Cummins (CMI) Earns Daily Media Impact Score of 0.22

News coverage about Cummins (NYSE:CMI) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cummins earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.652454089316 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Shares of Cummins (CMI) opened at $173.07 on Monday. Cummins has a 1 year low of $121.43 and a 1 year high of $181.79. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.57. The firm has a market cap of $28,724.00, a P/E ratio of 17.57, a PEG ratio of 1.39 and a beta of 1.16.

Cummins (NYSE:CMI) last released its quarterly earnings results on Tuesday, October 31st. The company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.24. Cummins had a net margin of 8.49% and a return on equity of 21.28%. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $4.79 billion. During the same quarter last year, the company earned $2.02 earnings per share. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. research analysts expect that Cummins will post 10.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, November 16th. Cummins’s payout ratio is currently 43.86%.

Several research analysts recently commented on CMI shares. Goldman Sachs Group, Inc. (The) lowered shares of Cummins from a “conviction-buy” rating to a “buy” rating and set a $192.00 price target on the stock. in a report on Monday, August 7th. Zacks Investment Research upgraded shares of Cummins from a “hold” rating to a “buy” rating and set a $177.00 price target on the stock in a report on Friday, August 4th. ValuEngine upgraded shares of Cummins from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Buckingham Research started coverage on shares of Cummins in a report on Tuesday, September 5th. They issued a “buy” rating and a $180.00 price target on the stock. Finally, Stifel Nicolaus restated a “hold” rating and issued a $168.00 price target (up previously from $160.00) on shares of Cummins in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $168.91.

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In other Cummins news, Director Franklin R. Changdiaz sold 1,633 shares of Cummins stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $159.27, for a total value of $260,087.91. Following the completion of the transaction, the director now owns 5,814 shares of the company’s stock, valued at $925,995.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.62% of the stock is currently owned by company insiders.

About Cummins

Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company’s segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets.

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