Zacks: Brokerages Anticipate Kinder Morgan, Inc. (KMI) Will Post Earnings of $0.17 Per Share
Brokerages forecast that Kinder Morgan, Inc. (NYSE:KMI) will report earnings of $0.17 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kinder Morgan’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.19. Kinder Morgan reported earnings of $0.19 per share in the same quarter last year, which indicates a negative year over year growth rate of 10.5%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, January 17th.
On average, analysts expect that Kinder Morgan will report full-year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.67. For the next year, analysts forecast that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.62 to $0.83. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Kinder Morgan.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. Kinder Morgan’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) earnings per share.
Shares of Kinder Morgan (NYSE KMI) opened at $17.41 on Friday. The stock has a market capitalization of $38,478.72, a P/E ratio of 26.51, a PEG ratio of 1.34 and a beta of 0.62. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. Kinder Morgan has a 1 year low of $16.68 and a 1 year high of $23.01.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Monday, October 30th. Kinder Morgan’s dividend payout ratio is currently 89.29%.
Institutional investors have recently bought and sold shares of the business. CI Investments Inc. boosted its stake in Kinder Morgan by 32.6% in the third quarter. CI Investments Inc. now owns 4,555,724 shares of the pipeline company’s stock worth $87,379,000 after purchasing an additional 1,119,021 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Kinder Morgan by 47.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 356,546 shares of the pipeline company’s stock worth $6,832,000 after purchasing an additional 114,124 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Kinder Morgan by 31.1% in the second quarter. Principal Financial Group Inc. now owns 5,071,934 shares of the pipeline company’s stock worth $97,179,000 after purchasing an additional 1,201,722 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Kinder Morgan by 1.1% in the third quarter. Macquarie Group Ltd. now owns 6,676,184 shares of the pipeline company’s stock worth $128,049,000 after purchasing an additional 71,980 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in Kinder Morgan in the second quarter worth $1,078,000. 60.87% of the stock is currently owned by institutional investors.
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About Kinder Morgan
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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