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

Chesapeake Utilities (NYSE:CPK) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.150-6.350 for the period, compared to the consensus estimate of 6.250. The company issued revenue guidance of -. Chesapeake Utilities also updated its FY 2024 guidance to 5.330-5.450 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday. Barclays raised their target price on Chesapeake Utilities from $118.00 to $124.00 and gave the company an “equal weight” rating in a report on Monday, October 7th.

Chesapeake Utilities Stock Up 2.6 %

Shares of NYSE:CPK traded up $3.10 during mid-day trading on Friday, hitting $124.63. 106,384 shares of the company traded hands, compared to its average volume of 80,384. The firm has a market cap of $2.80 billion, a P/E ratio of 25.28 and a beta of 0.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.32 and a current ratio of 0.38. Chesapeake Utilities has a 52-week low of $83.79 and a 52-week high of $128.13. The firm’s 50 day simple moving average is $120.86 and its 200 day simple moving average is $114.67.

Chesapeake Utilities (NYSE:CPK) last announced its earnings results on Thursday, August 8th. The utilities provider reported $0.86 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.02). Chesapeake Utilities had a net margin of 13.61% and a return on equity of 9.51%. The company had revenue of $166.30 million for the quarter, compared to analysts’ expectations of $194.70 million. During the same quarter in the previous year, the business posted $0.90 earnings per share. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, equities analysts anticipate that Chesapeake Utilities will post 5.39 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities’s payout ratio is 51.93%.

Insider Buying and Selling at Chesapeake Utilities

In other Chesapeake Utilities news, Director Paul L. Maddock, Jr. sold 9,634 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $113.56, for a total value of $1,094,037.04. Following the transaction, the director now directly owns 8,363 shares of the company’s stock, valued at $949,702.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.68% of the stock is currently owned by corporate insiders.

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.