$3.60 Billion in Sales Expected for Kinder Morgan Inc (KMI) This Quarter
Wall Street brokerages expect Kinder Morgan Inc (NYSE:KMI) to post sales of $3.60 billion for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Kinder Morgan’s earnings, with estimates ranging from $3.50 billion to $3.74 billion. Kinder Morgan posted sales of $3.42 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The company is scheduled to report its next earnings report on Wednesday, April 17th.
According to Zacks, analysts expect that Kinder Morgan will report full-year sales of $15.15 billion for the current financial year, with estimates ranging from $14.21 billion to $15.81 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $15.65 billion, with estimates ranging from $14.50 billion to $16.68 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Kinder Morgan.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. Kinder Morgan’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share.
In other Kinder Morgan news, VP John W. Schlosser sold 54,100 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $19.63, for a total transaction of $1,061,983.00. Following the completion of the sale, the vice president now owns 34,632 shares in the company, valued at $679,826.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Deborah Macdonald bought 2,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $19.89 per share, with a total value of $49,725.00. Following the acquisition, the director now owns 25,328 shares of the company’s stock, valued at $503,773.92. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 2,521,612 shares of company stock valued at $47,637,339. 14.16% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of KMI. Jackson Hole Capital Partners LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $1,324,000. Norges Bank acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $299,180,000. Pin Oak Investment Advisors Inc. increased its stake in shares of Kinder Morgan by 280.1% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 94,472 shares of the pipeline company’s stock worth $1,453,000 after acquiring an additional 69,618 shares during the period. Kentucky Retirement Systems increased its stake in shares of Kinder Morgan by 48.5% during the fourth quarter. Kentucky Retirement Systems now owns 82,561 shares of the pipeline company’s stock worth $1,270,000 after acquiring an additional 26,972 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $577,000. Institutional investors own 63.80% of the company’s stock.
NYSE KMI opened at $20.05 on Wednesday. The firm has a market cap of $44.10 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.66 and a beta of 0.96. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98. Kinder Morgan has a fifty-two week low of $14.62 and a fifty-two week high of $20.18.
Kinder Morgan Company Profile
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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