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

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 6.150-6.350 for the period, compared to the consensus EPS estimate of 6.250. The company issued revenue guidance of -. Chesapeake Utilities also updated its FY 2024 guidance to 5.330-5.450 EPS.

Chesapeake Utilities Stock Performance

Shares of CPK traded up $3.10 on Friday, reaching $124.63. 106,384 shares of the company’s stock traded hands, compared to its average volume of 80,384. The stock’s 50 day simple moving average is $120.86 and its two-hundred day simple moving average is $114.67. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.91. Chesapeake Utilities has a 52-week low of $83.79 and a 52-week high of $128.13. The stock has a market cap of $2.80 billion, a PE ratio of 25.28 and a beta of 0.61.

Chesapeake Utilities (NYSE:CPK) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). Chesapeake Utilities had a return on equity of 9.51% and a net margin of 13.61%. The company had revenue of $166.30 million for the quarter, compared to analysts’ expectations of $194.70 million. During the same period last year, the company posted $0.90 EPS. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, analysts forecast that Chesapeake Utilities will post 5.39 earnings per share for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.56 annualized dividend and a dividend yield of 2.05%. Chesapeake Utilities’s dividend payout ratio is currently 51.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays raised their price target on Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. StockNews.com raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday.

Insider Transactions at Chesapeake Utilities

In related news, Director Paul L. Maddock, Jr. sold 9,634 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $113.56, for a total value of $1,094,037.04. Following the completion of the sale, the director now owns 8,363 shares of the company’s stock, valued at $949,702.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.68% of the stock is currently owned by company insiders.

About Chesapeake Utilities

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.