News stories about Cummins (NYSE:CMI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cummins earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.4164304693816 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
Shares of Cummins stock traded up $1.57 on Tuesday, reaching $146.44. 1,498,585 shares of the stock were exchanged, compared to its average volume of 1,699,887. Cummins has a 1-year low of $143.89 and a 1-year high of $146.06. The company has a quick ratio of 0.99, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. The firm has a market cap of $24.10 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.94 and a beta of 1.24.
Cummins (NYSE:CMI) last issued its quarterly earnings results on Tuesday, May 1st. The company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.39. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.18 billion. Cummins had a net margin of 4.33% and a return on equity of 23.47%. The business’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.36 earnings per share. equities research analysts anticipate that Cummins will post 13.67 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 18th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, May 17th. Cummins’s dividend payout ratio is currently 40.68%.
CMI has been the topic of a number of recent research reports. TheStreet upgraded shares of Cummins from a “c+” rating to a “b” rating in a research note on Tuesday, May 1st. Zacks Investment Research upgraded shares of Cummins from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a research note on Friday, February 9th. Bank of America upgraded shares of Cummins from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Friday, January 19th. ValuEngine upgraded shares of Cummins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Wells Fargo restated a “buy” rating and issued a $195.00 price objective (down from $210.00) on shares of Cummins in a research note on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the company. Cummins currently has an average rating of “Hold” and a consensus target price of $171.45.
Cummins Company Profile
Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of 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.
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