Chesapeake Utilities (CPK) to Release Earnings on Thursday

Chesapeake Utilities (NYSE:CPK) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect Chesapeake Utilities to post earnings of $0.69 per share for the quarter. Chesapeake Utilities has set its FY24 guidance at $5.33-$5.45 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

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 analysts’ expectations of $194.70 million. Chesapeake Utilities had a net margin of 13.61% and a return on equity of 9.51%. Chesapeake Utilities’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share. On average, analysts expect Chesapeake Utilities to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Chesapeake Utilities Stock Performance

Shares of CPK stock opened at $117.16 on Tuesday. Chesapeake Utilities has a 52-week low of $83.79 and a 52-week high of $125.34. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.91. The stock has a market cap of $2.63 billion, a PE ratio of 25.03 and a beta of 0.61. The business has a 50-day simple moving average of $120.43 and a 200-day simple moving average of $114.25.

Chesapeake Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 16th were given a $0.64 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.56 annualized dividend and a yield of 2.19%. Chesapeake Utilities’s dividend payout ratio is presently 54.70%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Paul L. Maddock, Jr. sold 9,634 shares of the company’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 transaction of $1,094,037.04. Following the completion of the transaction, the director now directly owns 8,363 shares of the company’s stock, valued at $949,702.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.66% of the stock is currently owned by 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.