Chesapeake Utilities (NYSE:CPK) Issues FY 2028 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2028 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 7.750-8.000 for the period. The company issued revenue guidance of -. Chesapeake Utilities also updated its FY 2024 guidance to 5.330-5.450 EPS.

Chesapeake Utilities Stock Down 2.4 %

Shares of CPK traded down $2.93 during mid-day trading on Thursday, reaching $121.57. 170,293 shares of the stock traded hands, compared to its average volume of 113,817. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 26.15 and a beta of 0.61. The stock has a fifty day simple moving average of $120.66 and a 200 day simple moving average of $114.43. Chesapeake Utilities has a 12-month low of $83.79 and a 12-month high of $126.36. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.91.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). The firm had revenue of $166.30 million for the quarter, compared to analysts’ expectations of $194.70 million. Chesapeake Utilities had a net margin of 13.61% and a return on equity of 9.51%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 EPS. Sell-side analysts expect that Chesapeake Utilities will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price target on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th.

Insider Buying and Selling

In other Chesapeake Utilities news, Director Paul L. Maddock, Jr. sold 9,634 shares of Chesapeake Utilities stock in a transaction on Monday, August 12th. The shares were sold at an average price of $113.56, for a total value of $1,094,037.04. Following the completion of the transaction, the director now owns 8,363 shares of the company’s stock, valued at $949,702.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.66% of the company’s stock.

About Chesapeake Utilities

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.