After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Cummins reaches agreement in principle to settle regulatory proceedings regarding its emissions certification and compliance process for pick-up truck applications.
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Stocks Info
CMI belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. The current market capitalization of Cummins Inc. is $33.04B. A total of 0.87 million shares were traded on the day, compared to an average of 759.17K shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CMI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 36 SELLs from insiders. Insiders purchased 78,513 shares during that period but sold 41,210.
In the most recent transaction, RUMSEY JENNIFER sold 2 shares of CMI for 164.60 per share on Nov 22. After the transaction, the President & CEO now owns 1,440 company shares. In a previous transaction on Feb 22, Fier Walter J sold 3,307 shares at 252.99 per share. CMI shares that VP – Chief Technical Officer owns now total 8,090.
Among the insiders who sold shares, Barner Sharon R disposed of 5,929 shares on Feb 17 at a per-share price of $257.13. This resulted in the VP – Chief Administrative Off. holding 16,144 shares of CMI after the transaction. In another insider transaction, Barner Sharon R sold 5,540 shares at $252.34 per share on Feb 15. Company shares held by the VP – Chief Administrative Off. now total 16,144.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Cummins Inc. pays an annual dividend of $6.49, resulting in a dividend yield of 2.78%, and it has a price to earnings (P/E) ratio of 11.87. CMI’s most recent ex-dividend date was 11/22/2023 when it declared a $1.68 quarterly dividend that was paid in cash on 12/7/2023. Previously, the company paid the dividend on 9/7/2023 with an ex-dividend date of 8/24/2023. The CMI stock dividend was $1.68 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CMI in the last 3 months, the mean price target is $257.90 with high estimates of $290.00 and low estimates of $231.00. In terms of 52-week highs and lows, CMI has a high of $265.28 and a low of $203.18.
As of this writing, CMI has an earnings estimate of $4.46 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $4.96 per share and a lower estimate of $4.11. The company reported an EPS of $5.05 in the last quarter, which was -4.50% lower than expectations of $5.29.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CMI is Buy with a score of 3.36.
