Kinder Morgan Inc (KMI) Expected to Post Quarterly Sales of $3.32 Billion

Analysts expect Kinder Morgan Inc (NYSE:KMI) to report $3.32 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Kinder Morgan’s earnings, with the lowest sales estimate coming in at $3.15 billion and the highest estimate coming in at $3.41 billion. Kinder Morgan posted sales of $3.39 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.1%. The business is scheduled to announce its next earnings report on Wednesday, January 17th.

On average, analysts expect that Kinder Morgan will report full-year sales of $3.32 billion for the current year, with estimates ranging from $13.23 billion to $13.54 billion. For the next fiscal year, analysts anticipate that the company will post sales of $13.99 billion per share, with estimates ranging from $13.74 billion to $14.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Kinder Morgan.

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

A number of analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Mizuho reissued a “hold” rating and set a $22.00 price objective on shares of Kinder Morgan in a research report on Friday, October 20th. SunTrust Banks set a $23.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Goldman Sachs Group downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $18.81 to $22.00 in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.72.

Kinder Morgan (NYSE:KMI) traded down $0.09 during midday trading on Monday, hitting $18.86. The stock had a trading volume of 12,307,231 shares, compared to its average volume of 13,506,650. Kinder Morgan has a fifty-two week low of $16.68 and a fifty-two week high of $23.01. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42. The stock has a market cap of $42,020.00, a price-to-earnings ratio of 33.68, a PEG ratio of 1.36 and a beta of 0.62.

In other news, VP Thomas A. Martin bought 3,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was bought at an average cost of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 13.99% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Welch Investments LLC acquired a new position in Kinder Morgan in the 3rd quarter valued at about $102,000. Valeo Financial Advisors LLC acquired a new position in Kinder Morgan in the 3rd quarter valued at about $104,000. Fiduciary Trust Co. acquired a new position in Kinder Morgan in the 2nd quarter valued at about $115,000. Acrospire Investment Management LLC grew its position in Kinder Morgan by 30.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock valued at $131,000 after acquiring an additional 1,600 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co grew its position in Kinder Morgan by 23.5% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,400 shares of the pipeline company’s stock valued at $161,000 after acquiring an additional 1,600 shares in the last quarter. 60.73% of the stock is owned by institutional investors.

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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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