Kinder Morgan (NYSE:KMI) is scheduled to release its earnings data after the market closes on Wednesday, July 17th. Analysts expect Kinder Morgan to post earnings of $0.23 per share for the quarter.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Kinder Morgan had a net margin of 11.59% and a return on equity of 6.13%. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts expect Kinder Morgan to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Kinder Morgan stock opened at $21.27 on Friday. Kinder Morgan has a 12-month low of $14.62 and a 12-month high of $21.50. The stock has a market cap of $47.95 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 3.06 and a beta of 0.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.45 and a quick ratio of 0.37. The business’s fifty day moving average price is $20.68.
Several research firms recently issued reports on KMI. JPMorgan Chase & Co. set a $45.00 price target on shares of Ciena and gave the stock a “buy” rating in a research note on Friday, March 22nd. Stifel Nicolaus boosted their target price on shares of Mondelez International from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, June 17th. Goldman Sachs Group raised shares of Bright Scholar Education Holdngs from a “neutral” rating to a “buy” rating and set a $10.28 target price for the company in a research report on Thursday, March 28th. Citigroup began coverage on shares of Boeing in a research report on Wednesday, March 27th. They issued a “buy” rating for the company. Finally, Johnson Rice began coverage on shares of Enterprise Products Partners in a research report on Thursday, May 30th. They issued a “buy” rating and a $35.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Kinder Morgan currently has an average rating of “Hold” and an average price target of $21.73.
In other news, Chairman Richard D. Kinder acquired 175,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was acquired at an average cost of $19.75 per share, with a total value of $3,456,250.00. Following the acquisition, the chairman now owns 239,397,332 shares in the company, valued at $4,728,097,307. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard D. Kinder acquired 29,622 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average cost of $19.90 per share, with a total value of $589,477.80. Following the completion of the acquisition, the chairman now owns 239,601,954 shares in the company, valued at approximately $4,768,078,884.60. The disclosure for this purchase can be found here. Insiders have purchased 1,957,164 shares of company stock worth $38,398,619 over the last ninety days. 13.95% of the stock is currently owned by insiders.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 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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