What to know about Cummins Inc. (CMI)’s sales and margins

Cummins Inc. [CMI] stock is trading at $210.96, up 0.20%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CMI shares have lost -1.72% over the last week, with a monthly amount drifted -7.40%, and not seem to be holding up well over a long-time horizon.

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On 25, May 2023, Atmus Filtration Technologies Announces Pricing of Initial Public Offering. In a post published today on Yahoo Finance, Atmus Filtration Technologies Inc. (Atmus), the Filtration business unit of Cummins Inc. (Cummins; NYSE: CMI), today announced the pricing of its initial public offering (IPO) of 14,124,409 shares of its common stock owned by Cummins at a price to the public of $19.50 per share. The shares are expected to begin trading on the New York Stock Exchange (NYSE) on May 26, 2023 under the ticker symbol “ATMU.” Atmus is not selling any shares and will not receive any proceeds from the sale of shares in the offering. The offering is expected to close on May 30, 2023, subject to customary closing conditions.

From an analyst’s perspective:

Cummins Inc. [CMI] stock has fluctuated between $184.27 and $261.91 over the past year. Currently, Wall Street analysts expect the stock to reach $256.53 within the next 12 months. Cummins Inc. [NYSE: CMI] shares were valued at $210.96 at the most recent close of the market. An investor can expect a potential return of 21.6% based on the average CMI price forecast.

Analyzing the CMI fundamentals

In the same period, the company’s revenue per employee was $381,440, whereas its income per employee was $29,226. Gross Margin for this corporation currently stands at +23.68% with Operating Margin at +9.56%, Pretax Margin comes in at +10.04%, and Net Margin reading is +7.66%. To continue investigating profitability, this company’s Return on Assets is posted at 7.97, Equity is 24.65, Total Capital is 16.47, and Invested Capital is 16.41. An extended look at the Principal structure reveals enduring liabilities to the total capital of 48.21 and enduring liabilities to assets of 27.58.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 208.81 points at the first support level, and at 206.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 212.94, and for the 2nd resistance point, it is at 214.91.

Cummins Inc. [CMI] reported earnings per share of $5.55 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.75/share, meaning a difference of $0.8 and a surprise factor of 16.80%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $4.43 per share as compared to estimates of $4.5 per share, a difference of -$0.07 representing a surprise of -1.60%.

Ratios To Look Out For

For context, Cummins Inc.’s Current Ratio is 1.30. Further, the Quick Ratio stands at 0.77, while the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 3.81 and the P/E (TTM) ratio is 11.89.

Transactions by insiders

Insider trading, which has resulted in 22 insider purchases of 49,439 shares and 24 insider sales of 19,371 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Fier Walter J, VP – Chief Technical Officer, that happened on Feb 22 when 3307.0 shares were sold. VP – Chief Administrative Off., Barner Sharon R completed a deal on Feb 17 to sell 5929.0 shares. Meanwhile, VP – Chief Administrative Off. Barner Sharon R sold 5540.0 shares on Feb 15.