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

Chesapeake Utilities (NYSE:CPK) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 6.150-6.350 for the period, compared to the consensus earnings per share 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 Analyst Weigh In

CPK has been the topic of a number of analyst reports. Barclays lifted their target price on shares of 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 raised shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Friday.

Chesapeake Utilities Trading Up 2.6 %

CPK traded up $3.10 during mid-day trading on Friday, hitting $124.63. 106,384 shares of the stock were exchanged, compared to its average volume of 80,384. The firm’s fifty day moving average is $120.86 and its two-hundred day 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 current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.91. The company has a market cap of $2.80 billion, a PE ratio of 25.28 and a beta of 0.61.

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

Chesapeake Utilities Announces Dividend

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

Insider Buying and Selling at Chesapeake Utilities

In related news, Director Paul L. Maddock, Jr. sold 9,634 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $949,702.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.68% of the stock is currently owned by insiders.

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.