Chesapeake Utilities (CPK) Scheduled to Post Earnings on Thursday

Chesapeake Utilities (NYSE:CPK) is scheduled to be announcing its earnings results after the market closes on Thursday, August 8th. Analysts expect Chesapeake Utilities to post earnings of $0.88 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Chesapeake Utilities had a net margin of 13.90% and a return on equity of 10.17%. The company had revenue of $245.70 million during the quarter, compared to analysts’ expectations of $260.16 million. During the same quarter last year, the company earned $2.04 earnings per share. Chesapeake Utilities’s revenue for the quarter was up 12.7% on a year-over-year basis. 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 Price Performance

Chesapeake Utilities stock opened at $114.26 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93. The stock has a market cap of $2.54 billion, a P/E ratio of 24.00 and a beta of 0.60. The company has a 50-day moving average price of $110.72 and a 200 day moving average price of $107.04. Chesapeake Utilities has a 12-month low of $83.79 and a 12-month high of $120.84.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CPK shares. Barclays initiated coverage on Chesapeake Utilities in a report on Thursday, May 30th. They issued an “equal weight” rating and a $111.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Chesapeake Utilities from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.