Brokerages predict that Kinder Morgan Inc (NYSE:KMI) will announce earnings per share (EPS) of $0.22 for the current quarter, Zacks reports. Three analysts have made estimates for Kinder Morgan’s earnings, with estimates ranging from $0.18 to $0.25. Kinder Morgan reported earnings per share of $0.21 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The firm is expected to announce its next earnings report on Wednesday, October 16th.
According to Zacks, analysts expect that Kinder Morgan will report full year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $1.00. For the next year, analysts anticipate that the business will post earnings of $1.01 per share, with EPS estimates ranging from $0.90 to $1.09. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Kinder Morgan.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 6.2% compared to the same quarter last year.
Several brokerages have recently weighed in on KMI. Scotiabank began coverage on Kinder Morgan in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price target on the stock. Argus downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Zacks Investment Research reiterated a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a report on Saturday, June 29th. ValuEngine downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.91.
Shares of NYSE KMI traded up $0.23 during midday trading on Tuesday, hitting $20.92. The company’s stock had a trading volume of 13,773,608 shares, compared to its average volume of 11,767,574. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $20.27 and its two-hundred day moving average is $20.28. Kinder Morgan has a 12-month low of $14.62 and a 12-month high of $21.50. The firm has a market cap of $46.84 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 4.33 and a beta of 0.82.
In other Kinder Morgan news, VP Dax Sanders sold 71,944 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the sale, the vice president now owns 204,605 shares of the company’s stock, valued at approximately $4,102,330.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard D. Kinder bought 300,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $19.76 per share, for a total transaction of $5,928,000.00. Following the transaction, the insider now directly owns 241,879,496 shares in the company, valued at approximately $4,779,538,840.96. The disclosure for this purchase can be found here. Insiders have acquired a total of 705,000 shares of company stock worth $14,007,550 over the last 90 days. 13.95% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Citizens Financial Group Inc RI boosted its position in Kinder Morgan by 119.2% during the 1st quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 683 shares in the last quarter. AlphaMark Advisors LLC boosted its position in shares of Kinder Morgan by 106.7% in the 1st quarter. AlphaMark Advisors LLC now owns 1,550 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 800 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in shares of Kinder Morgan in the 2nd quarter worth $32,000. Weaver Consulting Group acquired a new stake in shares of Kinder Morgan in the 1st quarter worth $33,000. Finally, River & Mercantile Asset Management LLP acquired a new stake in shares of Kinder Morgan in the 2nd quarter worth $33,000. 61.74% of the stock is currently owned by institutional investors and hedge funds.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 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.
Featured Story: Risk Tolerance
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.