Analysts Anticipate Kinder Morgan Inc (NYSE:KMI) to Announce $0.27 EPS
Wall Street analysts expect that Kinder Morgan Inc (NYSE:KMI) will post $0.27 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kinder Morgan’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.24. Kinder Morgan reported earnings per share of $0.25 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The company is expected to announce its next earnings report on Wednesday, January 15th.
According to Zacks, analysts expect that Kinder Morgan will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.94 to $0.99. For the next fiscal year, analysts anticipate that the business will post earnings of $0.99 per share, with EPS estimates ranging from $0.89 to $1.09. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Kinder Morgan.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The firm’s revenue was down 8.6% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share.
In related news, VP Thomas A. Martin sold 20,733 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $20.65, for a total transaction of $428,136.45. Following the completion of the sale, the vice president now directly owns 908,974 shares in the company, valued at approximately $18,770,313.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard D. Kinder acquired 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of $20.01 per share, with a total value of $6,003,000.00. Following the completion of the purchase, the chairman now directly owns 242,479,496 shares in the company, valued at $4,852,014,714.96. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,400,000 shares of company stock valued at $27,987,000 over the last 90 days. 13.95% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY raised its stake in Kinder Morgan by 0.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 295,119 shares of the pipeline company’s stock valued at $6,082,000 after buying an additional 1,089 shares during the last quarter. Signet Financial Management LLC purchased a new stake in Kinder Morgan in the third quarter valued at about $3,874,000. Voloridge Investment Management LLC raised its stake in Kinder Morgan by 1,130.3% in the third quarter. Voloridge Investment Management LLC now owns 738,067 shares of the pipeline company’s stock valued at $15,212,000 after buying an additional 678,075 shares during the last quarter. IHT Wealth Management LLC raised its stake in Kinder Morgan by 18.3% in the third quarter. IHT Wealth Management LLC now owns 25,774 shares of the pipeline company’s stock valued at $531,000 after buying an additional 3,982 shares during the last quarter. Finally, GQ Asset Management LLC raised its stake in Kinder Morgan by 105.1% in the third quarter. GQ Asset Management LLC now owns 36,180 shares of the pipeline company’s stock valued at $746,000 after buying an additional 18,538 shares during the last quarter. Institutional investors own 62.16% of the company’s stock.
Shares of KMI traded down $0.21 during mid-day trading on Monday, hitting $19.40. 10,733,794 shares of the stock were exchanged, compared to its average volume of 13,668,039. The company has a market cap of $44.28 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 4.07 and a beta of 0.78. Kinder Morgan has a 52-week low of $14.62 and a 52-week high of $21.50. The firm has a 50-day moving average of $20.13 and a two-hundred day moving average of $20.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.29 and a current ratio of 0.35.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date was Wednesday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 112.36%.
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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