Chesapeake Utilities (CPK) Set to Announce Earnings on Wednesday

Chesapeake Utilities (NYSE:CPK) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $2.14 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Chesapeake Utilities (NYSE:CPK) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.11. The business had revenue of $185.30 million during the quarter, compared to the consensus estimate of $234.60 million. Chesapeake Utilities had a net margin of 13.01% and a return on equity of 10.19%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. On average, analysts expect Chesapeake Utilities to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Chesapeake Utilities Stock Performance

CPK stock opened at $110.05 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.48 and a quick ratio of 0.40. Chesapeake Utilities has a 1 year low of $83.79 and a 1 year high of $132.91. The company has a market cap of $2.45 billion, a P/E ratio of 23.27 and a beta of 0.60. The stock’s fifty day moving average price is $104.19 and its 200-day moving average price is $100.88.

Chesapeake Utilities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Thursday, March 14th. Chesapeake Utilities’s dividend payout ratio is 49.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of Chesapeake Utilities from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. StockNews.com downgraded shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Thursday, February 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Chesapeake Utilities from $101.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chesapeake Utilities currently has an average rating of “Hold” and a consensus price target of $107.00.

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.