Chesapeake Utilities (CPK) Issues Quarterly Earnings Results

Chesapeake Utilities (NYSE:CPK) posted its quarterly earnings data on Thursday. The utilities provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.15), Fidelity Earnings reports. Chesapeake Utilities had a net margin of 9.68% and a return on equity of 10.75%.

Shares of CPK stock traded up $0.11 during trading hours on Friday, reaching $82.64. 69,500 shares of the company’s stock were exchanged, compared to its average volume of 59,650. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 4.00 and a beta of 0.09. Chesapeake Utilities has a 1 year low of $66.35 and a 1 year high of $93.09. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 13th. Chesapeake Utilities’s dividend payout ratio (DPR) is 51.21%.

CPK has been the subject of several analyst reports. Wells Fargo & Co upped their price objective on Chesapeake Utilities from $82.00 to $86.00 and gave the company a “market perform” rating in a research note on Monday, September 17th. Zacks Investment Research downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine downgraded Chesapeake Utilities from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Janney Montgomery Scott raised Chesapeake Utilities from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Friday, November 2nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $88.33.

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Chesapeake Utilities Company Profile

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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Earnings History for Chesapeake Utilities (NYSE:CPK)

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