Chesapeake Utilities (NYSE:CPK) announced its quarterly earnings data on Thursday. The utilities provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03), Fidelity Earnings reports. Chesapeake Utilities had a return on equity of 11.30% and a net margin of 8.62%. The company had revenue of $92.63 million for the quarter, compared to analyst estimates of $170.20 million.
CPK stock traded down $1.15 during mid-day trading on Friday, hitting $88.02. 79,325 shares of the company were exchanged, compared to its average volume of 59,471. The business has a 50 day simple moving average of $93.74 and a 200-day simple moving average of $93.39. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.48 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.46 and a beta of 0.15. Chesapeake Utilities has a 1-year low of $77.20 and a 1-year high of $97.00.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.62 annualized dividend and a yield of 1.84%. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 48.94%.
A number of research analysts have recently weighed in on the company. Wells Fargo & Co reiterated a “hold” rating on shares of Chesapeake Utilities in a report on Friday. Maxim Group set a $110.00 price target on Chesapeake Utilities and gave the company a “buy” rating in a report on Friday, October 11th. Zacks Investment Research downgraded Chesapeake Utilities from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Sidoti assumed coverage on Chesapeake Utilities in a report on Thursday, October 24th. They set a “buy” rating and a $108.00 price target on the stock. Finally, ValuEngine downgraded Chesapeake Utilities from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $100.65.
About Chesapeake Utilities
Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.
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