Wall Street analysts forecast that Cummins (CMI) will report quarterly earnings of $4.89 per share in its upcoming release, pointing to a year-over-year increase of 3.4%. It is anticipated that revenues will amount to $8.28 billion, exhibiting a decline of 1.8% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their i ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Cummins (CMI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 5. On ...

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Cummins Inc. (“Cummins” or “the Company”) (NYSE: CMI) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Cummins securities b ...

Collaboration will achieve EPA27 Phase 3 Emissions Standards compliance.INDIANAPOLIS, Oct. 21, 2024 /PRNewswire/ -- Allison Transmission is pleased to announce an uprate to its proven B400 and B3400 xFE fully automatic transmissions, including retarder models. The increased ratings will ensure Allison continues to offer unrivaled total economic value to bus fleets across North America. The uprated transmission models will now support ratings up to 350 horsepower and 1,150 ft. lbs. of torque. This increase i ...

Company Overview - Cummins (CMI) is headquartered in Columbus and operates in the Auto-Tires-Trucks sector, experiencing a price change of 40.05% year-to-date [2] - The company currently pays a dividend of $1.82 per share, resulting in a dividend yield of 2.17%, which is higher than the Automotive - Internal Combustion Engines industry's yield of 1.08% and the S&P 500's yield of 1.51% [2] Dividend Performance - Cummins has increased its annualized dividend to $7.28, marking a 12% increase from the previous year [2] - Over the past five years, the company has raised its dividend four times, achieving an average annual increase of 7.11% [2] - The current payout ratio for Cummins is 35%, indicating that the company distributes 35% of its trailing 12-month earnings per share as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Cummins' earnings per share in 2024 is $19.96, reflecting a year-over-year growth rate of 1.37% [3] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [4] - Established firms with secure profits are typically viewed as the best dividend options, while high-growth businesses and tech start-ups rarely offer dividends [4] - Cummins is identified as a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [4]

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, issues this updated notice in connection with the securities class action lawsuit on behalf of purchasers of the securities of Cummins Inc. (NYSE: CMI) between April 30, 2019 and December 21, 2023, both dates inclusive (the "Class Period"). This class action was originally filed on January 15, 2024. The lawsuit seeks to recover damages for Cummins investors under the federal securities laws. To join the Cummins cl ...

Financial Performance - C-COM Satellite Systems Inc. reported revenues of $1.3 million for Q3 2024, an increase from $1.2 million in Q3 2023, contributing to year-to-date revenues of $6.5 million, which is $2 million (46%) higher than the same period in 2023 [2] - The company experienced a net loss of $0.1 million in Q3 2024, but year-to-date net income stands at $0.3 million, significantly above last year's performance [2] Cash Flow and Dividends - As of the end of Q3 2024, C-COM generated $2.9 million in cash flow from operations, leading to an increase in liquidity with cash and investments growing by $1.5 million to $17 million [3] - The company paid out $528,206 in dividends during Q3 2024, maintaining its quarterly dividend payout for 50 consecutive quarters [3] Future Developments - C-COM is finalizing the testing and manufacturing of its advanced multi-orbit Ka-band Electronically Steered Antenna System (ESA), which is designed to operate over all satellite constellations (GEO, MEO, LEO) [6] - The new ESA features a modular and scalable architecture, expanding addressable markets for high-speed mobility connectivity across various applications, including military and security needs [6] - The company is also developing an Analog Beamforming Integrated Circuit, expected to enter the testing phase by the end of the year, aimed at reducing costs and improving performance of ESA antennas [9] Market Position - C-COM is a leading global provider of mobile satellite antenna systems, having sold over 10,000 systems in more than 100 countries [8] - The company serves various vertical markets, including Oil & Gas, Military Communications, and Telemedicine, with its iNetVu® brand recognized for quality and reliability [8]

Company Overview - Cummins (CMI) is headquartered in Columbus and operates in the Auto-Tires-Trucks sector, with a price change of 35.68% year-to-date [3] - The company currently pays a dividend of $1.82 per share, resulting in a dividend yield of 2.24%, which is higher than the Automotive - Internal Combustion Engines industry's yield of 1.12% and the S&P 500's yield of 1.49% [3] Dividend Performance - Cummins' annualized dividend of $7.28 has increased by 12% from the previous year [4] - Over the past five years, the company has raised its dividend three times, achieving an average annual increase of 6.53% [4] - The current payout ratio is 35%, indicating that Cummins pays out 35% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - For the fiscal year 2024, the Zacks Consensus Estimate projects earnings of $19.77 per share, reflecting a 0.41% increase from the previous year [5] Investment Considerations - Cummins is viewed as a compelling investment opportunity due to its strong dividend profile and solid earnings growth potential [7] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [7]

I have an actively managed investment portfolio, and I regularly trade stocks within my investing universe (or watch list) depending upon the stock's price relative to my estimate of its intrinsic value and its market I have degrees in Applied Chemistry, Accounting and an MBA. I also have completed the NYU Stern Certificate in Advanced Valuation with High Honors. I have held senior executive roles in a variety industries including glass, building materials, consumer products & rail transport.I am a full-tim ...

Cummins Inc. (NYSE: CMI ) is a compounder that's not talked about enough in GARP circles, partly due to the cyclicity of selling engines and power generation equipment. However, over the years, the company has proved itself to be a consistent performer, with steady growth I'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptiona ...