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Cummins Inc. (CMI)

  • Oct. 16, 2012, 10:41 AM
    Cummins (CMI) declares $0.50/share quarterly dividend, in line with previous. Forward yield 2.22%. For shareholders of record Nov 23. Payable Dec 03. Ex-div date Nov 21. (PR)
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  • Oct. 11, 2012, 10:30 AM
    Cummins' (CMI -0.7%) stock stalled yesterday after an earnings warning, but Barron's expects it to rev up again. H2 revenue could fall 15% Y/Y, but the shares look like a good deal: Based on the lowest earnings estimate among more than 20 analysts who cover the stock, shares trade at 9x 2012 earnings and 10x 2013 earnings.
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  • Oct. 10, 2012, 8:19 AM
    Cummins (CMI) -3.7% premarket following its sales warning last night. Deja vu all over again, this warning is nearly identical to the one given 3 months ago to the day. Shares cratered then, but were quickly back on the rise and soared the day (July 31) of the earnings release. Will history continue to repeat (earnings set for Oct. 30)?
  • Oct. 9, 2012, 5:52 PM
    Shares of several heavy equipment makers are sliding on weak guidance from Cummins (CMI -4.8% AH): CAT -1.8%, DE -0.9%, ETN -1.9%, ITW -0.2%, NAV -3.1%, PCAR -3.2% AH.
  • Oct. 9, 2012, 5:27 PM
    Cummins (CMI) -6.2% AH after issuing downside guidance for Q3 and FY12, citing weak demand. For Q3, CMI expects revenues of $4.1B vs. $4.42B analyst consensus. FY12 revenue outlook is cut to ~$17B vs. prior guidance of $18B and $18.13B consensus. EBIT is seen at ~13.5% for the year vs. prior guidance of 14.25%-14.75%.
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  • Aug. 2, 2012, 10:33 AM
    Cummins (CMI +4.2%) shares rise on news of an expanded relationship with Navistar (NAV -6.5%), agreeing to supply its aftertreatment system to NAV's ICT+ clean engine solution. NAV will offer CMI's ISX15 engine in certain models, expanding its vehicle lineup and on-highway market opportunity.
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  • Jul. 31, 2012, 3:36 PM
    Investors are undaunted by the 7% drop in Q2 earnings at Cummins (CMI +6%) just weeks after the cut to its full-year revenue outlook. S&P Capital IQ added $0.25 to CMI's 2012 profit target, saying that, "despite lower revenues, CMI did a good job improving gross margins on price improvement, mix and manufacturing efficiencies," and should see strength "when revenue trends improve."
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  • Jul. 31, 2012, 10:37 AM
    Cummins (CMI +7%) conference call: The exact opposite of Caterpillar's "hope," the company expects no improvement in Chinese demand in H2 as government stimulus efforts to this point have been light (h/t firstadopter). Cummins earns just 6% of its revenues from China, but sales there more than doubled (presentation) from 2009-2011, and are now expected to fall about 10% this year. (earnings)
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  • Jul. 31, 2012, 7:53 AM
    More on Cummins (CMI): This is the first news from the company since its slashing of guidance on July 10 caused a brief quake in the market. Engine segment sales -2% Y/Y, with improved North American construction demand offsetting lower sales to China, Brazil, and N.A. energy markets. Shares +2.8% premarket. The conference call at 10 ET should be a good one. (PR)
  • Jul. 31, 2012, 7:33 AM
    Cummins (CMI): Q2 EPS of $2.47 beats by $0.20. Revenue of $4.45B (-4% Y/Y). Shares +1.8% premarket. (PR)
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  • Jul. 31, 2012, 12:05 AM
    Notable earnings before Tuesday’s open: ADM, AET, BP, CIE, CMI, COH, DB, DISCA, DLPH, ECL, ETR, FWLT, GT, HCP, LPX, LQDT, MPC, NI, PEG, PFE, TIE, TRI, TRW, TYC, UBS, VLO, VSH, X, YNDX
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  • Jul. 30, 2012, 5:30 PM
    Notable earnings before Tuesday’s open: ADM, AET, BP, CIE, CMI, COH, DB, DISCA, DLPH, ECL, ETR, FWLT, GT, HCP, LPX, LQDT, MPC, NI, PEG, PFE, TIE, TRI, TRW, TYC, UBS, VLO, VSH, X, YNDX
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  • Jul. 10, 2012, 2:42 PM
    Caterpillar (CAT -4.6%) leads the DJIA lower (-0.8%) after Cummins slashes its 2012 outlook. Joy Global (JOY -6%) tumbles as well. The XLI -1.8%. More from Cummins (CMI): "Order trends in the U.S. for trucks and power generation equipment have softened and demand in Brazil, China, and India is not improving." Ouch.
  • Jul. 10, 2012, 2:02 PM
    Cummins (CMI): Declares $0.50/share quarterly dividend, 25% increase from prior dividend of $0.40. Dividend yield 2.1%. For shareholders of record Aug 22; payable Sep 01; ex-div date Aug 20. (PR)
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  • Jul. 10, 2012, 1:49 PM
    Cummins (CMI) -4.4% after it cutting its full-year revenue outlook for 2012 to be in line with 2011's $18.05B vs. previous guidance for an increase of 10%. Analyst expect $19.84B. The firm also forecasts Q2 revenues of $4.45B vs. $4.64B last year and consensus of $5.07B. More positively, Cummins raises its quarterly dividend to $0.50 a share from $0.40. (PR)
  • Jul. 6, 2012, 7:03 AM
    Shares of Navistar (NAV) could be in for a wild ride today with an operational update from the company planned for 9:00 AM EST. Analysts don't have a firm handle on what the company is planning to announce, but tip off that deals with either Cummins (CMI) or Oshkosk (OSK) could be in the mix. (webcast)
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Company Description
Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products.