Kinder Morgan Inc (KMI) Expected to Announce Earnings of $0.18 Per Share

Brokerages expect Kinder Morgan Inc (NYSE:KMI) to post $0.18 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kinder Morgan’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.14. Kinder Morgan reported earnings per share of $0.19 during the same quarter last year, which would suggest a negative year over year growth rate of 5.3%. The business is expected to announce its next quarterly earnings results on Wednesday, January 17th.

On average, analysts expect that Kinder Morgan will report full-year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.60 to $0.69. For the next fiscal year, analysts forecast that the firm will post earnings of $0.70 per share, with EPS estimates ranging from $0.62 to $0.83. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Kinder Morgan.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter last year, the firm earned ($0.10) EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year.

KMI has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a research report on Wednesday, November 15th. Goldman Sachs Group cut shares of Kinder Morgan from a “buy” rating to a “neutral” rating and raised their price target for the company from $18.81 to $22.00 in a research report on Tuesday, October 17th. Stifel Nicolaus dropped their price target on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. Morgan Stanley dropped their price target on shares of Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Finally, BMO Capital Markets set a $26.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. Kinder Morgan presently has an average rating of “Hold” and an average target price of $22.72.

In other news, VP Thomas A. Martin acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was purchased at an average price of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 13.99% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Welch Investments LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $102,000. Valeo Financial Advisors LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $104,000. Fiduciary Trust Co. purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $115,000. Acrospire Investment Management LLC increased its stake in shares of Kinder Morgan by 30.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock worth $131,000 after purchasing an additional 1,600 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Kinder Morgan by 23.5% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,400 shares of the pipeline company’s stock worth $161,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 60.73% of the company’s stock.

Shares of Kinder Morgan (NYSE:KMI) traded up $0.08 during midday trading on Friday, reaching $18.94. 10,734,440 shares of the company traded hands, compared to its average volume of 14,470,000. Kinder Morgan has a twelve month low of $16.68 and a twelve month high of $23.01. The company has a market cap of $42,300.00, a PE ratio of 33.82, a price-to-earnings-growth ratio of 1.36 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42.

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Kinder Morgan Company Profile

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

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