Chesapeake Utilities (CPK) to Release Quarterly Earnings on Thursday

Chesapeake Utilities (NYSE:CPK - Get Free Report) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Chesapeake Utilities to post earnings of $0.69 per share for the quarter. Chesapeake Utilities has set its FY24 guidance at $5.33-$5.45 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last released its quarterly 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). The firm had revenue of $166.30 million for the quarter, compared to analysts' expectations of $194.70 million. Chesapeake Utilities had a net margin of 13.61% and a return on equity of 9.51%. The firm's revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. On average, analysts expect Chesapeake Utilities to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Chesapeake Utilities Price Performance

Shares of CPK traded down $0.94 during mid-day trading on Thursday, reaching $119.69. 123,177 shares of the stock traded hands, compared to its average volume of 113,784. The firm has a fifty day moving average price of $120.33 and a 200 day moving average price of $113.79. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 25.14 and a beta of 0.61. 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 1 year low of $83.79 and a 1 year high of $125.34.

Chesapeake Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 16th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, September 16th. Chesapeake Utilities's dividend payout ratio is currently 53.78%.

Insider Buying and Selling at Chesapeake Utilities

In other Chesapeake Utilities news, Director Paul L. Maddock, Jr. sold 9,634 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $113.56, for a total value of $1,094,037.04. Following the transaction, the director now owns 8,363 shares in the company, valued at approximately $949,702.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.68% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their price target on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th.

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.