Chesapeake Utilities (NYSE:CPK) Releases Earnings Results

Chesapeake Utilities (NYSE:CPK) released its quarterly earnings data on Wednesday. The utilities provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.04), RTT News reports. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. The company had revenue of $215.00 million for the quarter, compared to analysts’ expectations of $237.84 million. During the same quarter in the previous year, the business posted $1.64 EPS. Chesapeake Utilities updated its FY 2028 guidance to 7.750-8.000 EPS and its FY 2025 guidance to 6.150-6.350 EPS.

Chesapeake Utilities Price Performance

Shares of NYSE:CPK opened at $126.92 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.87. The company has a market cap of $2.89 billion, a P/E ratio of 25.75 and a beta of 0.65. Chesapeake Utilities has a 52 week low of $98.32 and a 52 week high of $134.20. The company has a 50-day moving average price of $122.10 and a 200 day moving average price of $122.26.

Chesapeake Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 14th will be given a $0.64 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.56 dividend on an annualized basis and a yield of 2.02%. Chesapeake Utilities’s payout ratio is currently 51.93%.

Analysts Set New Price Targets

Several equities research analysts have commented on CPK shares. StockNews.com lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Thursday. Guggenheim upped their price objective on Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $123.00.

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.