Chesapeake Utilities (NYSE:CPK) Announces Quarterly Earnings Results

Chesapeake Utilities (NYSE:CPK) announced its quarterly earnings results on Wednesday. The utilities provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.04), RTT News reports. Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. The company had revenue of $215.00 million during the quarter, compared to analysts’ expectations of $237.84 million. During the same quarter in the prior year, the business posted $1.64 earnings per share. Chesapeake Utilities updated its FY 2028 guidance to 7.750-8.000 EPS and its FY 2025 guidance to 6.150-6.350 EPS.

Chesapeake Utilities Stock Performance

Shares of CPK opened at $126.92 on Friday. The stock has a 50-day moving average of $122.10 and a two-hundred day moving average of $122.26. The stock has a market cap of $2.89 billion, a P/E ratio of 25.75 and a beta of 0.65. Chesapeake Utilities has a one year low of $98.32 and a one year high of $134.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38.

Chesapeake Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be given a dividend of $0.64 per share. The ex-dividend date is Friday, March 14th. This represents a $2.56 dividend on an annualized basis and a yield of 2.02%. Chesapeake Utilities’s dividend payout ratio is currently 51.93%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Guggenheim lifted their price target on Chesapeake Utilities from $118.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. StockNews.com cut Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $123.00.

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.