Chesapeake Utilities (CPK) Set to Announce Earnings on Thursday

Chesapeake Utilities (NYSE:CPK) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Chesapeake Utilities to post earnings of $0.69 per share for the quarter. Chesapeake Utilities has set its FY24 guidance at $5.33-$5.45 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). The firm had revenue of $166.30 million for the quarter, compared to analysts’ expectations of $194.70 million. Chesapeake Utilities had a net margin of 13.61% and a return on equity of 9.51%. Chesapeake Utilities’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 earnings per share. 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

Chesapeake Utilities stock opened at $119.89 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.38 and a quick ratio of 0.32. The company has a market cap of $2.69 billion, a P/E ratio of 25.62 and a beta of 0.61. Chesapeake Utilities has a fifty-two week low of $83.79 and a fifty-two week high of $125.34. The firm’s 50 day simple moving average is $120.43 and its 200-day simple moving average is $114.25.

Chesapeake Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 16th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Monday, September 16th. Chesapeake Utilities’s payout ratio is 54.70%.

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 that occurred on 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 transaction, the director now owns 8,363 shares in the company, valued at approximately $949,702.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Barclays raised their target price on Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th.

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.