Kinder Morgan (NYSE:KMI) is gearing up to release its quarterly earnings data on Wednesday, October 18th, marking an important event for investors and analysts alike. The company is projected to announce earnings of $0.26 per share for the quarter, while guidance for the fiscal year 2023 stands at $1.12 EPS.
Several noteworthy transactions involving Kinder Morgan’s stock have taken place recently. On Friday, August 4th, VP Sital K. Mody sold 55,849 shares of the firm’s stock at an average price of $17.36, totaling $969,538.64. Similarly, VP John W. Schlosser sold 7,500 shares at an average price of $18.00 on Monday, July 24th, amounting to a total of $135,000.00. These sales were duly disclosed in filings with the Securities & Exchange Commission (SEC), which can be accessed through their website.
Additionally, it is worth noting that another stock sale by VP Sital K. Mody involved another 55,849 shares and took place on Friday, August 4th at an average price of $17.36 – resulting in a total transaction value of $969,538.64. A disclosure regarding this sale can be found here; corporate insiders currently hold approximately 12.64% of Kinder Morgan’s stock.
Furthermore, Kinder Morgan recently announced and paid a quarterly dividend on Tuesday, August 15th to shareholders of record as of Monday, July 31st. Stockholders received a dividend payment of $0.2825 per share representing an annualized dividend yield of 6.67%. The ex-dividend date was observed on Friday, July 28th.
It is crucial for stakeholders to pay close attention to these developments in order to gauge the performance and financial health of Kinder Morgan as it navigates through dynamic market conditions.
Kinder Morgan, Inc.
KMI
Strong Buy
Updated on: 22/11/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Kinder Morgan’s Quarterly Earnings Report Shows Lower-Than-Expected Revenue
Kinder Morgan (NYSE:KMI) recently released its quarterly earnings data for the period ending July 19th. The company reported earnings per share of $0.24, which was in line with analysts’ consensus estimates. However, its revenue for the quarter was lower than expected, coming in at $3.50 billion compared to analyst estimates of $4.55 billion.
This decline in revenue resulted in a 32% decrease compared to the same quarter last year. Analysts predict that Kinder Morgan will post earnings per share of $1 for the current fiscal year and also for the next fiscal year.
Shares of KMI opened at $16.94 on Thursday, with a 1-year low of $15.89 and a 1-year high of $19.35. It is worth noting that Kinder Morgan has a market capitalization of approximately $37.75 billion.
The company’s financials reveal that it has a return on equity of 7.79% and a net margin of 14.65%. These figures demonstrate some level of stability despite the decline in revenue.
Looking at other news surrounding Kinder Morgan, there have been notable insider sales within the company recently. VP Sital K. Mody sold 55,849 shares in early August, while VP John W Schlosser sold 7,500 shares in late July.
Research firms have commented on KMI as well, with some providing favorable ratings and price targets for the stock. The Goldman Sachs Group initiated coverage on Kinder Morgan with a “buy” rating and set a target price of $20 per share.
Royal Bank of Canada reiterated a “sector perform” rating and also set a target price of $20 per share.
Meanwhile, Stifel Nicolaus increased their price objective on KMI from $21 to $22 but maintained a “hold” rating.
Wolfe Research upgraded KMI from an “underperform” rating to a “peer perform” rating.
Barclays, on the other hand, lowered their price target from $20 to $19.
Overall, analysts’ opinions on Kinder Morgan seem to be mixed, with some recommending a “hold” and others suggesting a potential opportunity for investors to buy. The consensus price target for the stock is $20.20.
In conclusion, Kinder Morgan’s recent earnings report may have disappointed investors with its lower-than-expected revenue. However, the company has displayed consistent profitability with its return on equity and net margin figures. With insider sales taking place and varying analyst opinions, it remains to be seen how the stock will perform in the future.
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