Brokerages expect Kinder Morgan (NYSE:KMI) to announce $3.44 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Kinder Morgan’s earnings, with estimates ranging from $3.38 billion to $3.50 billion. Kinder Morgan reported sales of $3.37 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.1%. The firm is expected to issue its next quarterly earnings report on Wednesday, July 18th.
According to Zacks, analysts expect that Kinder Morgan will report full year sales of $14.43 billion for the current financial year, with estimates ranging from $14.05 billion to $15.02 billion. For the next financial year, analysts forecast that the business will report sales of $15.06 billion per share, with estimates ranging from $14.74 billion to $15.61 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Kinder Morgan.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $0.17 earnings per share.
A number of research analysts have issued reports on the company. Credit Suisse Group assumed coverage on Kinder Morgan in a report on Thursday, January 4th. They set an “outperform” rating and a $23.00 price objective for the company. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Wells Fargo reissued a “market perform” rating on shares of Kinder Morgan in a report on Thursday, January 11th. Bank of America assumed coverage on Kinder Morgan in a report on Tuesday, January 9th. They set a “neutral” rating for the company. Finally, Argus raised Kinder Morgan from a “hold” rating to a “buy” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.60.
Shares of NYSE KMI opened at $16.54 on Friday. The firm has a market cap of $35,341.19, a price-to-earnings ratio of 25.06, a P/E/G ratio of 1.76 and a beta of 0.64. Kinder Morgan has a 52-week low of $14.69 and a 52-week high of $21.25. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.37.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, April 27th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.13. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.84%. Kinder Morgan’s dividend payout ratio (DPR) is 75.76%.
In other news, Director William A. Smith acquired 5,500 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was purchased at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the transaction, the director now directly owns 14,587 shares in the company, valued at $284,738.24. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 14.16% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. CoreCommodity Management LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $113,000. Sit Investment Associates Inc. increased its position in Kinder Morgan by 237.1% in the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 4,730 shares during the period. Cerebellum GP LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $126,000. Goodman Financial Corp acquired a new stake in Kinder Morgan in the fourth quarter worth about $126,000. Finally, Landaas & Co. WI ADV increased its position in Kinder Morgan by 5,457.0% in the fourth quarter. Landaas & Co. WI ADV now owns 7,502 shares of the pipeline company’s stock worth $136,000 after purchasing an additional 7,367 shares during the period. Hedge funds and other institutional investors own 62.60% of the company’s stock.
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About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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.
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