After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Cummins Announces Final Results of Exchange Offer and Finalizes Separation of Atmus Filtration Technologies Inc..
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Stocks Info
The company is listed on the NYSE and operates within the Specialty Industrial Machinery industry segment. The current market capitalization of Cummins Inc. is $41.19B. A total of 5.2 million shares were traded on the day, compared to an average of 3.15M shares.
In the most recent transaction, Barner Sharon R sold 2,100 shares of CMI for 271.29 per share on Feb 28 ’24. After the transaction, the VP – Chief Administrative Off. now owns 16,899 company shares. In a previous transaction on Feb 28 ’24, Quintos Karen H sold 1,000 shares at 270.24 per share. CMI shares that Director owns now total 2,835.
Among the insiders who bought shares, Fisher Daniel William acquired of 562 shares on Feb 27 ’24 at a per-share price of $266.57. This resulted in the Director holding 1,068 shares of CMI after the transaction. In another insider transaction, JACKSON DONALD G sold 5,080 shares at $261.72 per share on Feb 22 ’24. Company shares held by the VP – Treasury & Tax now total 3,175.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Cummins Inc. pays an annual dividend of $6.61, resulting in a dividend yield of 2.28%, and it has a price to earnings (P/E) ratio of 56.82. CMI’s most recent ex-dividend date was 2/22/2024 when it declared a $1.68 quarterly dividend that was paid in cash on 3/7/2024. Previously, the company paid the dividend on 12/7/2023 with an ex-dividend date of 11/22/2023. The CMI stock dividend was $1.68 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CMI has a high of $297.11 and a low of $203.18.
As of this writing, CMI has an earnings estimate of $5.11 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $6.01 per share and a lower estimate of $4.28. The company reported an EPS of $4.59 in the last quarter, which was -1.90% lower than expectations of $4.68.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CMI’s latest balance sheet shows that the firm has $3.19B in Cash & Short Term Investments as of fiscal 2021. There were $4.61B in debt and $7.08B in liabilities at the time. Its Book Value Per Share was $62.41, while its Total Shareholder’s Equity was $9.40B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.38.
