Cummins Inc. (NYSE: CMI) kicked off on Tuesday, up 0.17% from the previous trading day, before settling in for the closing price of $301.07. Over the past 52 weeks, CMI has traded in a range of $212.80-$322.83.
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Industrials Sector giant saw their annual sales surged by 8.52% over the last five years. While this was happening, its average annual earnings per share was recorded 0.26%. With a float of $134.81 million, this company’s outstanding shares have now reached $141.80 million.
The firm has a total of 75500 workers. Let’s measure their productivity. In terms of profitability, gross margin is 24.12%, operating margin of 4.37%, and the pretax margin is 8.33%.
Cummins Inc. (CMI) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Cummins Inc. is 1.63%, while institutional ownership is 85.44%. The most recent insider transaction that took place on Aug 23 ’24, was worth 7,474,875. In this transaction Senior Vice President of this company sold 24,250 shares at a rate of $308.24, taking the stock ownership to the 77,442 shares. Before that another transaction happened on Aug 23 ’24, when Company’s Officer proposed sale 24,250 for $308.24, making the entire transaction worth $7,474,876.
Cummins Inc. (CMI) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 4.59 earnings per share (EPS), lower than consensus estimate (set at 4.68) by -0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.26% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.05% during the next five years compared to -17.10% drop over the previous five years of trading.
Cummins Inc. (NYSE: CMI) Trading Performance Indicators
Take a look at Cummins Inc.’s (CMI) current performance indicators. Last quarter, stock had a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.21. Likewise, its price to free cash flow for the trailing twelve months is 34.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.80, a number that is poised to hit 4.82 in the next quarter and is forecasted to reach 21.99 in one year’s time.
Technical Analysis of Cummins Inc. (CMI)
Analysing the last 5-days average volume posted by the [Cummins Inc., CMI], we can find that recorded value of 0.7 million was lower than the volume posted last year of 1.68 million. As of the previous 9 days, the stock’s Stochastic %D was 71.93%. Additionally, its Average True Range was 6.75.
During the past 100 days, Cummins Inc.’s (CMI) raw stochastic average was set at 65.36%, which indicates a significant increase from 58.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.69% in the past 14 days, which was lower than the 25.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $295.26, while its 200-day Moving Average is $274.02. Now, the first resistance to watch is $305.40. This is followed by the second major resistance level at $309.22. The third major resistance level sits at $312.36. If the price goes on to break the first support level at $298.44, it is likely to go to the next support level at $295.30. Should the price break the second support level, the third support level stands at $291.48.
Cummins Inc. (NYSE: CMI) Key Stats
The company with the Market Capitalisation of 41.33 billion has total of 136,780K Shares Outstanding. Its annual sales at the moment are 34,065 M in contrast with the sum of 735,000 K annual income. Company’s last quarter sales were recorded 8,796 M and last quarter income was 726,000 K.
