report on Cummins
Cummins Company Profile (Free Report)
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.
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Bank of America Corp DE boosted its stake in Cummins Inc. (NYSE:CMI – Free Report) by 7.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,757,248 shares of the company’s stock after acquiring an additional 121,102 shares during the period. Bank of America Corp DE owned about 1.27% of Cummins worth $945,434,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Cedar Mountain Advisors LLC grew its stake in shares of Cummins by 1,500.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock worth $26,000 after purchasing an additional 45 shares during the period. Activest Wealth Management boosted its stake in shares of Cummins by 537.5% during the fourth quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after acquiring an additional 43 shares during the last quarter. Wellington Shields Capital Management LLC acquired a new position in shares of Cummins in the fourth quarter valued at approximately $27,000. Key Financial Inc lifted its stake in shares of Cummins by 62.5% during the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock worth $28,000 after purchasing an additional 20 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in Cummins in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 83.46% of the company’s stock.
Cummins Stock Performance CMI stock opened at $635.55 on Friday. The firm has a 50 day moving average of $670.10 and a two-hundred day moving average of $622.52. Cummins Inc. has a 12 month low of $354.68 and a 12 month high of $737.76. The company has a market capitalization of $87.70 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 1.54 and a beta of 1.22. The company has a quick ratio of 1.11, a current ratio of 1.71 and a debt-to-equity ratio of 0.50.
Cummins (NYSE:CMI – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $6.15 EPS for the quarter, beating the consensus estimate of $5.63 by $0.52. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.37 billion. During the same quarter last year, the company posted $5.96 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that Cummins Inc. will post 29.39 EPS for the current fiscal year.
Cummins Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be given a dividend of $2.20 per share. This is an increase from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date is Friday, August 21st. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. Cummins’s dividend payout ratio (DPR) is presently 41.52%.
Analyst Ratings Changes A number of brokerages have recently commented on CMI. Weiss Ratings downgraded shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Zacks Research cut Cummins from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Argus boosted their price objective on shares of Cummins from $696.00 to $770.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Robert W. Baird set a $700.00 target price on Cummins in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company raised their target price on Cummins from $794.00 to $874.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cummins currently has a consensus rating of “Moderate Buy” and a consensus price target of $740.07.
Read Our Latest Analysis on Cummins
Insiders Place Their Bets In other Cummins news, EVP Bonnie J. Fetch sold 652 shares of Cummins stock in a transaction on Monday, May 11th. The stock was sold at an average price of $700.19, for a total transaction of $456,523.88. Following the completion of the transaction, the executive vice president directly owned 11,679 shares of the company’s stock, valued at approximately $8,177,519.01. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan R. Stoner sold 607 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $694.06, for a total value of $421,294.42. Following the transaction, the vice president directly owned 9,447 shares in the company, valued at approximately $6,556,784.82. This represents a 6.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,579 shares of company stock valued at $9,377,684 over the last 90 days. Company insiders own 0.30% of the company’s stock.
Cummins Profile (Free Report)
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.
See Also Five stocks we like better than Cummins Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case Apple’s Record Quarter Could Not Outrun Its Guidance Problem McKesson’s Compounding Keeps Adding Up Want to see what other hedge funds are holding CMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI – Free Report).
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Analysts on Wall Street project that Cummins (CMI - Free Report) will announce quarterly earnings of $7.33 per share in its forthcoming report, representing an increase of 14% year over year. Revenues are projected to reach $9.33 billion, increasing 7.9% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Cummins metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Engine- Light-duty automotive' at $531.43 million. The estimate suggests a change of +9.4% year over year.
The consensus among analysts is that 'Net Sales- Engine- Heavy-duty truck' will reach $990.73 million. The estimate points to a change of +1.5% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- Engine- Medium-duty truck and bus' will reach $969.65 million. The estimate indicates a change of +2.1% from the prior-year quarter.
Analysts expect 'Net Sales- Distribution' to come in at $3.35 billion. The estimate indicates a year-over-year change of +10.3%.
The consensus estimate for 'Net Sales- Accelera' stands at $69.52 million. The estimate suggests a change of -33.8% year over year.
Based on the collective assessment of analysts, 'Net Sales- Components' should arrive at $2.79 billion. The estimate indicates a year-over-year change of +3.2%.
The combined assessment of analysts suggests that 'Net Sales- Engine' will likely reach $3.08 billion. The estimate points to a change of +6.2% from the year-ago quarter.
Analysts predict that the 'Net Sales- Engine- Off-highway' will reach $550.31 million. The estimate indicates a change of +13% from the prior-year quarter.
According to the collective judgment of analysts, 'Unit shipments - Engine - Light-duty' should come in at 44,835 . Compared to the current estimate, the company reported 44,000 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Unit shipments - Engine - Heavy-duty' of 29,567 . The estimate is in contrast to the year-ago figure of 29,600 .
Analysts' assessment points toward 'Unit shipments - Engine - Medium-duty' reaching 82,145 . Compared to the present estimate, the company reported 73,400 in the same quarter last year.
Analysts forecast 'Unit shipments - Engine - Total' to reach 156,547 . The estimate is in contrast to the year-ago figure of 147,000 .
View all Key Company Metrics for Cummins here>>>
Cummins shares have witnessed a change of -11.2% in the past month, in contrast to the Zacks S&P 500 composite's -1.5% move. With a Zacks Rank #3 (Hold), CMI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Key Takeaways Cummins reports Q2 2026 results on Aug. 4, with consensus EPS of $7.33 and revenues of $9.33 billion.CMI raised FY2026 outlooks for Distribution, Power Systems, Engine and Components after strong Q1.CMI is expected to post growth in Engine and Power Systems, while Components and Accelera may decline. Cummins Inc. (CMI - Free Report) is slated to release second-quarter 2026 results on Aug. 4, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) and revenues is pegged at $7.33 and $9.33 billion, respectively.
For the second quarter, the consensus estimate for Cummins’ earnings has moved down 15 cents over the past 30 days. Its bottom-line estimates imply growth of 14% from the year-ago reported numbers.
The Zacks Consensus Estimate for CMI's quarterly revenues implies a year-over-year rise of 7.9%. The company's earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 17.15%. This is depicted in the graph below:
Q1 HighlightsCummins delivered adjusted earnings of $6.15 per share in the first quarter of 2026, which increased 3.2% year over year and 9.8% above the Zacks Consensus Estimate. Revenues of $8.40 billion rose 2.7% from the year-ago quarter and topped the consensus mark by 0.9%. The quarter reflected solid execution in key end markets, highlighted by an adjusted EBITDA margin of 17.7% of sales.
Things to NoteCummins continues to benefit from rising demand for backup power in data centers and other mission-critical settings, which is supporting the Distribution and Power Systems segments. In first-quarter 2026, Distribution revenues increased and Power Systems delivered record EBITDA dollars, reflecting higher volumes, pricing and operational execution, because of which the company raised its full-year 2026 outlook for the Distribution and Power Systems segments.
The company now expects Distribution revenues to grow 9-14%, up from the previous estimate of 5-10%. CMI expects Power Systems revenues to grow 14-19%, up from the previous estimate of 12-17%. It also lifted Power Systems & Distribution EBITDA margin guidance to about 25-26% and 13.7-14.7%, up from the previous estimate of 23-24% and 13.25-14.25%, respectively.
For full-year 2026, the company also increased its Engine business revenue growth forecast to 7-12% compared with its earlier outlook of flat to 5% growth. It raised its EBITDA margin projection to a range of 12.5-13.5%, representing a 50-basis-point increase at the midpoint. It has raised its forecast for the Components business for 2026 and expects revenues now to be up 5% to 10%, up from prior guidance of flat to up 5%. The stronger outlook is primarily supported by improved expectations for North America heavy- and medium-duty truck demand, particularly in the first half of the year.
Expected growth across Distribution, Power Systems, Engine and Components segments in full-year 2026 is likely to have boosted Cummins’ performance in the second quarter.
Let’s have a look at our estimates for CMI’s segmental performance.
We expect Engine revenues to be $3.22 billion, suggesting an 11.2% year-over-year increase. For the Power Systems segment, we project sales of $2.1 billion, indicating an 11.2% year-over-year increase. We expect Components sales to be $2.67 billion, suggesting a decline of 1.5% year over year. For the Distribution segment, we project sales of $3.3 billion, indicating a 7.5% year-over-year increase. We expect Accelera revenues to be $71 million, implying a 32.4% year-over-year decline.
Our estimate for the Engine segment’s EBITDA is $454 million, which suggests a rise of 13.6% year over year. We expect the Power Systems segment’s EBITDA to be $519 million, suggesting a rise of 20.7% year over year. Our estimate for the Component segment’s EBITDA is pegged at $385.9 million, suggesting a decline of 2.8% year over year. We expect the Distribution segment’s EBITDA to be $485.9 million, indicating a 9.2% year-over-year decline.
Earnings WhispersOur proven model predicts an earnings beat for Cummins for the quarter to be reported, as it has the right combination of the two key ingredients. A positive Earnings ESP, combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. This is the case here.
Earnings ESP: CMI has an Earnings ESP of +0.78%. This is because the Most Accurate Estimate is pegged higher than the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings Releases From Auto SpaceGeneral Motors Company (GM - Free Report) reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.
Tesla, Inc. (TSLA - Free Report) reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years.
Genuine Parts (GPC - Free Report) reported second-quarter 2026 adjusted earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.10 by 2.38%. The bottom line increased 2.4% from $2.10 in the year-ago quarter. Revenues rose 6% year over year to $6.54 billion and surpassed the consensus estimate of $6.39 billion by 2.36%. Genuine Parts reaffirmed its 2026 adjusted earnings guidance of $7.50-$8 per share and total sales growth outlook of 3-5.5%. Genuine Parts ended June with $2.3 billion of liquidity, including $559 million in cash.
PHILADELPHIA, July 28, 2026 (GLOBE NEWSWIRE) -- CMI Media Group, WPP’s specialty healthcare agency (NYSE: WPP) and Compas, global leaders in healthcare media and technology, are proud to announce who will be speaking at this this year’s “Agility Philadelphia: Seen. Heard. Human.” Headlining the stage is legendary humanitarian Mick Ebeling, founder of Not Impossible Labs; alongside newcomers Andrew McMahon, singer-songwriter and cancer advocate; and Daniel Hulme, WPP’s Global Chief AI Officer.
Mick Ebeling returns to the Agility stage to share the latest boundary-pushing breakthroughs from Not Impossible Labs. Renowned for "Project Daniel," which pioneered 3D-printed prosthetics for war amputees, Ebeling’s work focuses on health technology, including clinical trials for tech designed to mitigate Parkinson’s disease and Alzheimer’s symptoms. Honored as one of Fortune’s "World's 50 Greatest Leaders" and recipient of the Muhammad Ali Humanitarian Award, Ebeling will challenge attendees to rethink what is possible when technology is driven by empathy. Ebeling’s TED Talks have reached millions, and his work has been featured by Fast Company, Fortune, Forbes and more.
Making his Agility debut, RIAA-gold-certified singer-songwriter Andrew McMahon (of Jack’s Mannequin and Andrew McMahon in the Wilderness) joins the stage for an intimate session on survival, resilience and advocacy. Known for his hit song “Dark Blue,” McMahon’s life changed when he was diagnosed with acute lymphoblastic leukemia the same day he finished recording his debut album for Jack's Mannequin. His battle is captured in his documentary, “Dear Jack.” Now a survivor, McMahon will share his personal health story and discuss how his experience inspired him to found the Dear Jack Foundation, which provides critical support to adolescents and young adults diagnosed with cancer.
Also making his Agility debut, Daniel Hulme works closely with agencies to uncover, develop, and promote AI capabilities. His goal is to drive new opportunities that deliver value to both the wider organization and society as a whole. He's the CEO of Satalia, an award-winning AI company that was acquired by WPP in 2021. Hulme has been recognized as one of the world's leading keynote speakers as well as one of the top ten Chief AI Officers globally. Hulme is a contributor to numerous books, podcasts and articles on AI. His mission is to create a world where everyone has the freedom to innovate, and have those innovations become free to everyone.
Agility will take place on Monday, September 14th at the prestigious Pennsylvania Academy of the Fine Arts in Center City Philadelphia. It also aligns to the start of Fierce Pharma Week, which runs from Monday, September 14th through Thursday, September 17th at the neighboring Pennsylvania Convention Center.
"At its heart, healthcare is about humanity," said Dr. Susan Dorfman, President & CEO, CMI Media Group. "While AI and technology are deeply interwoven into our work, they are ultimately tools wielded by people to serve a higher purpose: supporting the person at the core of the story. This year's Agility event is an invitation to inspire one another and make magic happen at the intersection of technology and empathy. We hold the unique power to meet patients and caregivers right where they are—giving them the tools they need to achieve positive health outcomes and ensuring they feel truly seen, heard, and valued as humans."
"When you look at the healthcare landscape as a whole, our ultimate goal is to better serve the patient and caregiver populations in a way that feels human," said Jim Woodland, CEO, Compas. "To do that, we must leverage the power of media and technology to deliver trusted information with the accuracy, authenticity, and frequency that drives positive health outcomes. This is exactly why we are so thrilled to welcome Mick, Andrew, and Daniel to Agility. Their collective expertise will challenge our industry to elevate our communications and keep the human experience at the absolute center of our innovation.
This year's theme, “Seen. Heard. Human.” will explore how to harness the speed and creativity of consumer brand marketing, but with a profound, patient-first lens. Event programming will explore how digital agents are evolving from basic service providers into trusted caregivers. Industry leaders and clinical experts will also discuss how pharmaceutical brands can responsibly navigate this behavioral shift to build empathetic, personalized AI experiences that earn trust in a human-centered healthcare ecosystem.
Now in its fourth year, CMI Media Group and Compas’s Agility event offers a unique, non-conference style environment to ideate on the future of healthcare marketing while networking with peers and influential guests. This exclusive, invitation-only event is designed for healthcare marketing professionals; those interested in attending can request an invitation on the official event page.
About CMI Media Group
CMI Media Group, a WPP company (NYSE: WPP, http://www.wpp.com), is a global, full-service media agency focused solely on health, wellness, and pharmaceutical marketing. CMI Media Group’s core offerings include Audience Strategy, Planning, Development, and Insights; Data and Analytics; Buying and Investment; and Direct Response and Customer Experience. As the leading media resource for the world’s top healthcare companies, CMI Media Group brings together leading technology, data, and talent to deliver seamless capabilities for clients. CMI Media Group has been recognized as a leader in inclusivity, talent retention and employee development as well as one of the industry’s best places to work. To apply for a position within our teams visit https://www.cmimediagroup.com/careers/.
About Compas
For over 35 years Compas has been partnering with the industry’s leading media providers, as well as up-and-coming innovators – representing all channels and tactics – positioning them for success with healthcare clients and agencies. As stewards of its clients’ media investments, Compas is committed to enforcing the highest standards of buying execution, effectiveness, transparency and accountability while leveraging its clients’ collective buying power through a consortium that unlocks incremental savings. Compas is certified by the National Minority Supplier Diversity Council as a minority-owned-and-operated business and generates significant Tier 1 and Tier 2 Diverse Spend. Compas has been recognized as one of the industry’s best places to work, offering industry-leading development and retention. To apply for a position within our teams visit https://compasonline.com/careers.
Wall Street expects a year-over-year increase in earnings on higher revenues when Cummins (CMI - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on August 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis engine maker is expected to post quarterly earnings of $7.33 per share in its upcoming report, which represents a year-over-year change of +14%.
Revenues are expected to be $9.33 billion, up 7.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.07% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Cummins?For Cummins, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.78%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Cummins will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Cummins would post earnings of $5.6 per share when it actually produced earnings of $6.15, delivering a surprise of +9.82%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Cummins appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
First Trust Advisors LP lowered its position in shares of Cummins Inc. (NYSE:CMI – Free Report) by 74.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,331 shares of the company’s stock after selling 401,465 shares during the period. First Trust Advisors LP owned approximately 0.10% of Cummins worth $76,039,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cedar Mountain Advisors LLC grew its stake in shares of Cummins by 1,500.0% during the first quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock valued at $26,000 after acquiring an additional 45 shares in the last quarter. Thompson Investment Management Inc. acquired a new position in shares of Cummins in the fourth quarter worth about $26,000. Activest Wealth Management boosted its holdings in Cummins by 537.5% in the fourth quarter. Activest Wealth Management now owns 51 shares of the company’s stock valued at $26,000 after purchasing an additional 43 shares during the last quarter. Wellington Shields Capital Management LLC purchased a new position in Cummins in the fourth quarter valued at about $27,000. Finally, Key Financial Inc grew its stake in Cummins by 62.5% during the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock valued at $28,000 after purchasing an additional 20 shares in the last quarter. 83.46% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets CMI has been the topic of several analyst reports. Weiss Ratings downgraded Cummins from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cummins in a research note on Friday, May 22nd. Raymond James Financial lifted their price target on shares of Cummins from $675.00 to $745.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Argus upped their price target on shares of Cummins from $696.00 to $770.00 and gave the company a “buy” rating in a report on Monday, June 1st. Finally, UBS Group reiterated a “buy” rating on shares of Cummins in a research note on Wednesday, June 17th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Cummins currently has a consensus rating of “Moderate Buy” and a consensus target price of $740.07.
Read Our Latest Report on Cummins
Insider Transactions at Cummins In other Cummins news, VP Donald G. Jackson sold 730 shares of Cummins stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $710.92, for a total value of $518,971.60. Following the completion of the transaction, the vice president owned 8,316 shares of the company’s stock, valued at $5,912,010.72. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Nicole Lamb-Hale sold 2,408 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $685.34, for a total transaction of $1,650,298.72. Following the sale, the chief accounting officer owned 14,084 shares of the company’s stock, valued at approximately $9,652,328.56. The trade was a 14.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,579 shares of company stock valued at $9,377,684 over the last quarter. Insiders own 0.30% of the company’s stock.
Cummins Trading Down 0.2% Shares of NYSE CMI opened at $663.96 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.71 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $672.19 and its two-hundred day moving average price is $619.28. Cummins Inc. has a 52-week low of $354.68 and a 52-week high of $737.76. The stock has a market capitalization of $91.62 billion, a P/E ratio of 34.46, a PEG ratio of 1.62 and a beta of 1.22.
Cummins (NYSE:CMI – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $6.15 EPS for the quarter, topping the consensus estimate of $5.63 by $0.52. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.37 billion. During the same quarter last year, the firm earned $5.96 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that Cummins Inc. will post 29.39 earnings per share for the current fiscal year.
Cummins Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 21st will be paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 1.3%. This is a boost from Cummins’s previous quarterly dividend of $2.00. The ex-dividend date is Friday, August 21st. Cummins’s dividend payout ratio (DPR) is 41.52%.
Cummins Company Profile (Free Report)
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.
Featured Stories Five stocks we like better than Cummins Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding CMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI – Free Report).
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Cetera Investment Advisers lifted its holdings in shares of Cummins Inc. (NYSE:CMI – Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,328 shares of the company’s stock after acquiring an additional 919 shares during the quarter. Cetera Investment Advisers owned 0.06% of Cummins worth $46,446,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Juno Financial Group LLC acquired a new position in shares of Cummins during the fourth quarter valued at approximately $883,000. Truist Financial Corp boosted its stake in Cummins by 4.8% during the fourth quarter. Truist Financial Corp now owns 64,005 shares of the company’s stock valued at $32,671,000 after buying an additional 2,951 shares in the last quarter. Smith Salley Wealth Management raised its holdings in shares of Cummins by 1,381.8% in the 4th quarter. Smith Salley Wealth Management now owns 21,768 shares of the company’s stock worth $11,111,000 after purchasing an additional 20,299 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Cummins in the fourth quarter valued at $7,797,000. Finally, Comprehensive Financial Consultants Institutional Inc. raised its position in shares of Cummins by 643.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,311 shares of the company’s stock worth $3,732,000 after purchasing an additional 6,327 shares during the period. Institutional investors own 83.46% of the company’s stock.
Cummins Price Performance Shares of NYSE:CMI opened at $663.96 on Friday. The business has a 50 day moving average price of $672.19 and a 200 day moving average price of $619.28. Cummins Inc. has a twelve month low of $354.68 and a twelve month high of $737.76. The company has a market cap of $91.62 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 1.62 and a beta of 1.22. The company has a quick ratio of 1.11, a current ratio of 1.71 and a debt-to-equity ratio of 0.50.
Cummins (NYSE:CMI – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $6.15 EPS for the quarter, topping the consensus estimate of $5.63 by $0.52. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.37 billion. During the same period in the previous year, the business posted $5.96 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts predict that Cummins Inc. will post 29.39 earnings per share for the current year.
Cummins Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be paid a $2.20 dividend. The ex-dividend date is Friday, August 21st. This is a positive change from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 annualized dividend and a dividend yield of 1.3%. Cummins’s dividend payout ratio is 41.52%.
Insider Buying and Selling at Cummins In other Cummins news, CAO Nicole Lamb-Hale sold 2,408 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $685.34, for a total value of $1,650,298.72. Following the sale, the chief accounting officer directly owned 14,084 shares in the company, valued at $9,652,328.56. This trade represents a 14.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jennifer Mary Bush sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $696.21, for a total transaction of $3,481,050.00. Following the transaction, the vice president directly owned 11,986 shares of the company’s stock, valued at $8,344,773.06. This represents a 29.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,579 shares of company stock valued at $9,377,684 in the last three months. 0.30% of the stock is owned by insiders.
Wall Street Analyst Weigh In CMI has been the topic of several analyst reports. Argus lifted their target price on shares of Cummins from $696.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Morgan Stanley boosted their target price on Cummins from $752.00 to $761.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. UBS Group restated a “buy” rating on shares of Cummins in a report on Wednesday, June 17th. Truist Financial boosted their target price on Cummins from $815.00 to $901.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Barclays boosted their price objective on shares of Cummins from $610.00 to $760.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $740.07.
Read Our Latest Stock Analysis on Cummins
About Cummins (Free Report)
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.
See Also Five stocks we like better than Cummins Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24
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COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today announced updates to its Model Year 2027 North American on-highway product launch plans following its review of the U.S. Environmental Protection Agency's recently proposed changes to upcoming emissions regulations. Based on the proposed rule, Cummins intends to use the implementation flexibilities outlined by EPA to support a measured transition to its new HELM™ engine platforms. The approach is designed to maintain regulatory com.
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Cummins (CMI - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Cummins is a member of our Auto-Tires-Trucks group, which includes 104 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Cummins is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CMI's full-year earnings has moved 12.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CMI has returned about 25.3% since the start of the calendar year. In comparison, Auto-Tires-Trucks companies have returned an average of -14%. As we can see, Cummins is performing better than its sector in the calendar year.
Motorcar Parts (MPAA - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 11.5%.
In Motorcar Parts' case, the consensus EPS estimate for the current year increased 62% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Cummins belongs to the Automotive - Internal Combustion Engines industry, a group that includes 1 individual companies and currently sits at #7 in the Zacks Industry Rank. On average, this group has gained an average of 23.9% so far this year, meaning that CMI is performing better in terms of year-to-date returns.
On the other hand, Motorcar Parts belongs to the Automotive - Replacement Parts industry. This 8-stock industry is currently ranked #190. The industry has moved -4.2% year to date.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Cummins and Motorcar Parts as they could maintain their solid performance.
Bessemer Group Inc. grew its holdings in shares of Cummins Inc. (NYSE:CMI – Free Report) by 24.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,975 shares of the company’s stock after acquiring an additional 1,569 shares during the quarter. Bessemer Group Inc.’s holdings in Cummins were worth $4,292,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Juno Financial Group LLC bought a new position in Cummins during the fourth quarter valued at about $883,000. Truist Financial Corp boosted its stake in shares of Cummins by 4.8% during the 4th quarter. Truist Financial Corp now owns 64,005 shares of the company’s stock worth $32,671,000 after acquiring an additional 2,951 shares in the last quarter. Smith Salley Wealth Management boosted its stake in shares of Cummins by 1,381.8% during the 4th quarter. Smith Salley Wealth Management now owns 21,768 shares of the company’s stock worth $11,111,000 after acquiring an additional 20,299 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Cummins during the 4th quarter valued at about $7,797,000. Finally, Comprehensive Financial Consultants Institutional Inc. raised its stake in shares of Cummins by 643.0% in the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,311 shares of the company’s stock valued at $3,732,000 after acquiring an additional 6,327 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.
Insiders Place Their Bets In related news, insider Brett Michael Merritt sold 701 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $688.75, for a total transaction of $482,813.75. Following the transaction, the insider owned 10,404 shares of the company’s stock, valued at approximately $7,165,755. The trade was a 6.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jennifer Mary Bush sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $696.21, for a total transaction of $3,481,050.00. Following the transaction, the vice president owned 11,986 shares of the company’s stock, valued at approximately $8,344,773.06. The trade was a 29.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,579 shares of company stock valued at $9,377,684 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth CMI has been the subject of several analyst reports. Morgan Stanley boosted their target price on Cummins from $752.00 to $761.00 and gave the stock an “overweight” rating in a report on Friday. Argus lifted their price target on shares of Cummins from $696.00 to $770.00 and gave the company a “buy” rating in a research report on Monday, June 1st. UBS Group reissued a “buy” rating on shares of Cummins in a research report on Wednesday, June 17th. Sanford C. Bernstein restated a “market perform” rating on shares of Cummins in a research note on Friday, May 22nd. Finally, Evercore reaffirmed an “outperform” rating and set a $845.00 price objective on shares of Cummins in a report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $740.07.
Check Out Our Latest Analysis on CMI
Cummins Price Performance NYSE CMI opened at $640.10 on Tuesday. The stock has a 50-day simple moving average of $675.79 and a 200 day simple moving average of $615.85. Cummins Inc. has a twelve month low of $344.02 and a twelve month high of $737.76. The stock has a market capitalization of $88.33 billion, a PE ratio of 33.22, a P/E/G ratio of 1.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.71.
Cummins (NYSE:CMI – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.63 by $0.52. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.37 billion. Cummins had a return on equity of 25.25% and a net margin of 7.89%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $5.96 EPS. Research analysts anticipate that Cummins Inc. will post 29.34 EPS for the current year.
Cummins Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st will be paid a $2.20 dividend. The ex-dividend date is Friday, August 21st. This is a positive change from Cummins’s previous quarterly dividend of $2.00. This represents a $8.80 annualized dividend and a dividend yield of 1.4%. Cummins’s dividend payout ratio is 45.67%.
Cummins Profile (Free Report)
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.
Further Reading Five stocks we like better than Cummins The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding CMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI – Free Report).
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Investors might want to bet on Cummins (CMI - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Cummins is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Cummins imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for CumminsFor the fiscal year ending December 2026, this engine maker is expected to earn $29.35 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Cummins. Over the past three months, the Zacks Consensus Estimate for the company has increased 12.6%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Cummins to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Cummins (CMI - Free Report) . This company, which is in the Zacks Automotive - Internal Combustion Engines industry, shows potential for another earnings beat.
This engine maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.78%.
For the last reported quarter, Cummins came out with earnings of $6.15 per share versus the Zacks Consensus Estimate of $5.6 per share, representing a surprise of 9.82%. For the previous quarter, the company was expected to post earnings of $5.2 per share and it actually produced earnings of $5.81 per share, delivering a surprise of 11.73%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for Cummins. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Cummins currently has an Earnings ESP of +0.43%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on August 4, 2026.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Key Takeaways Cummins raised its quarterly dividend by 10% to $2.20, marking its 17th straight annual payout hike.Power Systems Q1 revenues jumped 19% to $1.96B as data center demand lifted margins to 29.5%.Cummins targets 6-9% annual revenue growth through 2030 and over 250 basis points of margin expansion. Cummins (CMI - Free Report) is no longer just a heavy-duty truck engine company. While its traditional engine business remains an important part of operations, the company is increasingly benefiting from its Power Systems segment.
Demand for backup power generators and data center power infrastructure is growing, providing Cummins with a stronger and less cyclical revenue stream. This shift is helping CMI drive earnings growth, reduce dependence on truck sales, and position the company to benefit from the expanding need for reliable power solutions.
Cummins has a solid earnings surprise history.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CMI’s 2026 and 2027 EPS implies a year-over-year uptick of 23% and 16%, respectively. The consensus mark for EPS has moved up over the last 60 days, depicting analysts’ growing optimism.
Image Source: Zacks Investment Research
Cummins shares have almost doubled over the past year, handily outperforming peers like PACCAR (PCAR - Free Report) and Allison Transmission Holdings (ALSN - Free Report) .
Image Source: Zacks Investment Research
After such a strong run, is it still worth buying Cummins or have you missed the bus? Let’s discuss.
Cummins Boosts DividendOn July 12, CMI approved a quarterly dividend hike of 10% to $2.20/share. This marks the 17th consecutive year of a payout hike. The dividend will be paid on Sept. 3, 2026, to shareholders as of Aug. 21, 2026.
While the company's dividend yield stands at 1.18%, it has raised its dividend six times in the last five years, with a five-year annualized dividend growth rate of 8%. The payout ratio of 33% looks sustainable.
Reasonable debt levels and operational efficiency allow management to return value to shareholders. The company has a manageable long-term debt to capital ratio of 0.33. Cummins boasts an “A” credit rating from S&P Global Ratings. CMI's return on equity of 25% compares favorably with the auto sector's 5.85%.
CMI’s Strong Prospects AheadCummins’ dividend hike isn't just a capital-return story— it's backed by genuine operating momentum. The clearest story is unfolding in Power Systems, where revenues jumped 19% year over year to $1.96 billion in first-quarter 2026 and EBITDA margin expanded from 23.6% to 29.5%. The segment benefited from surging demand for power generation equipment tied to data center buildout.
As AI infrastructure investment accelerates globally, the need for backup and prime power generation is becoming a durable long-term demand driver. Full-year 2026 guidance calls for Power Systems revenue growth of 14-19%, with margins expected to reach 25-26%, the highest for any Cummins segment, underscoring how central this business has become to the company's earnings trajectory.
The Distribution segment is riding the same wave. Its revenues grew 7% to $3.1 billion, with margins improving to 14.2% from 12.9%, again driven by stronger power generation demand across North America and Asia Pacific. Since Distribution also carries a meaningful mix of parts and service revenues, this growth adds a layer of earnings resilience that isn't tied to new equipment cycles alone.
Even Cummins' currently loss-making Accelera segment— which houses its battery, fuel cell, and electrolyzer businesses— is moving in the right direction. Adjusted EBITDA losses narrowed to $78 million in the last reported quarter from $86 million a year earlier, and full-year guidance points to losses shrinking further, to a range of $270 million to $300 million versus $438 million in 2025. What was once a drag on consolidated earnings is steadily becoming a smaller one, with the added potential for upside if electrification and hydrogen adoption accelerate.
Cummins’ Raised 2030 Financial TargetsCummins raised its long-term financial targets, reflecting management's confidence in the company's growth prospects. At its 2026 Analyst Day, the company increased its expected annual revenue growth target to 6-9% through 2030, up from its historical growth rate of around 2%. It also expects more than 250 basis points of EBITDA margin expansion, while continuing share repurchases, dividend growth, and maintaining top-quartile return on invested capital.
These higher targets are supported by multiple growth drivers, including AI-driven data center demand and the expansion of its aftermarket business. Together, they suggest Cummins is entering a stronger and more profitable growth phase.
Conclusion Cummins is evolving into a more diversified industrial company with multiple growth drivers beyond its traditional truck engine business. AI-led data center demand is creating a powerful new earnings engine, while its distribution business, improving Accelera economics, and disciplined capital allocation add further support.
The recent dividend hike reinforces management's confidence in future cash flows. Although the stock has rallied significantly over the past year, its improving earnings outlook and long-term growth opportunities suggest the story is far from over. For long-term investors, Cummins, carrying a Zacks Rank #2 (Buy), remains a compelling buy.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
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Stock to Watch: Cummins (CMI - Free Report) Cummins Inc. is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products. Powertrain components include fuel systems, turbochargers, transmissions, batteries and electrified power systems, among others. Headquartered in Columbus, IN, the company offers products to original equipment manufacturers (OEMs), distributors and dealers through a network of roughly 650 company-owned and independent distributor facilities in over 19,000 dealer locations in more than 190 countries and territories.
CMI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. CMI has a Growth Style Score of B, forecasting year-over-year earnings growth of 23.3% for the current fiscal year.
For fiscal 2026, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.25 to $29.33 per share. CMI boasts an average earnings surprise of +17.2%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CMI should be on investors' short list.
COLUMBUS, Ind.--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) approved on July 12, 2026 an increase in the company’s quarterly common stock cash dividend of 10% from 2.00 dollars per share to 2.20 dollars per share. The dividend is payable on September 3, 2026, to shareholders of record on August 21, 2026. Cummins has increased the quarterly common stock dividend to shareholders for 17 consecutive years.
About Cummins Inc.
Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments—Engine, Components, Distribution, Power Systems and Accelera™ by Cummins—offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbochargers, fuel systems, controls, transmissions, axles and brakes; and zero-emissions technologies like battery and electric powertrain systems. With a global footprint, deep technical expertise and an extensive service network, we deliver dependable, cutting-edge solutions tailored to our customers’ needs, supporting them through the energy transition with our Destination Zero strategy. We create value for customers, investors and employees and strengthen communities through our corporate responsibility global priorities: education, equity and environment. Headquartered in Columbus, Indiana, Cummins employs approximately 67,400 people worldwide and earned $2.8 billion on $33.7 billion in sales in 2025. Learn more at www.cummins.com.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse consequences resulting from entering into agreements with the U.S. Environmental Protection Agency, California Air Resources Board, the Environmental and Natural Resources Division of the U.S. Department of Justice and the California Attorney General's Office to resolve certain regulatory civil claims regarding our emissions certification and compliance process for certain engines primarily used in pick-up truck applications in the U.S., which became final and effective in April 2024, including required additional mitigation projects, adverse reputational impacts and potential resulting legal actions; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; evolving environmental and climate change legislation and regulatory initiatives; any adverse consequences from changes in tariffs and other trade disruptions; changes in international, national and regional trade laws, regulations and policies; emissions deregulation; changes in taxation; global legal and ethical compliance costs and risks; future bans or limitations on the use of diesel-powered products; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers' and original equipment manufacturers' customers discontinuing outsourcing their engine supply needs or experiencing financial distress, or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services or not successfully developing new technologies and products to effectively address the energy transition; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; climate change, global warming, more stringent climate change regulations, accords, mitigation efforts, greenhouse gas regulations or other legislation designed to address climate change; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions, divestitures or exiting the production of certain product lines or product categories and related uncertainties of such decisions; increasing interest rates; challenging markets for talent and ability to attract, develop and retain key personnel; exposure to potential security breaches or other disruptions to our information technology environment and data security; the use of artificial intelligence in our business and in our products, services and features, and challenges with properly managing its use; political, economic and other risks from operations among, between and within numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; failure to meet sustainability expectations or standards, or achieve our sustainability goals; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2025 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at https://www.sec.gov or at https://www.cummins.com in the Investor Relations section of our website.
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 8th:
Cimpress (CMPR - Free Report) : This company, which is an online supplier of high-quality graphic design services and customized printed products to small businesses and consumers, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.
Cimpress' shares gained 23.4% over the last three month compared with the S&P 500’s gain of 10.6%. The company possesses a Momentum Score of A.
Northern Trust (NTRS - Free Report) : This company, which provides services from sovereign wealth funds to the wealthiest families, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.
Northern Trust's shares gained 20.1% over the last three month compared with the S&P 500’s gain of 10.6%. The company possesses a Momentum Score of A.
Cummins (CMI - Free Report) : This company, which is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
Cummins' shares gained 11% over the last three month compared with the S&P 500’s gain of 10.6%. The company possesses a Momentum Score of A.
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.