CMI - Cummins Inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 171.63 |
| Open | 173.02 |
| Bid | 170.72 x 900 |
| Ask | 170.80 x 800 |
| Day's Range | 169.19 - 172.35 |
| 52 Week Range | 101.03 - 186.73 |
| Volume | 645,742 |
| Avg. Volume | 1,554,619 |
| Market Cap | 25.205B |
| Beta (5Y Monthly) | 1.16 |
| PE Ratio (TTM) | 12.49 |
| EPS (TTM) | 13.68 |
| Earnings Date | Jul 28, 2020 - Aug 03, 2020 |
| Forward Dividend & Yield | 5.24 (3.06%) |
| Ex-Dividend Date | May 21, 2020 |
| 1y Target Est | 169.94 |
- Zacks
Cummins (CMI) Up 3.9% Since Last Earnings Report: Can It Continue?
Cummins (CMI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Thomson Reuters StreetEvents
Edited Transcript of CMI earnings conference call or presentation 28-Apr-20 2:00pm GMT
Q1 2020 Cummins Inc Earnings Call
- GuruFocus.com
3 High Earnings Return Stocks to Consider
Their yields beat the 20-year high quality market corporate bonds Continue reading...
- Business Wire
Cummins Inc. Declares Quarterly Common Stock Dividend
The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.311 dollars per share, payable on June 4, 2020, to shareholders of record on May 22, 2020.
- Motley Fool
Why Cummins Stock Popped 20.8% in April
COVID-19 pandemic has hit demand for engines hard, but investors still saw value in Cummins stock in April.
- GuruFocus.com
Stocks in My Do Nothing Club May Just Wake Up
Hardly any stocks have managed to hold fairly steady, a difficult feat in this environment. Some of them deserve a look Continue reading...
- GuruFocus.com
The Smead Value Fund Sells Aflac, Exits Cummins
Firm's largest sales of the 1st quarter Continue reading...
- Zacks
Auto Stock Roundup: TSLA, HOG & CMI Top Q1 Earnings Estimates, F Incurs Loss
While Tesla (TSLA), Harley Davidson (HOG) and Cummins (CMI), among others, manage to deliver Q1 earnings beat, Ford (F) posts wider-than-expected loss.
- Business Wire
Cummins Increases Revolver Capacity by $2 Billion
Cummins Inc. (NYSE: CMI) today entered into an agreement providing for an additional $2 billion revolving credit facility that terminates on April 30, 2021.
- Motley Fool
Cummins Inc (Ex. Cummins Engine Inc) (CMI) Q1 2020 Earnings Call Transcript
CMI earnings call for the period ending March 31, 2020.
- Business Wire
Cummins to Conduct Its May 12 Annual Meeting Virtually to Ensure Health and Safety of Employees and Shareholders
Cummins Inc. (NYSE: CMI) today announced that it will conduct its May 12 Annual Meeting virtually to protect the health and safety of its employees and shareholders amid the ongoing global COVID-19 pandemic.
- Benzinga
Recap: Cummins Q1 Earnings
Shares of Cummins (NYSE:CMI) gained 8% after the company reported Q1 results.Quarterly Results Earnings per share fell 24.29% year over year to $3.18, which beat the estimate of $2.16.Revenue of $5,011,000,000 lower by 16.54% from the same period last year, which beat the estimate of $4,880,000,000.Looking Ahead Cummins hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Apr 28, 2020View more earnings on CMITime: 10:04 AM ETWebcast URL: https://edge.media-server.com/mmc/p/rm9pu43wTechnicals Company's 52-week high was at $186.7252-week low: $101.03Price action over last quarter: down 2.08%Company Description Cummins is a leading manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, along with diesel-powered electric generators. The firm's revenue historically has been tied to the class 8 truck market, where, as the industry leader, it currently supplies 38% of engines. 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 ever-increasing government regulation of diesel emissions in the past three decades, Cummins has been able to grow its revenue sevenfold, to $23.7 billion in 2018. Cummins is headquartered in Columbus, Indiana, where it was founded in 1919.See more from Benzinga * Recap: Rockwell Automation Q2 Earnings * D.R. Horton: Q2 Earnings Insights * Recap: Corning Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Motley Fool
Why Cummins Stock Putt-Putted Up 10% This Morning
It's earnings season on Wall Street, and industrial stocks are on deck. This morning, engine maker Cummins (NYSE: CMI) reported its first-quarter 2020 results. Cummins reported earning $3.18 per share (pro forma) on sales of $5 billion for the quarter, both numbers ahead of the $2.16 on $4.9 billion in sales that analysts had predicted.
- Zacks
Cummins (CMI) Tops Q1 Earnings Estimates, Revokes '20 View
Cummins (CMI) anticipates second-quarter results to take a severe hit due to disruptions across customer and supplier operations, as well as lower end market demand.
- Benzinga
Cummins Crushes Estimates With Better-Than-Expected Q1 Results
Cummins Inc. (NYSE: CMI) reported much stronger than expected revenue and profit than analysts expected in the first quarter, benefitting from cost cutting before the coronavirus pandemic struck.The leading maker of diesel engines for on- and off-highway trucks reported net income of $511 million, or $3.41 per fully diluted share, down 17% from $663 million in the same quarter of 2019.Earnings before interest, taxes, depreciation and amortization (EBITDA) were 16.9% of sales compared with 17.2% in the first quarter of 2019.View more earnings on CMIThe consensus of analysts predicted earnings per share of $2.18 and revenue of $4.87 billion, according to Seeking Alpha.Cummins completed the layoff of 2,000 workers globally that was announced in November 2019 by the end of March. It also has idled four engine plants in southern Indiana until at least May 4, or whenever production resumes at its major truck manufacturing customers."Given the significant impact the pandemic will have on demand across our industry in the second quarter and beyond, we are continuing to take actions to reduce cost and boost our already strong liquidity," Cummins CEO Tom Linebarger said in a statement.See more from Benzinga * Cummins' Melting Fuel Heater Leads To Big Navistar Recall * Cummins Testing Cylinder Skipping To Reduce NOx Emissions * Cummins, 3M Team Up On Filters For High-Tech Protective Gear(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Zacks
Cummins (CMI) Q1 Earnings and Revenues Beat Estimates
Cummins (CMI) delivered earnings and revenue surprises of 45.87% and 2.11%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Cummins Reports First Quarter 2020 Results
Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2020.
- Benzinga
Cummins' Melting Fuel Heater Leads To Big Navistar Recall
Navistar Inc. is recalling more than 50,000 trucks and buses because an electric fuel heater in a Cummins' medium-duty diesel engine used in school buses, trucks and emergency vehicles could overheat, causing plastic in the fuel heater to melt and potentially catch fire.If that happens, an unexpected engine stall could occur, increasing the possibility of a crash, according to Cummins' and Navistar filings with the National Highway Traffic Safety Administration (NHTSA).The International trucks and IC buses account for the majority of 68,605 engines that Cummins Inc. (NYSE: CMI) recalled March 31. Navistar International, Inc. (NYSE: NAV) was the only customer listed in Cummins' recall notice. The status of the other 17,885 engines was unknown.  About 10% of the Cummins' B6.7 diesel engines are suspected to have the condition. Cummins said it was unaware of any fires, accidents or injuries related to the condition.Cummins is developing a remedy and will notify International and IC dealers on April 30. The recall is expected to start May 29.Cummins investigated the first case of the fuel heater melting in early February. It became aware of 12 cases of the component melting by the time it decided on March 24 to conduct a recall. The NHTSA recall is 20E-018.Cummins told Navistar of the issue, and the truck maker developed the affected population covered in NHTSA recalls 20V-219 and 20V-220.The 27,421 vehicles in the first Navistar recall are:IC Bus/1300 FBC/2018-2019IC Bus/CE/2018-2021IC Bus/HC/2018-2019 IC Bus/TC/2019-2021 International/Durastar/2017-2020International/HV/2018-2021International/MV/2018-2021 andInternational/Workstar/2017-2020The second Navistar recall covers 23,299 models of IC Bus/CE from the 2017-2021 model years.See more from Benzinga * Today's Pickup: C.R. England Tops Four Million Meals Donated * Trucking Freight Futures Market Summary Week Ending 4-24-2020 * Australia Secures Subsidized Airfreight For Exporters(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Zacks
Auto Stocks' Q1 Earnings Queued for Apr 28: HOG, F, CMI & PII
Overall first-quarter 2020 earnings and revenues for the auto sector are projected to be down 82.2% and 13% year over year, respectively.
- Barrons.com
Durable-Goods Orders Slid 14.4% in March, Second-Biggest Drop Ever
New orders for manufactured durable goods tumbled 14.4% last month, the second-largest drop ever, driven by a plunge in demand for transportation equipment such as auto parts as the coronavirus pandemic began to halt business and consumer activity.
- Zacks
What's in the Offing for Cummins (CMI) This Earnings Season?
Heightening coronavirus fears and elevated R&D expenses are likely to have dragged down Cummins' (CMI) margins in the first quarter.
- Benzinga
Cummins Testing Cylinder Skipping To Reduce NOx Emissions
Cummins Inc. (NYSE: CMI) is testing the same technology that boosts fuel economy in passenger vehicles to see whether it can dramatically reduce smog-forming oxides of nitrogen (NOx) emissions from heavy-duty trucks.The Columbus, Indiana-based engine maker is unsure whether Diesel Dynamic Skip Fire (dDSF) from Tula Technology Inc. is a solution, but it likes what it sees so far."We have some good initial test results and we're moving into the vehicle testing and cycle testing phase," Lisa Farrell, Cummins director of Advanced System Integration, told FreightWaves.Feds vs. CaliforniaReducing NOx emissions is a focus of both the U.S. Environmental Protection Agency (EPA) and the California Air Resources Board (CARB), which has proposed strict curbs on NOx for 2027. In January the EPA published an advanced notice of proposed rulemaking that could lead to the first federal revision in NOx emissions since 2001.NOx emissions in the United States dropped by more than 40% between 2007 and 2017, but more than 100 million people live in areas where ozone and particulate matter (PM) pollution exceed federal standards. The EPA estimates heavy-duty vehicles will be a large contributor to NOx emissions within the transportation sector in 2025.Cummins, the American Trucking Associations (ATA), the Engine Manufacturers Association (EMA) and the Owner-Operator Independent Drivers Association (OOIDA) are among manufacturers and independent organizations supporting a 50-state standard. A national standard would eliminate a potential hodge-podge of state rules that could increase the cost of truck manufacturing and create logistics problems in where certain trucks could travel.Skipping aroundDiesel Dynamic Skip Fire is a cylinder deactivation technology that, like its name suggests, skips certain cylinders from firing in a diesel engine depending on the driver's need. Dynamic Skip Fire was first used in General Motors Company (NYSE: GM) gasoline-fueled vehicles early in the last decade, Tula CEO Scott Bailey told FreightWaves. Today more than 500,000 GM vehicles on the road have the technology, which has shown to improve fuel efficiency by up to 15%, as well as reducing carbon dioxide (CO2) emissions."There are many similarities," Bailey said. "Whether it's a gasoline, spark-ignited engine or compression-ignited engine, you have to modify the valvetrain. So we need the capability to deactivate cylinders on an individual basis."When you get into specific controls, [a] diesel engine has a little bit more complexity. So there are a few more knobs to turn with EGR [exhaust gas recirculation] and air path and so on," he said. "But much of that difference really shows up more on the Cummins' side of the equation than on the Tula side."Delayed testingCummins installed dDSF technology in a Freightliner Cascadia with an X15 Efficiency Series 6-cylinder engine. But testing so far is limited to dynamometer and the laboratory. Even that is suspended by coronavirus-prompted shelter-in-place orders keeping most Cummins' engineers homebound.Cummins installed Diesel Dynamic Skip Fire technology in a Freightliner Cascadia with an X15 Efficiency Series 6-cylinder engine. (Photo credit: Cummins Inc.)"We expect significant reductions in NOx emissions by utilizing [dDSF] in combination with current after-treatment systems," Farrell said. "We certainly wouldn't want to say this is something that in and of itself could get us to those levels."Cummins started working with Tula a year ago. It probably won't decide on whether to use dDSF in production until later this year. Six-cylinder engines make up most of Cummins' on-road portfolio used by all major truck manufacturers."It's complicated with COVID-19 right now because I don't when we're going to actually test, but we're still on plan... this year so that we could at least be clearer about what we project the benefits to be in numbers' terms," Farrell said. "Commercialization is just another layer." See more from Benzinga * Cummins, 3M Team Up On Filters For High-Tech Protective Gear * Meritor Plants Idled And Salaries Cut In Half Temporarily * Large Displacement Diesels Still Rule Tractor Purchases(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Business Wire
Cummins and Tula Announce Collaboration Demonstrating the Benefits of Diesel Dynamic Skip Fire (dDSFâ„¢)
Cummins Inc. (NYSE: CMI) and Tula Technology, Inc., a tech leader in improving propulsion efficiency and reducing emissions in passenger cars, today announced their collaboration on a significant technical demonstration of diesel Dynamic Skip Fire (dDSFâ„¢). By using dDSF software to control cylinder deactivation, Cummins and Tula have demonstrated significant reductions in emissions and fuel consumption.
- Zacks
3M Teams Up With Cummins to Increase Filter Output for PAPRs
3M (MMM) partners with Cummins to increase the production of filters for its powered air-purifying respirators to fight against the coronavirus pandemic.
- MarketWatch
Coronavirus update: 1.96 million cases worldwide, 125,476 deaths; and Trump goes into battle with state governors
An apparent slowdown in deaths and hospitalizations from the coronavirus that causes COVID-19 the U.S. epicenter New York weighed against a grim forecast for the global economy and a widening row between President Donald Trump and state governors over how to get Americans back to work.
