Kinder Morgan (KMI) Expected to Post Earnings of $0.21 Per Share

Wall Street analysts predict that Kinder Morgan (NYSE:KMI) will report earnings per share of $0.21 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Kinder Morgan’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.23. Kinder Morgan posted earnings per share of $0.17 in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.5%. The firm is scheduled to report its next earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that Kinder Morgan will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.77 to $0.95. For the next financial year, analysts expect that the company will post earnings of $0.94 per share, with EPS estimates ranging from $0.84 to $1.05. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Kinder Morgan.

How to Become a New Pot Stock Millionaire

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS.

A number of brokerages recently issued reports on KMI. JPMorgan Chase reduced their target price on Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Monday, February 12th. Wells Fargo restated a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Bank of America began coverage on Kinder Morgan in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. ValuEngine lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.37.

KMI stock traded down $0.33 during midday trading on Friday, reaching $15.17. The stock had a trading volume of 5,301,721 shares, compared to its average volume of 16,892,512. The firm has a market capitalization of $33,443.97, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.54 and a beta of 0.64. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.37. Kinder Morgan has a 52-week low of $14.69 and a 52-week high of $21.85.

In other news, Director William A. Smith purchased 5,500 shares of Kinder Morgan stock in a transaction dated Monday, January 22nd. The shares were purchased at an average price of $19.52 per share, with a total value of $107,360.00. Following the transaction, the director now owns 14,587 shares in the company, valued at $284,738.24. The purchase was disclosed in a document filed with the SEC, which is available through this link. 13.99% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Colonial Trust Advisors purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $181,000. Xact Kapitalforvaltning AB raised its position in shares of Kinder Morgan by 13.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 198,778 shares of the pipeline company’s stock valued at $3,592,000 after buying an additional 23,890 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Kinder Morgan by 47.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 344,957 shares of the pipeline company’s stock valued at $6,233,000 after buying an additional 110,681 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Kinder Morgan by 1.9% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,122,716 shares of the pipeline company’s stock valued at $20,287,000 after buying an additional 21,214 shares during the period. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $401,000. 62.57% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Kinder Morgan (KMI) Expected to Post Earnings of $0.21 Per Share” was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3335836/kinder-morgan-kmi-expected-to-post-earnings-of-0-21-per-share.html.

Kinder Morgan Company Profile

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.

Get a free copy of the Zacks research report on Kinder Morgan (KMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.

Latest News

Reviewing SSAB Svenskt Stal  and Haynes International
Reviewing SSAB Svenskt Stal and Haynes International
Head-To-Head Comparison: Minerals Technologies  & Luxfer
Head-To-Head Comparison: Minerals Technologies & Luxfer
Enova International  versus Credit Acceptance  Head to Head Contrast
Enova International versus Credit Acceptance Head to Head Contrast
Critical Analysis: Yandex  and Its Competitors
Critical Analysis: Yandex and Its Competitors
ClearPoll Market Cap Achieves $8.14 Million
ClearPoll Market Cap Achieves $8.14 Million
CRTCoin  Price Hits $0.40 on Top Exchanges
CRTCoin Price Hits $0.40 on Top Exchanges


© 2006-2018 Ticker Report. Google+.