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

Chesapeake Utilities (NYSE:CPK - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 6.150-6.350 for the period, compared to the consensus earnings per share estimate of 6.250. The company issued revenue guidance of -.

Chesapeake Utilities Trading Up 1.7 %

Chesapeake Utilities stock traded up $2.24 during mid-day trading on Tuesday, hitting $135.93. The stock had a trading volume of 40,798 shares, compared to its average volume of 101,979. The stock has a market capitalization of $3.13 billion, a PE ratio of 27.58 and a beta of 0.66. Chesapeake Utilities has a 12 month low of $102.64 and a 12 month high of $136.52. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. The stock has a 50-day simple moving average of $127.52 and a two-hundred day simple moving average of $124.76.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $1.63 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($0.04). Chesapeake Utilities had a return on equity of 9.08% and a net margin of 14.16%. The business had revenue of $215.00 million for the quarter, compared to the consensus estimate of $237.84 million. During the same period last year, the firm earned $1.64 earnings per share. As a group, sell-side analysts forecast that Chesapeake Utilities will post 5.39 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Friday, March 14th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, March 14th. Chesapeake Utilities's payout ratio is 48.58%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CPK. LADENBURG THALM/SH SH raised shares of Chesapeake Utilities to a "strong-buy" rating in a report on Thursday, April 3rd. Barclays lifted their price objective on Chesapeake Utilities from $120.00 to $125.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, StockNews.com upgraded Chesapeake Utilities from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chesapeake Utilities presently has an average rating of "Hold" and a consensus price target of $123.00.

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.