Analysts expect Kinder Morgan (NYSE:KMI) to post $3.42 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kinder Morgan’s earnings. The lowest sales estimate is $3.36 billion and the highest is $3.48 billion. Kinder Morgan posted sales of $3.37 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.5%. The firm is expected to report its next quarterly earnings results on Wednesday, July 18th.
On average, analysts expect that Kinder Morgan will report full-year sales of $14.41 billion for the current financial year, with estimates ranging from $13.96 billion to $14.89 billion. For the next financial year, analysts anticipate that the firm will report sales of $14.94 billion per share, with estimates ranging from $14.38 billion to $15.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Kinder Morgan.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.56 billion. Kinder Morgan had a net margin of 1.95% and a return on equity of 4.57%. Kinder Morgan’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share.
Several research analysts have weighed in on the stock. Wells Fargo & Co raised shares of Kinder Morgan to a “buy” rating in a research note on Friday, June 29th. ValuEngine raised shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 21st. Sanford C. Bernstein raised shares of Kinder Morgan from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 26th. Raymond James raised shares of Kinder Morgan from a “market perform” rating to an “outperform” rating in a research note on Monday, June 18th. Finally, Bank of America reissued a “buy” rating and issued a $16.17 price objective (down previously from $20.00) on shares of Kinder Morgan in a research note on Thursday, April 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. Kinder Morgan presently has an average rating of “Buy” and a consensus target price of $20.82.
Institutional investors have recently modified their holdings of the stock. CoreCommodity Management LLC purchased a new position in Kinder Morgan in the fourth quarter worth approximately $113,000. Ostrum Asset Management purchased a new position in Kinder Morgan in the first quarter worth approximately $121,000. We Are One Seven LLC purchased a new position in Kinder Morgan in the fourth quarter worth approximately $156,000. Mount Yale Investment Advisors LLC purchased a new position in Kinder Morgan in the first quarter worth approximately $144,000. Finally, Colonial Trust Advisors purchased a new position in Kinder Morgan in the fourth quarter worth approximately $181,000. Institutional investors own 61.50% of the company’s stock.
Kinder Morgan traded down $0.11, hitting $17.58, during mid-day trading on Thursday, MarketBeat reports. 7,753,100 shares of the company were exchanged, compared to its average volume of 15,633,693. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.48 and a quick ratio of 0.40. The firm has a market cap of $39.03 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 1.94 and a beta of 0.65. Kinder Morgan has a 12-month low of $14.69 and a 12-month high of $21.25.
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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