Cummins Inc. (CMI)
- Previous Close
332.68 - Open
333.67 - Bid --
- Ask 530.85 x 1000
- Day's Range
331.24 - 335.00 - 52 Week Range
212.80 - 339.78 - Volume
716,859 - Avg. Volume
711,926 - Market Cap (intraday)
45.756B - Beta (5Y Monthly) 0.98
- PE Ratio (TTM)
23.92 - EPS (TTM)
13.96 - Earnings Date Nov 5, 2024
- Forward Dividend & Yield 7.28 (2.18%)
- Ex-Dividend Date Nov 22, 2024
- 1y Target Est
331.40
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines. It provides power generation systems, horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, and electric power generation systems, and batteries. It sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
www.cummins.com75,500
Full Time Employees
December 31
Fiscal Year Ends
Sector
Specialty Industrial Machinery
Industry
Recent News: CMI
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Trailing total returns as of 10/16/2024, which may include dividends or other distributions. Benchmark is
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Statistics: CMI
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Market Cap
45.59B
Enterprise Value
51.38B
Trailing P/E
23.90
Forward P/E
15.29
PEG Ratio (5yr expected)
0.71
Price/Sales (ttm)
1.38
Price/Book (mrq)
4.79
Enterprise Value/Revenue
1.51
Enterprise Value/EBITDA
12.04
Financial Highlights
Profitability and Income Statement
Profit Margin
5.69%
Return on Assets (ttm)
6.76%
Return on Equity (ttm)
18.94%
Revenue (ttm)
34.17B
Net Income Avi to Common (ttm)
1.94B
Diluted EPS (ttm)
13.96
Balance Sheet and Cash Flow
Total Cash (mrq)
2.18B
Total Debt/Equity (mrq)
76.47%
Levered Free Cash Flow (ttm)
2.76B
Research Analysis: CMI
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View MoreRaising target price
Cummins designs, manufactures, and distributes diesel and natural gas engines and power distribution systems. The shares are a component of the S&P 500. The company has 61,600 employees.
RatingPrice TargetThere's not a lot of room to opine about market forces on Monday morning, as
There's not a lot of room to opine about market forces on Monday morning, as global shares are simply tanking. Fear spiked last week as economic reports in the U.S. pushed the idea that the Fed was taking too much time to cut interest rates from a 'concern' to a 'full-blown panic.' Investors worldwide now sense that a recession in the U.S. is fully on the table. The good news is that the Federal Reserve, after ratcheting up interest rates, now has replenished its tool box and can offer some assistance via lower rates. Mag7 stocks on Monday are all lower, and most gig caps are flat to down 1%.
Cummins Earnings: Revenue Surpasses Expectations Despite Industry Headwinds
Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway machinery, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.
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