Chesapeake Utilities (NYSE:CPK) Issues FY 2028 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) updated its FY 2028 earnings guidance on Wednesday. The company provided earnings per share guidance of 7.750-8.000 for the period. The company issued revenue guidance of -. Chesapeake Utilities also updated its FY 2024 guidance to 5.330-5.450 EPS.

Wall Street Analyst Weigh In

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

Chesapeake Utilities Stock Down 0.1 %

NYSE CPK traded down $0.11 during trading on Wednesday, reaching $110.76. The company’s stock had a trading volume of 64,278 shares, compared to its average volume of 129,129. The company has a current ratio of 0.48, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $2.47 billion, a PE ratio of 23.42 and a beta of 0.60. Chesapeake Utilities has a 1-year low of $83.79 and a 1-year high of $132.91. The business has a 50-day moving average price of $104.55 and a 200-day moving average price of $101.15.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.11. The business had revenue of $185.30 million during the quarter, compared to analyst estimates of $234.60 million. Chesapeake Utilities had a net margin of 13.01% and a return on equity of 10.19%. Chesapeake Utilities’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.47 EPS. On average, research analysts forecast that Chesapeake Utilities will post 5.41 earnings per share for the current fiscal year.

Chesapeake Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Thursday, March 14th. Chesapeake Utilities’s dividend payout ratio is 49.89%.

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.