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

Chesapeake Utilities (NYSE:CPK) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 6.150-6.350 for the period, compared to the consensus EPS estimate of 6.250. The company issued revenue guidance of -. Chesapeake Utilities also updated its FY 2024 guidance to 5.330-5.450 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays increased their price objective on Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a research report on Friday.

Chesapeake Utilities Price Performance

Chesapeake Utilities stock traded up $3.10 during midday trading on Friday, reaching $124.63. 106,384 shares of the company were exchanged, compared to its average volume of 80,384. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 25.28 and a beta of 0.61. The firm’s 50-day simple moving average is $120.86 and its 200-day simple moving average is $114.67. Chesapeake Utilities has a 1 year low of $83.79 and a 1 year high of $128.13. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.32 and a current ratio of 0.38.

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

Chesapeake Utilities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities’s payout ratio is 51.93%.

Insiders Place Their Bets

In other Chesapeake Utilities news, Director Paul L. Maddock, Jr. sold 9,634 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $113.56, for a total value of $1,094,037.04. Following the sale, the director now directly owns 8,363 shares of the company’s stock, valued at approximately $949,702.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.68% of the stock is owned by corporate insiders.

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.