Cummins Inc. Expected to Post Q1 2018 Earnings of $2.90 Per Share (CMI)

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.

Other equities analysts have also issued research reports about the stock. Citigroup lifted their price target on shares of Cummins from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Monday. Robert W. Baird lifted their price target on shares of Cummins from $157.00 to $159.00 and gave the company an “underperform” rating in a report on Wednesday. Oppenheimer began coverage on shares of Cummins in a report on Thursday, December 7th. They issued an “outperform” rating and a $192.00 price target on the stock. Deutsche Bank set a $169.00 price target on shares of Cummins and gave the company a “sell” rating in a report on Monday. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $190.00 price target (up previously from $186.00) on shares of Cummins in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $185.96.

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.

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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.

Earnings History and Estimates for Cummins (NYSE:CMI)

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