CMI Stock Recent News

For 2024, engine maker Cummins expects to generate sales of about $30 billion, short of the $33.2 billion Wall Street had expected.

The Zacks Consensus Estimate for Cummins' (CMI) Q4 earnings per share and revenues is pegged at $4.41 and $8.08 billion, respectively.

In the closing of the recent trading day, Cummins (CMI) stood at $242.97, denoting a +1.53% change from the preceding trading day.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Cummins (CMI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

In the most recent trading session, Cummins (CMI) closed at $240.63, indicating a +0.75% shift from the previous trading day.

Cummins (CMI), Daimler, and PACCAR (PACCAR) choose Mississippi for their battery JV. Battery cell production at the factory is set to begin in 2027.

In the closing of the recent trading day, Cummins (CMI) stood at $229.21, denoting a -1.71% change from the preceding trading day.

BofA analyst Michael Feniger downgraded Cummins stock to Sell from Hold and cut his target price to $225 from $243.

Cummins Inc (NYSE:CMI) agreed on Wednesday to a record-setting fine of $1.675 billion in the settlement of a lawsuit filed by the US Justice Department and California, which charged the truck engine maker with installing devices designed to cheat emissions control, Reuters reported.   The lawsuit alleged that Cummins installed "defeat devices" to bypass or disable emissions controls such as emission sensors and onboard computers.

DETROIT — Engine maker Cummins Inc. will recall 600,000 Ram trucks as part of a settlement with federal and California authorities that also requires the company to remedy environmental damage caused by illegal software that let it skirt diesel-emissions tests.