Analysts Expect Kinder Morgan, Inc. (NYSE:KMI) to Announce $0.23 Earnings Per Share


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Brokerages expect that Kinder Morgan, Inc. (NYSE:KMI) will report $0.23 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Kinder Morgan’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.20. Kinder Morgan reported earnings per share of $0.24 during the same quarter last year, which indicates a negative year over year growth rate of 4.2%. The business is scheduled to report its next earnings report on Wednesday, April 28th.

On average, analysts expect that Kinder Morgan will report full year earnings of $0.91 per share for the current year, with EPS estimates ranging from $0.82 to $1.01. For the next fiscal year, analysts anticipate that the business will report earnings of $0.92 per share, with EPS estimates ranging from $0.79 to $1.04. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Kinder Morgan.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Tuesday, January 19th. The pipeline company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.06 billion. Kinder Morgan had a return on equity of 6.07% and a net margin of 1.02%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS.

Several brokerages recently weighed in on KMI. Tudor Pickering downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, January 8th. Raymond James cut Kinder Morgan from an “outperform” rating to a “market perform” rating in a report on Monday, January 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on Kinder Morgan in a report on Thursday, December 3rd. They issued an “outperform” rating for the company. Credit Suisse Group cut Kinder Morgan from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Thursday, December 17th. Finally, Wells Fargo & Company lowered Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $17.00 price target for the company. in a research report on Monday, November 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $16.53.

Shares of KMI traded up $0.12 during midday trading on Tuesday, hitting $15.29. 19,570,170 shares of the stock traded hands, compared to its average volume of 18,053,359. The business’s 50 day moving average price is $14.77 and its two-hundred day moving average price is $13.79. The firm has a market capitalization of $34.62 billion, a PE ratio of 305.80, a price-to-earnings-growth ratio of 5.61 and a beta of 0.98. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.54 and a current ratio of 0.61. Kinder Morgan has a 1-year low of $9.42 and a 1-year high of $22.02.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Monday, February 1st were issued a $0.2625 dividend. The ex-dividend date was Friday, January 29th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 6.87%. Kinder Morgan’s payout ratio is currently 110.53%.

A number of large investors have recently modified their holdings of KMI. CWA Asset Management Group LLC lifted its position in shares of Kinder Morgan by 72.7% during the 4th quarter. CWA Asset Management Group LLC now owns 17,327 shares of the pipeline company’s stock valued at $237,000 after acquiring an additional 7,295 shares during the last quarter. UBS Oconnor LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $1,914,000. UMA Financial Services Inc. purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $181,000. National Pension Service boosted its position in shares of Kinder Morgan by 5.2% in the 4th quarter. National Pension Service now owns 3,101,789 shares of the pipeline company’s stock valued at $42,401,000 after purchasing an additional 154,450 shares during the period. Finally, Verition Fund Management LLC boosted its position in shares of Kinder Morgan by 41.0% in the 4th quarter. Verition Fund Management LLC now owns 15,193 shares of the pipeline company’s stock valued at $208,000 after purchasing an additional 4,419 shares during the period. Hedge funds and other institutional investors own 60.02% of the company’s stock.

About Kinder Morgan

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 underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.

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Earnings History and Estimates for Kinder Morgan (NYSE:KMI)

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