CMI will match the grant, investing an additional $75 million, making a total of $150 million to transform the space and increase production of battery packs, powertrain systems and other battery-electric vehicle (BEV) components for Accelera by Cummins, its zero-emissions division. This expansion is expected to create approximately 250 full-time jobs, with opportunities for the existing employees to transition into these new roles over time. The escalating R&D and engineering expenses on the Accelera segme ...

• C-Com Reports Second Quarter Results July 15, 2024 8:00 AM EDT | Source: C-COM Satellite Systems Inc. The Company generated revenues of $2,580,514 and net income after taxes of $61,072. Overall gross profit margins remained healthy at 57.5% in Q2. The Company's Q2 2024 working capital of $25.2 million was up $0.8 million from Q2 2023. The Company also announced the payment of its next quarterly dividend in the amount of $0.0125 per common share payable on August 13th, 2024, to all shareholders of record a ...

On Jun 27, The Kroger Co announced that its shareholders would receive a dividend of $0.32 a share on Sep 1, 2024. KR has a dividend yield of 2.24%. Over the past five years, The Kroger Co has increased its dividend six times, and its payout ratio at present sits at 25% of earnings. Check The Kroger Co's dividend history here. The rally follows impressive economic data that shows a decline in inflation and a cooling labor market. The consumer price index (CPI) remained unchanged month over month in May afte ...

Reasonable debt levels and solid operational efficiency allow management to return value to shareholders. Cummins returned $921 million to shareholders via dividends last year. Cummins is aggressively advancing in electrification, fuel cell and hydrogen production technologies, demonstrated by its HELM platform and next-gen diesel engines meeting 2027 regulations. With a $500 million electrolyzer backlog and facility expansions, the company is poised to capitalize on the rising clean energy demand. Lower tr ...

Dividend Stock #4: Hershey's (HSY) PM Images We are starting this list off with a Dividend King. Stanley Black and Decker has had a tough 2024, down 17.56%, due to weakening consumer demand. In reality, this continues the companies long decrease that started in 2023. Last year, the company announced a tiny 1.25% dividend increase, which was well below its average. With continued top line and bottom line pressure, I'm personally not expecting an increase above the company's five-year average. Current Dividen ...

Several auto stocks are starting to stand out as new additions to the Zacks Rank #1 (Strong Buy) list this week. Along with positive earnings estimate revisions being indicative of their improved outlook, these highly ranked auto stocks are attractive in terms of value which further suggests that now is an ideal time to invest. More appealing to investors, particularly income seekers is that Ford's annual dividend yield currently stands at 5.09% compared to General Motors' (GM) 1.01% with it being noteworth ...

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time. The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the nearterm price movement of its stock are proven to be strongl ...

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Cummins (CMI) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question. Over the past three months, the Zacks Consensus Estimate for CMI's full-year earnings has moved 2.5% higher. This is a sign of improving analyst sentiment and a positive earn ...

A semi truck driving down a highway. Navigating A Challenging Macroenvironment Cummins Analyst Day 2024 Presentation The near-term economic environment will likely continue to weigh on earnings throughout 2024. This is why analysts anticipate that non-GAAP diluted EPS will contract by 5.3% to $18.65 in 2024. These ebbs and flows look to be baked into Cummins' guidance of 5% to 7% compound annual growth rates for sales through 2030. Growth in aftermarkets, continued original equipment manufacturing outsourci ...

jetcityimage Building a business is tough. Building a stock-listed company with consistent dividend growth and double-digit annual returns is even harder. Doing this in a cyclical industry takes things to a whole new level. Essentially, there are three major machinery companies on my radar that have done this: Deere & Company (DE). Caterpillar (CAT). Cummins (NYSE:CMI), the star of this article. Since January 2004, CMI shares have returned 17.6% annually! This includes the Great Financial Crisis, the 2015/2 ...