Cummins Inc. (NYSE:CMI) – Stock analysts at William Blair issued their Q1 2018 earnings per share (EPS) estimates for Cummins in a research note issued on Tuesday. William Blair analyst L. De. Maria anticipates that the company will earn $2.90 per share for the quarter. William Blair also issued estimates for Cummins’ Q2 2018 earnings at $3.30 EPS, Q3 2018 earnings at $3.23 EPS, Q4 2018 earnings at $3.17 EPS, FY2018 earnings at $12.60 EPS and FY2019 earnings at $13.50 EPS.
Cummins (NYSE:CMI) last announced its earnings results on Tuesday, February 6th. The company reported $3.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.38. Cummins had a net margin of 4.89% and a return on equity of 22.18%. The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business earned $2.25 earnings per share. Cummins’s revenue was up 21.6% compared to the same quarter last year.
Shares of Cummins (CMI) opened at $165.73 on Thursday. The stock has a market cap of $28,669.23, a P/E ratio of 27.85, a P/E/G ratio of 1.17 and a beta of 1.14. Cummins has a 1 year low of $143.83 and a 1 year high of $194.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.57.
Several hedge funds have recently modified their holdings of CMI. Hall Laurie J Trustee raised its stake in shares of Cummins by 841.7% in the 4th quarter. Hall Laurie J Trustee now owns 2,260 shares of the company’s stock valued at $101,000 after acquiring an additional 2,020 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Cummins in the 3rd quarter valued at $132,000. Bank of Nova Scotia Trust Co. purchased a new position in shares of Cummins in the 3rd quarter valued at $168,000. Krilogy Financial LLC purchased a new position in shares of Cummins in the 3rd quarter valued at $168,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Cummins in the 3rd quarter valued at $201,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Cummins Inc. Expected to Post Q1 2018 Earnings of $2.90 Per Share (CMI)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2018/02/09/cummins-inc-expected-to-post-q1-2018-earnings-of-2-90-per-share-cmi.html.
Cummins Company Profile
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.
Receive News & Ratings for Cummins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cummins and related companies with MarketBeat.com's FREE daily email newsletter.