$3.31 Billion in Sales Expected for Kinder Morgan, Inc. (KMI) This Quarter
Equities analysts forecast that Kinder Morgan, Inc. (NYSE:KMI) will post sales of $3.31 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kinder Morgan’s earnings, with estimates ranging from $3.15 billion to $3.41 billion. Kinder Morgan reported sales of $3.39 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The company is scheduled to announce its next earnings report on Wednesday, January 17th.
On average, analysts expect that Kinder Morgan will report full-year sales of $3.31 billion for the current financial year, with estimates ranging from $13.23 billion to $13.54 billion. For the next fiscal year, analysts forecast that the business will report sales of $13.98 billion per share, with estimates ranging from $13.74 billion to $14.26 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Kinder Morgan.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted ($0.10) earnings per share.
Kinder Morgan (KMI) traded down $0.16 on Tuesday, hitting $17.25. 16,108,300 shares of the company were exchanged, compared to its average volume of 11,510,635. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. Kinder Morgan has a one year low of $16.68 and a one year high of $23.01. The company has a market capitalization of $38,410.00, a price-to-earnings ratio of 26.78, a P/E/G ratio of 1.35 and a beta of 0.62.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.50 annualized dividend and a yield of 2.90%. Kinder Morgan’s dividend payout ratio (DPR) is presently 89.29%.
Several large investors have recently added to or reduced their stakes in the company. Private Harbour Investment Management & Counsel LLC boosted its holdings in shares of Kinder Morgan by 0.3% during the 2nd quarter. Private Harbour Investment Management & Counsel LLC now owns 15,050 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 50 shares during the last quarter. North Star Asset Management Inc. boosted its holdings in shares of Kinder Morgan by 0.6% during the 2nd quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock valued at $192,000 after acquiring an additional 61 shares during the last quarter. CNH Partners LLC boosted its holdings in shares of Kinder Morgan by 0.4% during the 2nd quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock valued at $526,000 after acquiring an additional 100 shares during the last quarter. Merriman Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 0.4% during the 2nd quarter. Merriman Wealth Management LLC now owns 59,481 shares of the pipeline company’s stock valued at $1,140,000 after acquiring an additional 239 shares during the last quarter. Finally, Fernwood Investment Management LLC boosted its holdings in shares of Kinder Morgan by 1.6% during the 2nd quarter. Fernwood Investment Management LLC now owns 19,999 shares of the pipeline company’s stock valued at $383,000 after acquiring an additional 319 shares during the last quarter. 60.88% of the stock is currently owned by hedge funds and other 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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