Analysts Expect Kinder Morgan Inc (KMI) to Announce $0.24 EPS

Analysts predict that Kinder Morgan Inc (NYSE:KMI) will post $0.24 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Kinder Morgan’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.26. Kinder Morgan reported earnings per share of $0.21 during the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The company is expected to issue its next quarterly earnings results on Wednesday, January 16th.

According to Zacks, analysts expect that Kinder Morgan will report full-year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.85 to $0.90. For the next financial year, analysts forecast that the business will post earnings of $0.99 per share, with EPS estimates ranging from $0.90 to $1.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Kinder Morgan.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Kinder Morgan had a return on equity of 5.51% and a net margin of 0.78%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year.

KMI has been the topic of several research reports. Barclays set a $21.00 price target on Kinder Morgan and gave the company a “buy” rating in a research note on Friday, October 12th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Goldman Sachs Group began coverage on Kinder Morgan in a research note on Monday, October 8th. They set a “conviction-buy” rating and a $24.00 price target on the stock. Credit Suisse Group began coverage on Kinder Morgan in a report on Thursday, October 11th. They set an “outperform” rating and a $23.00 price objective on the stock. Finally, ValuEngine raised Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $20.73.

In related news, insider Richard D. Kinder acquired 500,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were bought at an average cost of $17.55 per share, with a total value of $8,775,000.00. Following the completion of the acquisition, the insider now owns 235,212,353 shares of the company’s stock, valued at $4,127,976,795.15. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 14.16% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in KMI. Flagship Harbor Advisors LLC acquired a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $110,000. Westbourne Investment Advisors Inc. acquired a new position in shares of Kinder Morgan in the 3rd quarter worth approximately $117,000. Blue Chip Partners Inc. acquired a new position in shares of Kinder Morgan in the 3rd quarter worth approximately $128,000. Landaas & Co. WI ADV acquired a new position in Kinder Morgan during the 2nd quarter worth $133,000. Finally, First Hawaiian Bank acquired a new position in Kinder Morgan during the 3rd quarter worth $164,000. 60.43% of the stock is currently owned by institutional investors and hedge funds.

KMI traded up $0.26 on Wednesday, hitting $17.02. 19,927,752 shares of the stock traded hands, compared to its average volume of 14,640,849. Kinder Morgan has a 52 week low of $14.69 and a 52 week high of $19.83. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $36.60 billion, a price-to-earnings ratio of 25.79, a P/E/G ratio of 2.23 and a beta of 0.73.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Tuesday, October 30th. Kinder Morgan’s payout ratio is 121.21%.

Kinder Morgan Company Profile

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

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