Chesapeake Utilities (CPK) Set to Announce Quarterly Earnings on Wednesday

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

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings results 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. Chesapeake Utilities had a return on equity of 10.19% and a net margin of 13.01%. The business had revenue of $185.30 million during the quarter, compared to analyst estimates of $234.60 million. During the same quarter in the previous year, the company posted $1.47 earnings per share. Chesapeake Utilities’s revenue for the quarter was down 1.1% on a year-over-year basis. 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

NYSE:CPK opened at $105.87 on Wednesday. The firm has a market capitalization of $2.36 billion, a PE ratio of 22.38 and a beta of 0.60. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.48. The stock has a 50-day simple moving average of $103.82 and a two-hundred day simple moving average of $100.46. Chesapeake Utilities has a 52-week low of $83.79 and a 52-week high of $132.91.

Chesapeake Utilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 14th. Chesapeake Utilities’s dividend payout ratio (DPR) is 49.89%.

Wall Street Analyst Weigh In

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

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.