Cummins Inc. (NYSE:CMI) is expected to report second quarter earnings results, before market open, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.91 per share.
Looking ahead, the full year income are expected at $ 7.57 per share on the revenues of $ 17466.20 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 20,742.00 million ~ $ 21,685.00 million
Click Here For More Historical Outlooks Of Cummins Inc.
Previous Quarter Performance
Cummins Inc. posted income for the first quarter of $ 3.18 per share, from the revenue of $ 5,011.00 million. The quarterly earnings reduced 24.29 percent while revenues lowered 16.54 percent compared with the same quarter last year.
According to street consensus, CMI was expected to report 1Q20 income of $ 2.20 per share from revenue of $ 4934.92 million. The bottom line results beat street analysts by $ 0.98 or 44.55 percent, at the same time, top line results outshined analysts by $ 76.08 million or 1.54 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CMI was $ 190.96, representing a 89.01 % increase from the 52 week low of $ 101.03 and a 0.7 % decrease over the 52 week high of $ 192.31.
The company has a market capital of $ 28.17 billion and is part of the Industrials sector and Diversified Industrials industry.
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Recent Analyst recommendations
- On 18th June 2020, maintained by Citigroup at Buy rating, with $ 192.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.311 per share on July 14, 2020. The dividend were payable on September 3, 2020 to holders of record as of the close of business on August 21, 2020 and ex-dividend date on August 20, 2020.
On May 12, 2020, the board of directors authorized quarterly dividend of $ 1.311 per share to holders of record as of the close of business on May 22, 2020, with payment date of June 4, 2020 and ex-dividend date on May 21, 2020.
Conference Call
Cummins Inc. will be hosting a conference call at 10:00 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cummins.com
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and powertrain-related component products worldwide. It operates in five segments: Engine, Distribution, Components, Power Systems, and Electrified Power.
