Chesapeake Utilities (NYSE:CPK) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Chesapeake Utilities (NYSE:CPK) released its earnings results on Wednesday. The utilities provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.04), RTT News reports. The business had revenue of $215.00 million during the quarter, compared to analysts’ expectations of $237.84 million. Chesapeake Utilities had a return on equity of 9.08% and a net margin of 14.16%. During the same period last year, the business earned $1.64 earnings per share. Chesapeake Utilities updated its FY 2028 guidance to 7.750-8.000 EPS and its FY 2025 guidance to 6.150-6.350 EPS.

Chesapeake Utilities Price Performance

CPK opened at $126.34 on Thursday. The stock’s 50-day moving average price is $121.93 and its 200 day moving average price is $122.22. Chesapeake Utilities has a 12-month low of $98.32 and a 12-month high of $134.20. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 25.63 and a beta of 0.65. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87.

Chesapeake Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 14th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.03%. Chesapeake Utilities’s dividend payout ratio is presently 51.93%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Guggenheim boosted their price objective on Chesapeake Utilities from $118.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $123.00.

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.