Cummins Inc. (CMI) is a Zacks #1 Rank stock that trades at 26.6x 2010 consensus estimates and 16.1x 2011 consensus estimates.
Additionally, analysts estimate that Cummins will grow its earnings per share 1.4% in 2010, 66.1% in 2011, and 12.0% per year for the next three to five years.
The stock also offers a dividend yield of 1.1%.
Company Description
Cummins Inc. is one of the leading worldwide designers and manufacturers of diesel engines. The company also produces natural gas engines and engine components and subsystems. Cummins provides power and components for a wide variety of equipment in its key businesses: engine, power generation, and filtration.
Recent Results
Sales increased 3.0% to $3.4 billion. Cummins reported earnings per share of $1.37, easily topping the Zacks Consensus Estimate of $0.74. That marked the fourth time in the last five quarters Cummins has beaten the Zacks Consensus Estimate. Its average beat has been 48%.
Cummins is scheduled to report first-quarter results on April 27.
Estimates Are Trending Higher
In the last month, the Zacks Consensus Estimate for 2010 is up 3 cents, or 1.2%, to $2.53, while the Zacks Consensus Estimate for 2011 is up 9 cents, or 2.2%, to $4.19.
Read the March 24 commentary on Cummins Inc.
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