Chesapeake Utilities (CPK) Set to Announce Quarterly Earnings on Wednesday

Chesapeake Utilities (NYSE:CPK) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Chesapeake Utilities to post earnings of $2.14 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.11. Chesapeake Utilities had a net margin of 13.01% and a return on equity of 10.19%. The business had revenue of $185.30 million for the quarter, compared to analyst estimates of $234.60 million. During the same quarter last year, the business posted $1.47 EPS. The firm’s revenue for the quarter was down 1.1% 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 Stock Up 0.8 %

Shares of CPK opened at $110.05 on Monday. The firm has a 50 day simple moving average of $104.19 and a two-hundred day simple moving average of $100.88. The company has a market cap of $2.45 billion, a P/E ratio of 23.27 and a beta of 0.60. Chesapeake Utilities has a one year low of $83.79 and a one year high of $132.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.48 and a quick ratio of 0.40.

Chesapeake Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.14%. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 49.89%.

Wall Street Analyst Weigh In

CPK has been the topic of several research analyst reports. StockNews.com lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Thursday, February 29th. Wells Fargo & Company raised their price target on shares of Chesapeake Utilities from $101.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada upped their price objective on shares of Chesapeake Utilities from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Chesapeake Utilities presently has an average rating of “Hold” and an average target price of $107.00.

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.