$4.06 Billion in Sales Expected for Kinder Morgan Inc (KMI) This Quarter

Wall Street brokerages forecast that Kinder Morgan Inc (NYSE:KMI) will announce sales of $4.06 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Kinder Morgan’s earnings, with estimates ranging from $3.77 billion to $4.35 billion. Kinder Morgan posted sales of $3.63 billion in the same quarter last year, which suggests a positive year over year growth rate of 11.8%. The business is expected to report its next earnings results on Wednesday, January 16th.

On average, analysts expect that Kinder Morgan will report full-year sales of $14.36 billion for the current financial year, with estimates ranging from $14.13 billion to $14.71 billion. For the next financial year, analysts expect that the firm will post sales of $15.07 billion, with estimates ranging from $14.46 billion to $15.41 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Kinder Morgan.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 17th. The pipeline company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.57 billion. Kinder Morgan had a return on equity of 5.51% and a net margin of 0.78%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share.

A number of research analysts have recently commented on the company. ValuEngine raised Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Credit Suisse Group assumed coverage on Kinder Morgan in a report on Thursday, October 11th. They set an “outperform” rating and a $23.00 price target on the stock. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, October 24th. Barclays set a $21.00 price target on Kinder Morgan and gave the company a “buy” rating in a report on Friday, October 12th. Finally, Mizuho initiated coverage on Kinder Morgan in a report on Wednesday. They set a “buy” rating and a $22.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $20.94.

In other news, insider Richard D. Kinder bought 500,000 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were purchased at an average cost of $17.55 per share, with a total value of $8,775,000.00. Following the completion of the acquisition, the insider now directly owns 235,212,353 shares in the company, valued at $4,127,976,795.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.16% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Matthew Goff Investment Advisor LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $351,000. Flagship Harbor Advisors LLC acquired a new stake in Kinder Morgan during the 2nd quarter worth about $110,000. Westbourne Investment Advisors Inc. acquired a new stake in Kinder Morgan during the 3rd quarter worth about $117,000. Blue Chip Partners Inc. acquired a new stake in Kinder Morgan during the 3rd quarter worth about $128,000. Finally, Landaas & Co. WI ADV acquired a new stake in Kinder Morgan during the 2nd quarter worth about $133,000. Institutional investors and hedge funds own 61.04% of the company’s stock.

Shares of KMI traded up $0.20 during trading hours on Friday, reaching $17.07. 20,395,323 shares of the company’s stock traded hands, compared to its average volume of 14,547,401. The firm has a market capitalization of $37.19 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 2.28 and a beta of 0.69. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.98 and a current ratio of 1.05. Kinder Morgan has a twelve month low of $14.69 and a twelve month high of $19.83.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Tuesday, October 30th. Kinder Morgan’s payout ratio is currently 121.21%.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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.

See Also: Derivative

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

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