Equities research analysts predict that Chesapeake Utilities Co. (NYSE:CPK) will report sales of $147.85 million for the current quarter, Zacks reports. Two analysts have made estimates for Chesapeake Utilities’ earnings, with the lowest sales estimate coming in at $142.00 million and the highest estimate coming in at $153.70 million. Chesapeake Utilities posted sales of $141.87 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The company is expected to announce its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that Chesapeake Utilities will report full year sales of $147.85 million for the current year, with estimates ranging from $579.00 million to $590.90 million. For the next fiscal year, analysts anticipate that the company will post sales of $639.35 million per share, with estimates ranging from $631.00 million to $647.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Chesapeake Utilities.

A number of research firms recently commented on CPK. Zacks Investment Research lowered shares of Chesapeake Utilities from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Sidoti began coverage on shares of Chesapeake Utilities in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $85.00 price objective for the company. Finally, BidaskClub raised shares of Chesapeake Utilities from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th.

Chesapeake Utilities (CPK) opened at $76.60 on Thursday. Chesapeake Utilities has a 12-month low of $63.00 and a 12-month 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 stock has a market cap of $1,271.60, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 4.55 and a beta of 0.26.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, December 14th. Chesapeake Utilities’s dividend payout ratio is 48.33%.

Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. boosted its stake in shares of Chesapeake Utilities by 11.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,388 shares of the utilities provider’s stock valued at $104,000 after buying an additional 148 shares during the period. Pitcairn Co. acquired a new stake in shares of Chesapeake Utilities during the 3rd quarter valued at $201,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Chesapeake Utilities during the 3rd quarter valued at $207,000. Victory Capital Management Inc. boosted its stake in shares of Chesapeake Utilities by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,663 shares of the utilities provider’s stock valued at $200,000 after buying an additional 398 shares during the period. Finally, Symons Capital Management Inc. acquired a new stake in shares of Chesapeake Utilities during the 3rd quarter valued at $223,000. 62.16% of the stock is owned by institutional investors.

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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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