Equities analysts expect that Chesapeake Utilities Co. (NYSE:CPK) will report $0.85 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Chesapeake Utilities’ earnings. The highest EPS estimate is $0.91 and the lowest is $0.73. Chesapeake Utilities posted earnings per share of $0.73 during the same quarter last year, which would suggest a positive year over year growth rate of 16.4%. The business is scheduled to report its next earnings results on Monday, February 26th.
On average, analysts expect that Chesapeake Utilities will report full year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.81 to $2.87. For the next year, analysts anticipate that the company will report earnings of $3.39 per share, with EPS estimates ranging from $3.33 to $3.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Chesapeake Utilities.
Chesapeake Utilities (NYSE:CPK) last issued its quarterly earnings data on Thursday, November 9th. The utilities provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. Chesapeake Utilities had a net margin of 7.58% and a return on equity of 9.58%.
CPK has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Tuesday, November 14th. Sidoti started coverage on shares of Chesapeake Utilities in a research note on Wednesday, October 18th. They set a “neutral” rating and a $85.00 target price for the company.
In other Chesapeake Utilities news, Director Thomas P. Hill, Jr. acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was bought at an average price of $75.62 per share, with a total value of $75,620.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John R. Schimkaitis sold 2,500 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $76.65, for a total transaction of $191,625.00. The disclosure for this sale can be found here. 4.16% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its stake in Chesapeake Utilities by 6.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 76,577 shares of the utilities provider’s stock valued at $6,016,000 after acquiring an additional 4,570 shares in the last quarter. California Public Employees Retirement System grew its stake in Chesapeake Utilities by 11.5% during the 3rd quarter. California Public Employees Retirement System now owns 42,661 shares of the utilities provider’s stock valued at $3,338,000 after acquiring an additional 4,411 shares in the last quarter. Chevy Chase Trust Holdings Inc. purchased a new stake in Chesapeake Utilities during the 3rd quarter valued at about $207,000. Dimensional Fund Advisors LP grew its stake in Chesapeake Utilities by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 531,966 shares of the utilities provider’s stock valued at $41,627,000 after acquiring an additional 6,981 shares in the last quarter. Finally, Tiedemann Wealth Management LLC grew its stake in Chesapeake Utilities by 3.7% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 25,730 shares of the utilities provider’s stock valued at $2,014,000 after acquiring an additional 910 shares in the last quarter. 62.16% of the stock is owned by institutional investors.
Shares of Chesapeake Utilities (CPK) traded down $0.40 during trading on Friday, hitting $69.10. 93,185 shares of the company’s stock were exchanged, compared to its average volume of 53,650. The firm has a market capitalization of $1,129.37, a P/E ratio of 25.69, a P/E/G ratio of 3.40 and a beta of 0.26. Chesapeake Utilities has a 1-year low of $63.10 and a 1-year high of $86.35. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.44.
The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were paid a dividend of $0.325 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.88%. Chesapeake Utilities’s dividend payout ratio is currently 48.33%.
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Chesapeake Utilities Company Profile
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.
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