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

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 6.150-6.350 for the period, compared to the consensus estimate of 6.240. The company issued revenue guidance of -. Chesapeake Utilities also updated its FY 2024 guidance to 5.330-5.450 EPS.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Chesapeake Utilities from $105.00 to $115.00 and gave the company an equal weight rating in a research note on Friday, May 10th. Barclays assumed coverage on Chesapeake Utilities in a research note on Thursday, May 30th. They set an equal weight rating and a $111.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chesapeake Utilities currently has a consensus rating of Hold and an average target price of $109.80.

Chesapeake Utilities Price Performance

Shares of CPK traded down $1.30 during trading hours on Friday, hitting $113.90. 113,780 shares of the company were exchanged, compared to its average volume of 123,840. The company has a market capitalization of $2.54 billion, a PE ratio of 23.93 and a beta of 0.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.46 and a quick ratio of 0.38. The firm has a fifty day simple moving average of $111.05 and a 200-day simple moving average of $107.24. Chesapeake Utilities has a one year low of $83.79 and a one year high of $120.84.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02). The company had revenue of $166.30 million for the quarter, compared to the consensus estimate of $194.70 million. Chesapeake Utilities had a return on equity of 10.17% and a net margin of 13.90%. The business’s 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. As a group, sell-side analysts predict that Chesapeake Utilities will post 5.41 earnings per share for the current year.

Chesapeake Utilities Announces Dividend

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

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.