$2.60 EPS Expected for Cummins Inc. (CMI)

January 16, 2018 - By Vivian Park

 $2.60 EPS Expected for Cummins Inc. (CMI)
Investors sentiment increased to 1.1 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It improved, as 57 investors sold Cummins Inc. shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported.
Convergence Investment Limited Co accumulated 10,543 shares or 0.25% of the stock. Eagleclaw Capital Managment Lc stated it has 0.11% of its portfolio in Cummins Inc. (NYSE:CMI). Savant Capital Limited Co has 1,730 shares for 0.07% of their portfolio. Pictet Asset Mngmt stated it has 0.07% in Cummins Inc. (NYSE:CMI). Raymond James Associates holds 0.07% or 206,367 shares in its portfolio. Atlantic Trust Grp Lc holds 0.02% or 29,102 shares. Cornerstone Advisors invested in 6,000 shares. Texas Yale Corporation invested 0.03% of its portfolio in Cummins Inc. (NYSE:CMI). Geode Limited Liability Company owns 2.06M shares. 1,206 are held by Pineno Levin Ford Asset Mgmt Incorporated. Invsts reported 4.44 million shares. Riverpoint Capital Management Ltd Limited Liability Company owns 2,429 shares. Linscomb & Williams Inc invested 0.3% of its portfolio in Cummins Inc. (NYSE:CMI). American Bancorp reported 184 shares. Renaissance Group Ltd Liability Company stated it has 204,963 shares or 1.18% of all its holdings.

Since August 9, 2017, it had 0 insider purchases, and 1 sale for $260,085 activity.

Analysts expect Cummins Inc. (NYSE:CMI) to report $2.60 EPS on February, 8.They anticipate $0.35 EPS change or 15.56 % from last quarter’s $2.25 EPS. CMI’s profit would be $431.52 million giving it 17.71 P/E if the $2.60 EPS is correct. After having $2.71 EPS previously, Cummins Inc.’s analysts see -4.06 % EPS growth. The stock increased 0.15% or $0.28 during the last trading session, reaching $184.18. About 1.47 million shares traded or 7.61% up from the average. Cummins Inc. (NYSE:CMI) has risen 43.32% since January 16, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Among 28 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 3 Sell and 18 Hold. Therefore 25% are positive. Cummins had 92 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, June 30. Bank of America downgraded the shares of CMI in report on Tuesday, December 1 to “Underperform” rating. Barclays Capital upgraded the shares of CMI in report on Monday, January 9 to “Equal Weight” rating. The stock of Cummins Inc. (NYSE:CMI) earned “Hold” rating by Stifel Nicolaus on Monday, September 4. The company was downgraded on Monday, April 11 by Macquarie Research. Piper Jaffray maintained the shares of CMI in report on Tuesday, October 31 with “Hold” rating. The firm has “Hold” rating given on Monday, June 5 by RBC Capital Markets. The stock has “Hold” rating by RBC Capital Markets on Tuesday, October 10. The rating was upgraded by Evercore to “Buy” on Monday, November 7. The firm has “Hold” rating given on Monday, July 10 by RBC Capital Markets.

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 $30.57 billion. It operates through Engine, Distribution, Components, and Power Systems divisions. It has a 18.72 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.

More recent Cummins Inc. (NYSE:CMI) news were published by: Seekingalpha.com which released: “Cummins Stock Is Positioned For Outperformance” on January 10, 2018. Also Businesswire.com published the news titled: “Cummins Releases New Generators in QuietConnect Series” on December 20, 2017. Bizjournals.com‘s news article titled: “Cummins, FedEx, U of M launching global tech program at East’s T-STEM Academy” with publication date: January 02, 2018 was also an interesting one.

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