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Cummins Inc. (CMI)

- NYSE
  • 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)
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  • 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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  • Jun. 29, 2012, 12:25 PM
    More drama with Navistar (NAV): After OTR Global kicked up enthusiasm by saying that the company may offer Cummins (CMI +4.1%) engines, a Navistar spokeswoman seemed to deflate the idea a bit by calling it "speculation" as she declined further comment. Shares are still up 11.5%, with M&A chatter remaining a major backdrop.
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  • Jun. 19, 2012, 3:26 PM
    Cummins (CMI +2.8%) holds on to gains despite cautious comments out of Credit Suisse earlier today. The firm says the stock will likely be choppy given macro concerns, but it expects the company to outgrow its core markets longer term. The company reiterates its Outperform rating, but lowers its price target to $136 from $146.
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  • Jun. 12, 2012, 12:41 PM
    The selloff in Navistar (NAV -11.5%) gathers steam after a federal appeals court vacates an EPA rule that would have allowed the company to sell heavy-duty diesel truck engines that fail to meet the latest pollution standards for engine exhaust. The ruling was a big win for NAV's competitors, who initially filed the suit: Cummins (CMI +2.3%), Volvo AB (VOLVY.PK +1.2%) and Daimler AG (DDAIY.PK +0.2%).
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  • Jun. 7, 2012, 12:58 PM
    Cummins' (CMI +2.5%) power generation unit says its entire stationary diesel generator set range from 680-2750 kw will be ready to meet stringent EPA regulations for the North American market. CMI will begin shipment of Tier 4 interim certified generator sets beginning in Q3.
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  • Jun. 4, 2012, 10:51 AM
    Cummins (CMI -2.3%) takes a hit on a Wells Fargo downgrade to Market Perform, citing macroeconomic uncertainty and expectations for NAFTA truck industry production cuts. The firm lowers its price target range to $100 - $103 from $132 - $135.
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  • May. 24, 2012, 10:58 AM
    Never before has the price gap between natural gas and diesel been so large, making trucks powered by natural gas an alluring option for company fleets. Examples: Waste Management (WM) says 80% of its truck purchases in coming years will be fueled by nat gas, and Ryder (R) is expanding its program of renting out nat gas trucks and is introducing them in clusters it operates for big retailers.
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  • May. 1, 2012, 8:37 AM
    More on Cummins (CMI -1.8%) Q1: Net profit +33% to $455M, boosted by robust North American truck and construction markets, and growth at its worldwide mining ops. Revenue breakdown: engines +20% to $2.9B, components +19% to $1.1B; power generation -2%, distribution +21%. Affirms 2012 EBIT guidance of almost $3B vs. $2.56B in 2011.
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  • May. 1, 2012, 7:46 AM
    Cummins (CMI): Q1 EPS of $2.38 beats by $0.18. Revenue of $4.47B (+15.9% Y/Y) in-line. (PR)
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  • May. 1, 2012, 12:05 AM
    Notable earnings before Tuesday’s open: ACI, ADM, ADP, AGCO, AMG, ARW, AVP, BDX, BIIB, BP, CCJ, CIE, CMI, DPZ, ECL, EMR, ENDP, FE, FWLT, HCP, HRS, HSP, HUN, LM, MLM, MMC, NI, PFE, PLD, SIRI, TLM, TRI, TRW, VLO, VPHM, WEC
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  • Apr. 30, 2012, 5:30 PM
    Notable earnings before Tuesday’s open: ACI, ADM, ADP, AGCO, AMG, ARW, AVP, BDX, BIIB, BP, CCJ, CIE, CMI, DPZ, ECL, EMR, ENDP, FE, FWLT, HCP, HRS, HSP, HUN, LM, MLM, MMC, NI, PFE, PLD, SIRI , TLM, TRI, TRW, VLO, VPHM, WEC
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  • Mar. 20, 2012, 10:59 AM
    Caterpillar (CAT -2.2%) is the Dow's top loser as renewed concerns about China's economic growth sparks a decline in shares of U.S. industrial companies (XLI -1.4%), and as CAT says its sales are rising in each of the world's regions but at a lower rate than in past months. Among other top industrials: JOYG -4.7%, CMI -4.1%.
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  • Feb. 2, 2012, 9:00 AM
    Premarket gainers: GMCR +21%. CEDC +21%. MTSN +15%. OMEX +10%. GPS +8%. CNQR +6%. EA +6%. CDNS +6%. QCOM +5%. ELGX +5%. GFA +5%. AUO +4%. KSS +4%. ZNGA +4%. IRE +4%. CMI +3%. K +3%. CPST +3%. JDSU +3%. MA +3%. RENN +3%.
    Losers: SD -13%. ANF -12%. ANN -10%. NG -9%. BSX -6%. CI -6%. RCL -6%. UN -5%. MPW +4%. VIA -4%. UL -4%. CHKM -4%. SNE -4%. PCX -4%. PHM -3%. DOW -3%. ANZ -3%. CUK -3%. CCL -3%. NBG -3%.
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  • Feb. 2, 2012, 7:35 AM
    Cummins (CMI): Q4 EPS of $2.56 beats by $0.30. Revenue of $4.92B (+36% Y/Y) beats by $210M. (PR)
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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.