Kinder Morgan (KMI) Set to Announce Quarterly Earnings on Wednesday

From MarketBeat:

Kinder Morgan (NYSE: KMI) is expected to announce its earnings on 17th of January, anticipating $0.31 per share. Despite a dip in the last quarter, analysts expect the company to report $1 per share for the current fiscal year and the next year. Shares of KMI trade at $17.84 with a dividend yield of 6.33%.

Kinder Morgan last reported earnings of $0.25 per share, falling short of the expected $0.26. Over the last year, Kinder Morgan’s revenue decreased by 24.5%. The company has a quick ratio of 0.30 and a current ratio of 0.39. Insiders have collectively sold $1,543,000 worth of company stock in the last three months. Hedge funds own 62.33% of the stock.

Kinder Morgan recently declared a quarterly dividend yielding 6.33%. Wall Street analysts remain cautious about the stock’s performance, rating it as “hold.” Seven analysts expressed a neutral view while three have given a buy rating. The stock’s average rating is “Hold,” with an average target price of $20.50.

Analysts speculate that the five electric vehicle stocks performing better than Kinder Morgan. Despite the “Hold” rating, Kinder Morgan stock hasn’t made it onto the top five list of stocks from Wall Street’s best performing analysts. To know more about five potential stocks and investing in EV technologies, visit MarketBeat’s website.



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