Brokerages Anticipate Chesapeake Utilities Co. (CPK) to Post $0.85 EPS

Analysts expect Chesapeake Utilities Co. (NYSE:CPK) to report $0.85 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Chesapeake Utilities’ earnings. The highest EPS estimate is $0.91 and the lowest is $0.73. Chesapeake Utilities posted earnings per share of $0.73 during the same quarter last year, which indicates a positive year-over-year growth rate of 16.4%. The firm is expected to announce its next quarterly earnings results on Monday, February 26th.

On average, analysts expect that Chesapeake Utilities will report full year earnings of $2.85 per share for the current financial year, with EPS estimates ranging from $2.81 to $2.87. For the next financial year, analysts expect that the business will post earnings of $3.39 per share, with EPS estimates ranging from $3.33 to $3.45. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Chesapeake Utilities.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Thursday, November 9th. The utilities provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.07. Chesapeake Utilities had a return on equity of 9.58% and a net margin of 7.58%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Chesapeake Utilities from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Sidoti assumed coverage on Chesapeake Utilities in a report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 price objective on the stock.

Chesapeake Utilities (CPK) traded down $0.40 during trading hours on Friday, hitting $69.10. The stock had a trading volume of 93,185 shares, compared to its average volume of 53,650. Chesapeake Utilities has a fifty-two week low of $63.10 and a fifty-two week high of $86.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.44 and a quick ratio of 0.39. The company has a market cap of $1,129.37, a PE ratio of 25.69, a PEG ratio of 3.40 and a beta of 0.26.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, December 14th. Chesapeake Utilities’s dividend payout ratio (DPR) is presently 48.33%.

In other news, Director Thomas P. Hill, Jr. bought 1,000 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were purchased at an average price of $75.62 per share, for a total transaction of $75,620.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John R. Schimkaitis sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $76.65, for a total value of $191,625.00. The disclosure for this sale can be found here. Insiders own 4.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPK. Ameritas Investment Partners Inc. lifted its stake in Chesapeake Utilities by 11.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,388 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 148 shares in the last quarter. Pitcairn Co. bought a new stake in Chesapeake Utilities in the 3rd quarter valued at approximately $201,000. Chevy Chase Trust Holdings Inc. bought a new stake in Chesapeake Utilities in the 3rd quarter valued at approximately $207,000. Symons Capital Management Inc. bought a new stake in Chesapeake Utilities in the 3rd quarter valued at approximately $223,000. Finally, Advisory Services Network LLC lifted its stake in Chesapeake Utilities by 1.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,985 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 62.16% of the company’s stock.

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Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.

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