Chesapeake Utilities (NYSE:CPK) Updates FY25 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $6.15-6.35 for the period, compared to the consensus estimate of $6.25.

Analysts Set New Price Targets

CPK has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Friday, March 7th. LADENBURG THALM/SH SH raised Chesapeake Utilities to a “strong-buy” rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $122.67.

Chesapeake Utilities Trading Down 1.1 %

Chesapeake Utilities stock opened at $124.95 on Wednesday. The company’s fifty day moving average price is $125.79 and its two-hundred day moving average price is $124.11. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.38 and a quick ratio of 0.32. Chesapeake Utilities has a one year low of $98.32 and a one year high of $134.86. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 25.34 and a beta of 0.66.

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

Chesapeake Utilities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Friday, March 14th were paid a $0.64 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.56 dividend on an annualized basis and a yield of 2.05%. Chesapeake Utilities’s dividend payout ratio is 48.58%.

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.