Analysts expect Kinder Morgan (NYSE:KMI) to announce sales of $3.48 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kinder Morgan’s earnings, with the highest sales estimate coming in at $3.52 billion and the lowest estimate coming in at $3.46 billion. Kinder Morgan posted sales of $3.42 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.8%. The company is expected to announce its next earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that Kinder Morgan will report full year sales of $3.48 billion for the current fiscal year, with estimates ranging from $13.85 billion to $15.02 billion. For the next fiscal year, analysts expect that the company will post sales of $14.73 billion per share, with estimates ranging from $13.89 billion to $15.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Kinder Morgan.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the business earned $0.08 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis.
In other news, Director William A. Smith bought 5,500 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were bought at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the purchase, the director now owns 14,587 shares in the company, valued at $284,738.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.99% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC purchased a new stake in Kinder Morgan during the 3rd quarter valued at approximately $104,000. CoreCommodity Management LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at approximately $113,000. Sit Investment Associates Inc. grew its holdings in Kinder Morgan by 237.1% during the 4th quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock valued at $122,000 after buying an additional 4,730 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at approximately $126,000. Finally, Goodman Financial Corp purchased a new stake in Kinder Morgan during the 4th quarter valued at approximately $126,000. 62.57% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:KMI traded down $0.33 during trading on Tuesday, hitting $15.17. The company’s stock had a trading volume of 10,589,112 shares, compared to its average volume of 18,525,012. Kinder Morgan has a 12 month low of $14.69 and a 12 month high of $21.85. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $33,466.04, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.54 and a beta of 0.64.
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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.
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