Chesapeake Utilities (NYSE:CPK) Issues FY 2028 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) updated its FY 2028 earnings guidance on Friday. The company provided EPS guidance of 7.750-8.000 for the period. The company issued revenue guidance of -. Chesapeake Utilities also updated its FY 2024 guidance to 5.330-5.450 EPS.

Analysts Set New Price Targets

CPK has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Chesapeake Utilities from $105.00 to $115.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. Barclays assumed coverage on shares of Chesapeake Utilities in a report on Thursday, May 30th. They issued an equal weight rating and a $111.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $109.80.

Chesapeake Utilities Price Performance

Shares of NYSE CPK opened at $113.90 on Monday. The firm has a market cap of $2.54 billion, a PE ratio of 23.93 and a beta of 0.60. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93. Chesapeake Utilities has a 1-year low of $83.79 and a 1-year high of $120.84. The company has a fifty day moving average price of $111.05 and a 200 day moving average price of $107.28.

Chesapeake Utilities (NYSE:CPK) last announced its earnings results on Thursday, August 8th. The utilities provider reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). The company had revenue of $166.30 million during the quarter, compared to analyst estimates of $194.70 million. Chesapeake Utilities had a return on equity of 10.17% and a net margin of 13.90%. Chesapeake Utilities’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. Research analysts predict that Chesapeake Utilities will post 5.41 earnings per share for the current fiscal year.

Chesapeake Utilities Dividend Announcement

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