Chesapeake Utilities (NYSE:CPK) Releases FY25 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share guidance of $6.15-6.35 for the period, compared to the consensus earnings per share estimate of $6.25.

Chesapeake Utilities Price Performance

Shares of CPK opened at $126.00 on Monday. The firm has a market capitalization of $2.90 billion, a PE ratio of 25.56 and a beta of 0.66. Chesapeake Utilities has a twelve month low of $98.32 and a twelve month high of $134.86. The stock’s 50 day moving average is $125.63 and its two-hundred day moving average is $124.06. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.04). The business had revenue of $215.00 million for the quarter, compared to the consensus estimate of $237.84 million. Chesapeake Utilities had a return on equity of 9.08% and a net margin of 14.16%. During the same period in the previous year, the business posted $1.64 earnings per share. Research analysts anticipate that Chesapeake Utilities will post 5.39 earnings per share for the current year.

Chesapeake Utilities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 14th will be given a dividend of $0.64 per share. The ex-dividend date is Friday, March 14th. This represents a $2.56 annualized dividend and a dividend yield of 2.03%. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 48.58%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Friday, March 7th. LADENBURG THALM/SH SH upgraded shares of Chesapeake Utilities to a “strong-buy” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $122.67.

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.