Zacks: Analysts Expect Kinder Morgan Inc (NYSE:KMI) Will Announce Earnings of $0.21 Per Share
Brokerages expect Kinder Morgan Inc (NYSE:KMI) to announce earnings per share (EPS) of $0.21 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Kinder Morgan’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.24. Kinder Morgan reported earnings per share of $0.22 in the same quarter last year, which suggests a negative year over year growth rate of 4.5%. The business is expected to announce its next earnings report on Wednesday, October 21st.
On average, analysts expect that Kinder Morgan will report full-year earnings of $0.88 per share for the current fiscal year, with EPS estimates ranging from $0.84 to $0.93. For the next fiscal year, analysts expect that the firm will post earnings of $0.92 per share, with EPS estimates ranging from $0.76 to $1.04. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Kinder Morgan.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Kinder Morgan had a return on equity of 6.02% and a net margin of 1.41%. During the same period last year, the firm posted $0.22 earnings per share.
In other Kinder Morgan news, Director Perry M. Waughtal sold 59,593 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $13.97, for a total value of $832,514.21. Following the completion of the sale, the director now owns 299,293 shares in the company, valued at approximately $4,181,123.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Richard D. Kinder bought 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was purchased at an average price of $14.14 per share, for a total transaction of $4,242,000.00. Following the acquisition, the insider now directly owns 244,839,120 shares in the company, valued at $3,462,025,156.80. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 680,233 shares of company stock valued at $9,598,573. 14.19% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of KMI. Blackstone Group Inc bought a new position in shares of Kinder Morgan in the second quarter worth about $333,656,000. Brookfield Asset Management Inc. acquired a new position in shares of Kinder Morgan in the second quarter valued at approximately $103,547,000. BlackRock Inc. boosted its holdings in Kinder Morgan by 3.5% during the second quarter. BlackRock Inc. now owns 150,991,478 shares of the pipeline company’s stock worth $2,290,539,000 after purchasing an additional 5,062,445 shares during the last quarter. CIBC World Markets Inc. boosted its holdings in Kinder Morgan by 3,144.0% during the first quarter. CIBC World Markets Inc. now owns 3,014,901 shares of the pipeline company’s stock worth $41,967,000 after purchasing an additional 2,921,963 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Kinder Morgan by 798.6% during the second quarter. AQR Capital Management LLC now owns 3,231,226 shares of the pipeline company’s stock worth $47,337,000 after acquiring an additional 2,871,657 shares in the last quarter. Institutional investors and hedge funds own 60.63% of the company’s stock.
Shares of NYSE:KMI opened at $12.91 on Wednesday. The stock’s 50-day simple moving average is $13.97 and its two-hundred day simple moving average is $14.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 0.48. Kinder Morgan has a 52-week low of $9.42 and a 52-week high of $22.58. The stock has a market capitalization of $29.22 billion, a price-to-earnings ratio of 184.45, a PEG ratio of 4.88 and a beta of 0.97.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued a $0.2625 dividend. The ex-dividend date was Friday, July 31st. This represents a $1.05 annualized dividend and a yield of 8.13%. Kinder Morgan’s dividend payout ratio (DPR) is presently 110.53%.
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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