Equities research analysts expect Kinder Morgan (NYSE:KMI) to announce earnings per share of $0.20 for the current quarter, Zacks reports. Three analysts have made estimates for Kinder Morgan’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.18. Kinder Morgan reported earnings per share of $0.17 in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The business is expected to announce its next earnings results on Wednesday, April 18th.
On average, analysts expect that Kinder Morgan will report full year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.77 to $0.95. For the next financial year, analysts forecast that the business will report earnings of $0.94 per share, with EPS estimates ranging from $0.85 to $1.05. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Kinder Morgan.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS.
Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Monday, February 12th. Bank of America upgraded Kinder Morgan from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $15.61 to $20.00 in a report on Wednesday. Zacks Investment Research cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo restated a “market perform” rating on shares of Kinder Morgan in a report on Thursday, January 11th. Finally, ValuEngine cut Kinder Morgan from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.37.
Shares of KMI stock traded down $0.55 during trading on Thursday, hitting $15.36. The stock had a trading volume of 18,752,594 shares, compared to its average volume of 17,086,611. The firm has a market cap of $34,436.70, a PE ratio of 1,536.00, a P/E/G ratio of 1.59 and a beta of 0.62. Kinder Morgan has a fifty-two week low of $15.07 and a fifty-two week high of $21.92. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 1.00.
In other Kinder Morgan news, Director William A. Smith acquired 5,500 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were purchased at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the acquisition, the director now owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 13.99% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. lifted its holdings in Kinder Morgan by 1.1% in the third quarter. Macquarie Group Ltd. now owns 6,676,184 shares of the pipeline company’s stock valued at $128,049,000 after acquiring an additional 71,980 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Kinder Morgan by 4.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 6,594,487 shares of the pipeline company’s stock valued at $126,483,000 after purchasing an additional 268,913 shares during the period. Mutual Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $224,000. Claar Advisors LLC raised its position in Kinder Morgan by 3,026.4% in the third quarter. Claar Advisors LLC now owns 541,967 shares of the pipeline company’s stock valued at $10,395,000 after purchasing an additional 524,632 shares during the period. Finally, Ferris Capital LLC raised its position in Kinder Morgan by 30.7% in the fourth quarter. Ferris Capital LLC now owns 22,583 shares of the pipeline company’s stock valued at $408,000 after purchasing an additional 5,299 shares during the period. Hedge funds and other institutional investors own 62.55% of the company’s stock.
About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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