Chesapeake Utilities (NYSE:CPK – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $5.33-$5.45 for the period, compared to the consensus EPS estimate of $5.40.
Chesapeake Utilities Trading Down 1.1 %
CPK traded down $1.30 during trading on Friday, hitting $113.90. 113,780 shares of the company’s stock were exchanged, compared to its average volume of 123,840. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93. Chesapeake Utilities has a 1 year low of $83.79 and a 1 year high of $120.84. The stock has a 50 day moving average price of $111.05 and a 200 day moving average price of $107.24. The firm has a market cap of $2.54 billion, a P/E ratio of 23.93 and a beta of 0.60.
Chesapeake Utilities (NYSE:CPK – Get Free Report) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). Chesapeake Utilities had a return on equity of 10.17% and a net margin of 13.90%. The firm had revenue of $166.30 million for the quarter, compared to analyst estimates of $194.70 million. During the same period in the previous year, the firm posted $0.90 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. As a group, analysts expect that Chesapeake Utilities will post 5.41 EPS for the current fiscal year.
Chesapeake Utilities Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 16th will be given a dividend of $0.64 per share. The ex-dividend date is Monday, September 16th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.25%. Chesapeake Utilities’s payout ratio is currently 53.78%.
Analyst Ratings Changes
A number of research analysts have recently commented on CPK shares. Wells Fargo & Company boosted their target price on shares of Chesapeake Utilities from $105.00 to $115.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. Barclays started coverage on shares of Chesapeake Utilities in a research report on Thursday, May 30th. They set an equal weight rating and a $111.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $109.80.
Read Our Latest Stock Report on Chesapeake Utilities
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.
Featured Stories
Receive News & Ratings for Chesapeake Utilities Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Chesapeake Utilities and related companies with MarketBeat.com’s FREE daily email newsletter.