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 EPS guidance of $6.15-6.35 for the period, compared to the consensus EPS estimate of $6.25.

Wall Street Analyst Weigh In

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

Chesapeake Utilities Stock Down 2.2 %

NYSE:CPK opened at $130.49 on Monday. Chesapeake Utilities has a 1-year low of $98.32 and a 1-year high of $134.86. The company has a market capitalization of $3.00 billion, a PE ratio of 26.47 and a beta of 0.66. The firm’s 50-day moving average price is $125.63 and its 200-day moving average price is $124.06. 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 (NYSE:CPK) last announced its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.04). Chesapeake Utilities had a return on equity of 9.08% and a net margin of 14.16%. The business had revenue of $215.00 million during the quarter, compared to analysts’ expectations of $237.84 million. During the same quarter last year, the company posted $1.64 EPS. On average, equities analysts predict that Chesapeake Utilities will post 5.39 EPS for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, March 14th. Chesapeake Utilities’s dividend payout ratio (DPR) is 48.58%.

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.