Cummins Inc. (CMI) - NYSE
  • Sep. 15, 2011, 6:26 AM
    U.S. manufacturers, who helped fuel the great bounce of 2009-2010, are growing increasingly cautious in their outlook. The U.S. economy "is clearly not recovering anymore," Cummins (CMI) CEO Tom Linebarger said in an interview yesterday. So far, 2012 earnings growth forecasts are down to 16% from 19% as recently as June.
    | Sep. 15, 2011, 6:26 AM | 1 Comment
  • Sep. 13, 2011, 10:23 AM

    Engine manufacturer Cummins (CMI) is up 6.4% after setting 2015 targets of $30B in sales (reflecting an annual growth rate of 14%) and an EBIT margin of 18%. COO Tom Linebarger also notes at an investor meeting that the company is setting financial targets for 2011 exceeding what it originally planned to achieve in 2014.

    | Sep. 13, 2011, 10:23 AM
  • Jul. 26, 2011, 11:31 AM

    More on Cummins (CMI +4.8%): Q2 profit more than doubled as the engine maker's top-line gets a boost from strong growth in its international and off-road markets. The company has been a consistent performer, posting double-digit Y/Y revenue growth and beating estimates over five straight quarters.

    | Jul. 26, 2011, 11:31 AM
  • Jul. 26, 2011, 9:00 AM

    Premarket gainers: SONE +29%. APP +23%. RSH +19%. GRA +9%. SVU +8%. BRCM +9%. CIGX +8%. WFT +8%. BIDU +6%. CMI +6%. COV +5%. RENN +4%. YOKU +3%. GSK +3%.
    Losers: LII -11%. VDSI -9%. EK -9%. STM -9%. NFLX -8%. FNDT -7%. WAT -7%. AKS -6%. QGEN -3%. NVDA -3%. MMM -3%.

    | Jul. 26, 2011, 9:00 AM | 1 Comment
  • Jul. 26, 2011, 7:40 AM
    Cummins (CMI): Q2 EPS of $2.41 beats by $0.41. Revenue of $4.64B (+44% Y/Y). Shares +4.6% premarket. (PR)
    | Jul. 26, 2011, 7:40 AM
  • Jul. 26, 2011, 12:05 AM

    Notable earnings before Tuesday's open: AKS, AMLN, ARMH, AVY, BIIB, BP, CIT, CMI, COV, DB, F, HSY, ITW, JBLU, KCI, LMT, LXK, MMM, NOV, ODP, OXY, PCAR, PCX, RF, RSH, SIAL, SPG, SVU, TLAB, TROW, UA, UBS, UPS, VLO, WAT, WDR, WFT, WPI, WU

    | Jul. 26, 2011, 12:05 AM | 1 Comment
  • Jul. 19, 2011, 10:13 AM

    Test Laszlo Birinyi's stock picking prowess with these five favored stocks: BP Prudhoe Bay Trust (BPT), Ralph Lauren (RL), Priceline (PCLN), Cummins (CMI) and Hermes (HESAF.PK). He says they were chosen to give investors some diversification, some play on energy and the economy, and some exposure to consumers.

    | Jul. 19, 2011, 10:13 AM
  • Jul. 13, 2011, 7:35 AM

    Cummins (CMI) announces a change in leadership as CEO Tim Solso ends his 11-year reign, and is replaced by COO Tom Linebarger at the end of the year. Solso will have big shoes to fill as the outgoing CEO was twice named one of Barron's 30 Best CEOs. The firm also sweetened the pot for investors, boosting its dividend 52%.

    | Jul. 13, 2011, 7:35 AM
  • Jul. 12, 2011, 9:41 AM

    Engine maker Cummins (CMI +2%) boosts its dividend over 50% to $0.40 a share, adding to the growing number of companies rewarding shareholders by tapping into cash. "Cummins had its most profitable year in its history in 2010 and we expect that 2011 will be an even better year," says CEO Tim Solso.

    | Jul. 12, 2011, 9:41 AM
  • Jul. 1, 2011, 4:41 PM

    Companies are actually spending money, it's just not on payrolls, writes Minyanville's Steve Smith. Investment in equipment and software has soared 26% since the end of the recession, while the jobless rate has barely budged. Standing ready to profit from the trend are large-cap global manufacturers: John Deere (DE), Caterpillar (CAT), Cummins (CMI), Joy Global (JOYG).

    | Jul. 1, 2011, 4:41 PM | 3 Comments
  • Jun. 7, 2011, 2:48 PM

    Despite a 72% jump in profits and raising FY11 earnings projections, higher costs are taking a bite out of truck maker Navistar (NAV -5.42%) as it transitions from using Cummins (CMI +2.24%) engines to making its own.

    | Jun. 7, 2011, 2:48 PM | 2 Comments
  • Apr. 26, 2011, 11:45 AM
    Contrary to appearances, not everybody (like some of today's movers, DAL +8.9%, UPS +1.2%, CMI +7.9%) is out there beating earnings expectations - and the whiffs can be a little ugly: See Tellabs (TLAB -6.3% after missing revenue by $4M) or Lexmark (LXK -16.3%).
    | Apr. 26, 2011, 11:45 AM | 1 Comment
  • Apr. 26, 2011, 10:59 AM
    Conglomerates and capital goods lead an early leg up for equities, with the S&P 500 +0.8% to 1,345. Illinois Tool Works (ITW +6.2%) still running after today's solid beat; also heavy dollar volume in Cummins (CMI +8.4%), Deere (DE +2.6%), Caterpillar (CAT +2.3%).
    | Apr. 26, 2011, 10:59 AM
  • Apr. 26, 2011, 9:05 AM

    Premarket gainers: SMOD +14%. MSPD +8%. REDF +7%. AGCO +7%. UBS +6%. INVE +5%. ITW +6%. CMI +6%. SIFY +5%. CLMS +6%. OCZ +5%. ZSL +4%. AKS +4%. CS +4%. VECO +4%. F +3%. LOCM +3%. IRE +3%. ACI +3%.
    Losers: WIBC -17%. LXK -12%. LWSN -7%. NFLX -5%. TLAB -4%. UA -4%. ETFC -4%. AGQ -4%. GPL -3%. AIG -3%. EXK -3%.

    | Apr. 26, 2011, 9:05 AM
  • Apr. 26, 2011, 7:38 AM
    Cummins (CMI): Q1 EPS of $1.75 beats by $0.31. Revenue of $3.86B (-6.7% Y/Y) beats by $0.26B. Shares +1.65% premarket. (PR)
    | Apr. 26, 2011, 7:38 AM
  • Apr. 26, 2011, 12:05 AM
    Notable earnings before Tuesday's open: ACI, AGCO, AKS, CE, CMI, COH, DAL, ECL, F, HSP, HSY, ITW, KO, LCC, LMT, LO, MHP, MMM, ODP, SNV, TLAB, UPS, VLO, X
    | Apr. 26, 2011, 12:05 AM
Company Description
Cummins, Inc. operates as a diesel engine manufacturing company. It engages in the designing, manufacturing, marketing, distribution and servicing of diesel and natural gas engines, electric power generation systems and engine-related component products, including filtration, exhaust... More
Industry: Diversified Machinery
Country: United States