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

Chesapeake Utilities (NYSE:CPK) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 6.150-6.350 for the period, compared to the consensus EPS estimate of 6.240. The company issued revenue guidance of -. Chesapeake Utilities also updated its FY 2024 guidance to 5.330-5.450 EPS.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CPK. Barclays began coverage on shares of Chesapeake Utilities in a research note on Thursday, May 30th. They set an equal weight rating and a $111.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Chesapeake Utilities from $105.00 to $115.00 and gave the company an equal weight rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $109.80.

Chesapeake Utilities Trading Down 1.1 %

NYSE:CPK opened at $113.90 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.46 and a quick ratio of 0.38. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. Chesapeake Utilities has a one year low of $83.79 and a one year high of $120.84. The business has a fifty day moving average price of $111.05 and a 200-day moving average price of $107.28.

Chesapeake Utilities (NYSE:CPK) last issued 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). The company had revenue of $166.30 million for the quarter, compared to analysts’ expectations of $194.70 million. Chesapeake Utilities had a return on equity of 10.17% and a net margin of 13.90%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. Sell-side analysts forecast that Chesapeake Utilities will post 5.41 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 16th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, September 16th. Chesapeake Utilities’s payout ratio is 53.78%.

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.