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

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2028 earnings guidance on Thursday morning. 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.

Chesapeake Utilities Stock Up 2.6 %

NYSE:CPK traded up $3.10 during mid-day trading on Friday, hitting $124.63. 106,384 shares of the company’s stock were exchanged, compared to its average volume of 80,384. Chesapeake Utilities has a one year low of $83.79 and a one year high of $128.13. 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 business has a fifty day moving average price of $120.86 and a 200 day moving average price of $114.67. The company has a market cap of $2.80 billion, a PE ratio of 25.28 and a beta of 0.61.

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 the consensus estimate of $0.88 by ($0.02). Chesapeake Utilities had a return on equity of 9.51% and a net margin of 13.61%. The business had revenue of $166.30 million for the quarter, compared to the consensus estimate of $194.70 million. During the same period in the previous year, the firm earned $0.90 EPS. The company’s revenue was up 22.6% on a year-over-year basis. Equities analysts predict that Chesapeake Utilities will post 5.39 EPS for the current year.

Chesapeake Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.05%. The ex-dividend date is Monday, December 16th. Chesapeake Utilities’s payout ratio is currently 51.93%.

Wall Street Analyst Weigh In

CPK has been the topic of several research reports. Barclays boosted their price objective on shares of Chesapeake Utilities from $118.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. StockNews.com upgraded shares of Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday.

Insider Transactions at Chesapeake Utilities

In other news, Director Paul L. Maddock, Jr. sold 9,634 shares of the business’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 transaction of $1,094,037.04. Following the completion of the transaction, the director now directly owns 8,363 shares of the company’s stock, valued at $949,702.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.68% of the company’s stock.

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.