Equities analysts predict that Kinder Morgan Inc (NYSE:KMI) will announce earnings of $0.19 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Kinder Morgan’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.16. Kinder Morgan posted earnings of $0.17 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.8%. The firm is expected to report its next quarterly earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that Kinder Morgan will report full-year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.98. For the next year, analysts anticipate that the business will post earnings of $0.86 per share, with EPS estimates ranging from $0.66 to $1.17. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Kinder Morgan.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share.
Kinder Morgan (NYSE KMI) traded down $0.02 during trading hours on Tuesday, hitting $19.61. 9,743,281 shares of the stock traded hands, compared to its average volume of 16,689,521. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $43,730.00, a P/E ratio of 1,961.00, a PEG ratio of 1.23 and a beta of 0.62. Kinder Morgan has a one year low of $16.68 and a one year high of $23.01.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 5,000.00%.
In other Kinder Morgan news, Director William A. Smith purchased 5,500 shares of the stock in a transaction dated Monday, January 22nd. The shares were bought at an average price of $19.52 per share, with a total value of $107,360.00. Following the completion of the transaction, the director now directly owns 14,587 shares in the company, valued at approximately $284,738.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas A. Martin purchased 3,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, for a total transaction of $51,300.00. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.
A number of institutional investors have recently bought and sold shares of KMI. Renaissance Technologies LLC increased its holdings in Kinder Morgan by 133.5% during the 2nd quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock worth $157,311,000 after acquiring an additional 4,694,441 shares during the period. Dimensional Fund Advisors LP increased its holdings in Kinder Morgan by 22.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock worth $228,029,000 after acquiring an additional 2,217,905 shares during the period. Mackenzie Financial Corp increased its holdings in Kinder Morgan by 307.5% during the 3rd quarter. Mackenzie Financial Corp now owns 2,881,569 shares of the pipeline company’s stock worth $55,268,000 after acquiring an additional 2,174,518 shares during the period. Cohen & Steers Inc. increased its holdings in Kinder Morgan by 22.7% during the 3rd quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock worth $186,881,000 after acquiring an additional 1,801,348 shares during the period. Finally, Tortoise Capital Advisors L.L.C. increased its holdings in Kinder Morgan by 11.0% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock worth $266,767,000 after acquiring an additional 1,373,610 shares during the period. 60.72% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/23/kinder-morgan-inc-kmi-expected-to-announce-earnings-of-0-19-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.