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

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

Chesapeake Utilities Price Performance

Shares of NYSE:CPK traded down $0.11 during trading on Wednesday, hitting $110.76. 64,278 shares of the stock were exchanged, compared to its average volume of 129,129. The company has a market cap of $2.47 billion, a PE ratio of 23.42 and a beta of 0.60. The company has a current ratio of 0.48, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average price of $104.55 and a two-hundred day moving average price of $101.15. Chesapeake Utilities has a 12-month low of $83.79 and a 12-month high of $132.91.

Chesapeake Utilities (NYSE:CPK) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.11. The company had revenue of $185.30 million for the quarter, compared to analyst estimates of $234.60 million. Chesapeake Utilities had a return on equity of 10.19% and a net margin of 13.01%. Chesapeake Utilities’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 earnings per share. On average, analysts forecast that Chesapeake Utilities will post 5.41 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, March 14th. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 49.89%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CPK shares. Wells Fargo & Company lifted their price objective on Chesapeake Utilities from $101.00 to $105.00 and gave the stock an equal weight rating in a research report on Friday, February 23rd. Royal Bank of Canada boosted their price target on Chesapeake Utilities from $123.00 to $124.00 and gave the stock an outperform rating in a report on Friday, March 1st. Finally, StockNews.com cut Chesapeake Utilities from a hold rating to a sell rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Chesapeake Utilities presently has a consensus rating of Hold and a consensus price target 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.