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

Chesapeake Utilities (NYSE:CPK) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 6.150-6.350 for the period, compared to the consensus EPS 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 Price Performance

NYSE CPK traded down $1.30 on Friday, hitting $113.90. The stock had a trading volume of 113,780 shares, compared to its average volume of 123,840. Chesapeake Utilities has a 52-week low of $83.79 and a 52-week high of $120.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.38 and a current ratio of 0.46. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The firm has a 50-day moving average of $111.05 and a 200-day moving average of $107.24.

Chesapeake Utilities (NYSE:CPK) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.02). Chesapeake Utilities had a return on equity of 10.17% and a net margin of 13.90%. The firm had revenue of $166.30 million during the quarter, compared to analysts’ expectations of $194.70 million. During the same quarter in the prior year, the company earned $0.90 earnings per share. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts expect that Chesapeake Utilities will post 5.41 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, September 16th. Chesapeake Utilities’s dividend payout ratio is presently 53.78%.

Analyst Upgrades and Downgrades

CPK has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on shares of Chesapeake Utilities from $105.00 to $115.00 and gave the stock an equal weight rating in a report on Friday, May 10th. Barclays initiated coverage on shares of Chesapeake Utilities in a report on Thursday, May 30th. They issued an equal weight rating and a $111.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $109.80.

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.