Cummins Inc. (CMI) Analysts See $3.70 EPS

October 2, 2018 - By Ash

Cummins Inc. (NYSE:CMI) LogoInvestors sentiment increased to 0.91 in Q2 2018. Its up 0.01, from 0.9 in 2018Q1. It is positive, as 81 investors sold Cummins Inc. shares while 257 reduced holdings. 74 funds opened positions while 232 raised stakes. 125.38 million shares or 2.32% less from 128.35 million shares in 2018Q1 were reported.
Stephens Ar has invested 0.1% in Cummins Inc. (NYSE:CMI). Agf America holds 22,701 shares. Highstreet Asset Mgmt holds 0.04% of its portfolio in Cummins Inc. (NYSE:CMI) for 4,447 shares. Kentucky Retirement Sys has 0.09% invested in Cummins Inc. (NYSE:CMI). Hm Payson holds 170,239 shares or 0.97% of its portfolio. Burke Herbert Retail Bank Trust has invested 0.4% in Cummins Inc. (NYSE:CMI). Pinebridge L P stated it has 0.06% of its portfolio in Cummins Inc. (NYSE:CMI). Panagora Asset Mngmt Incorporated, Massachusetts-based fund reported 446,117 shares. Bb&T Corp holds 6,856 shares. 49,200 were accumulated by Gulf Intl Retail Bank (Uk). Stratos Wealth Ptnrs Limited invested in 5,983 shares or 0.04% of the stock. Guardian Life Insur Co Of America holds 0.01% of its portfolio in Cummins Inc. (NYSE:CMI) for 429 shares. Stifel Finance Corporation invested 0.06% of its portfolio in Cummins Inc. (NYSE:CMI). New York State Common Retirement Fund holds 346,761 shares or 0.06% of its portfolio. Mckinley Capital Mgmt Limited Co Delaware, Unknown-based fund reported 1,720 shares.

Analysts expect Cummins Inc. (NYSE:CMI) to report $3.70 EPS on October, 30.They anticipate $0.99 EPS change or 36.53 % from last quarter’s $2.71 EPS. CMI’s profit would be $602.40M giving it 10.02 P/E if the $3.70 EPS is correct. After having $4.14 EPS previously, Cummins Inc.’s analysts see -10.63 % EPS growth. The stock increased 0.17% or $0.25 during the last trading session, reaching $148.24. About 79,666 shares traded. Cummins Inc. (NYSE:CMI) has declined 14.16% since October 2, 2017 and is downtrending. It has underperformed by 29.78% the S&P500.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Among 14 analysts covering Cummins (NYSE:CMI), 4 have Buy rating, 2 Sell and 8 Hold. Therefore 29% are positive. Cummins had 22 analyst reports since April 5, 2018 according to SRatingsIntel. The stock of Cummins Inc. (NYSE:CMI) has “Outperform” rating given on Wednesday, May 2 by Oppenheimer. As per Monday, September 10, the company rating was maintained by Stifel Nicolaus. The stock has “Neutral” rating by Bank of America on Wednesday, August 1. The firm has “Neutral” rating given on Wednesday, May 2 by Buckingham Research. The firm earned “Market Perform” rating on Wednesday, May 2 by Wells Fargo. JP Morgan downgraded the shares of CMI in report on Friday, August 24 to “Underweight” rating. The stock of Cummins Inc. (NYSE:CMI) has “Outperform” rating given on Wednesday, May 2 by Credit Suisse. The firm has “Neutral” rating given on Friday, May 4 by Citigroup. BMO Capital Markets maintained Cummins Inc. (NYSE:CMI) rating on Thursday, May 3. BMO Capital Markets has “Market Perform” rating and $170 target. Stifel Nicolaus maintained the shares of CMI in report on Wednesday, May 2 with “Hold” rating.

Cummins Inc., together with its subsidiaries, designs, makes, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. The company has market cap of $24.14 billion. It operates through Engine, Distribution, Components, and Power Systems divisions. It has a 23.44 P/E ratio. The Engine segment makes and markets a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, gas and oil, defense, and agricultural markets.

Another recent and important Cummins Inc. (NYSE:CMI) news was published by Seekingalpha.com which published an article titled: “Cummins to partner with KAMAZ” on September 20, 2018.

Cummins Inc. (NYSE:CMI) Institutional Positions Chart

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