As per Cummins Inc. (NYSE:CMI) statement on 2016-07-15, it will disburse $1.025 per share of payout. This dividend’s record date is 2016-08-22, the payout date is 2016-09-01 and the ex-dividend date is 2016-08-18.
In FY2015 Cummins Inc. (NYSE:CMI) disbursed dividend of $1.025. A year ago, it was $1.025, showing a difference of 24.911 percent. The mean dividend, as got by record of earlier 5 years, is $1.025, implying growth of 32.0261 percent.
For the period ended on 2015-12-31, Cummins Inc. (NYSE:CMI)’s earnings came at $2.4 per share against EPS of $2.14 a year ago. Investors can get an idea of the future performance for quarter ending 2016-09-30 on or around 2016-11-01. The EPS estimate is $1.92. Investors weigh stock movement grounded on the earnings performance.
The provisional price target for Cummins Inc. (NYSE:CMI) is set at $117.733, a consensus price view of 15 calls.
Mean projections of quarterly figures are dispensed for current quarter, the following quarter and correspondingly for practically eight quarters. Projections are offered subsequent the first few months. Estimates are likewise set for the afterward and present fiscal.
A mean prediction for this fiscal EPS is discovered once actual income for the gone year is known. As market knows actual numbers, experts update earnings predictions within the fiscal or quarter they are envisioning.
Even the sophisticated investor units such as pension fund hinge comprehensively on consensus predictions. Many shareholders do not possess adequate means to scrutinize performance of publicly-listed organizations. As a consequence, it turns out to be suitable for the retail as well established shareholders to keep checks on the business’s performance they are inclined to for making investment.
Cummins Inc. (NYSE:CMI) high estimate is seen at $150 and the lowest level estimate is $95. This wide-ranging range of estimates indicate standard deviation of $16.192 in conveyed estimates. Shareholders can go for financing in the stock when it is near to consensus price.
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