Chesapeake Utilities (NYSE:CPK) posted its quarterly earnings data on Thursday. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.15), Fidelity Earnings reports. Chesapeake Utilities had a return on equity of 10.75% and a net margin of 9.68%.
CPK traded up $0.11 on Friday, hitting $82.64. 69,500 shares of the stock traded hands, compared to its average volume of 59,650. Chesapeake Utilities has a 52 week low of $66.35 and a 52 week high of $93.09. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 4.00 and a beta of 0.09.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.48 annualized dividend and a yield of 1.79%. Chesapeake Utilities’s dividend payout ratio is 51.21%.
CPK has been the subject of several research analyst reports. Wells Fargo & Co boosted their price objective on Chesapeake Utilities from $82.00 to $86.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Zacks Investment Research cut Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. ValuEngine cut Chesapeake Utilities from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Janney Montgomery Scott raised Chesapeake Utilities from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Friday, November 2nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $88.33.
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Chesapeake Utilities Company Profile
Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.
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