Chesapeake Utilities (NYSE:CPK) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 8th. Analysts expect Chesapeake Utilities to post earnings of $0.48 per share for the quarter.
Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings data on Thursday, August 9th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Chesapeake Utilities had a net margin of 9.68% and a return on equity of 10.75%. The business had revenue of $136.66 million during the quarter, compared to the consensus estimate of $140.85 million. On average, analysts expect Chesapeake Utilities to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of CPK stock opened at $79.45 on Thursday. Chesapeake Utilities has a 52-week low of $66.35 and a 52-week high of $93.09. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 3.94 and a beta of -0.01. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48.
A number of equities analysts have issued reports on the stock. Wells Fargo & Co raised their price objective on shares of Chesapeake Utilities from $82.00 to $86.00 and gave the company a “market perform” rating in a research note on Monday, September 17th. Janney Montgomery Scott cut shares of Chesapeake Utilities from a “buy” rating to a “neutral” rating and set a $86.00 price objective on the stock. in a research note on Monday, September 24th. ValuEngine raised shares of Chesapeake Utilities from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Finally, Zacks Investment Research cut shares of Chesapeake Utilities from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $88.33.
About Chesapeake Utilities
Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.
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