Brokerages forecast that Kinder Morgan (NYSE:KMI) will post $0.19 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kinder Morgan’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.16. Kinder Morgan reported earnings of $0.14 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 35.7%. The business is expected to report its next quarterly earnings report on Wednesday, July 18th.
On average, analysts expect that Kinder Morgan will report full year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $0.95. For the next year, analysts anticipate that the firm will post earnings of $0.95 per share, with EPS estimates ranging from $0.86 to $1.04. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Kinder Morgan.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 18th. The pipeline company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.56 billion. Kinder Morgan had a net margin of 1.95% and a return on equity of 4.57%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 earnings per share.
A number of analysts recently issued reports on KMI shares. Citigroup upgraded shares of Kinder Morgan from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 27th. ValuEngine lowered shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, March 13th. Bank of America upgraded shares of Kinder Morgan from a “neutral” rating to a “buy” rating and raised their target price for the stock from $15.61 to $20.00 in a research report on Wednesday, March 21st. Finally, Morgan Stanley decreased their target price on shares of Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. Kinder Morgan currently has a consensus rating of “Buy” and an average price target of $21.32.
Kinder Morgan traded up $0.01, reaching $15.89, during mid-day trading on Tuesday, according to MarketBeat.com. 17,521,996 shares of the stock were exchanged, compared to its average volume of 13,595,938. Kinder Morgan has a 1-year low of $14.69 and a 1-year high of $21.25. The firm has a market cap of $35.05 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.40 and a current ratio of 0.48.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date was Friday, April 27th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.13. Kinder Morgan’s dividend payout ratio (DPR) is currently 121.21%.
Institutional investors have recently added to or reduced their stakes in the stock. CoreCommodity Management LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $113,000. Ostrum Asset Management acquired a new position in Kinder Morgan during the 1st quarter worth $121,000. Cerebellum GP LLC acquired a new position in Kinder Morgan during the 4th quarter worth $126,000. Goodman Financial Corp acquired a new position in Kinder Morgan during the 4th quarter worth $126,000. Finally, Landaas & Co. WI ADV grew its holdings in Kinder Morgan by 5,457.0% during the 4th quarter. Landaas & Co. WI ADV now owns 7,502 shares of the pipeline company’s stock worth $136,000 after acquiring an additional 7,367 shares in the last quarter. 61.82% of the stock is currently owned by hedge funds and other institutional investors.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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