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

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

Chesapeake Utilities Stock Performance

Shares of NYSE CPK traded up $3.10 during midday trading on Friday, hitting $124.63. The company’s stock had a trading volume of 106,384 shares, compared to its average volume of 80,384. The stock has a fifty day moving average price of $120.86 and a 200 day moving average price of $114.67. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 25.28 and a beta of 0.61. Chesapeake Utilities has a one year low of $83.79 and a one year high of $128.13. 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 (NYSE:CPK) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.86 earnings per share 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 firm had revenue of $166.30 million for the quarter, compared to analysts’ expectations of $194.70 million. During the same period in the previous year, the company earned $0.90 EPS. The company’s quarterly revenue was up 22.6% on a year-over-year basis. On average, research analysts forecast that Chesapeake Utilities will post 5.39 EPS for the current fiscal year.

Chesapeake Utilities Dividend Announcement

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

Analyst Ratings Changes

CPK has been the topic of a number of research reports. StockNews.com raised Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday. Barclays increased their price objective on Chesapeake Utilities from $118.00 to $124.00 and gave the company an “equal weight” rating in a report on Monday, October 7th.

Insider Buying and Selling

In other Chesapeake Utilities news, Director Paul L. Maddock, Jr. sold 9,634 shares of the company’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 sale, the director now owns 8,363 shares of the company’s stock, valued at $949,702.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.68% of the stock is owned by company 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.