Chesapeake Utilities (NYSE:CPK) Issues FY 2025 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 6.150-6.350 for the period, compared to the consensus estimate of 6.240. The company issued revenue guidance of -. Chesapeake Utilities also updated its FY 2024 guidance to 5.330-5.450 EPS.

Chesapeake Utilities Trading Down 0.1 %

Chesapeake Utilities stock traded down $0.11 during mid-day trading on Wednesday, hitting $110.76. 64,278 shares of the company’s stock were exchanged, compared to its average volume of 129,129. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 0.95. Chesapeake Utilities has a fifty-two week low of $83.79 and a fifty-two week high of $132.91. The company’s 50 day simple moving average is $104.55 and its 200-day simple moving average is $101.15. The firm has a market capitalization of $2.47 billion, a P/E ratio of 23.42 and a beta of 0.60.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.11. Chesapeake Utilities had a return on equity of 10.19% and a net margin of 13.01%. The firm had revenue of $185.30 million for the quarter, compared to analyst estimates of $234.60 million. During the same quarter in the prior year, the company earned $1.47 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Chesapeake Utilities will post 5.41 earnings per share for the current year.

Chesapeake Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.36 dividend on an annualized basis and a yield of 2.13%. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 49.89%.

Analyst Upgrades and Downgrades

CPK has been the subject of several analyst reports. Wells Fargo & Company increased their target price on shares of Chesapeake Utilities from $101.00 to $105.00 and gave the company an equal weight rating in a report on Friday, February 23rd. Royal Bank of Canada boosted their price objective on Chesapeake Utilities from $123.00 to $124.00 and gave the stock an outperform rating in a report on Friday, March 1st. Finally, StockNews.com downgraded shares of Chesapeake Utilities from a hold rating to a sell rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Chesapeake Utilities has a consensus rating of Hold and a consensus price target of $107.00.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.