Wall Street brokerages forecast that Chesapeake Utilities Co. (NYSE:CPK) will announce earnings of $0.54 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Chesapeake Utilities’ earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.59. Chesapeake Utilities posted earnings per share of $0.48 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The business is expected to issue its next earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Chesapeake Utilities will report full year earnings of $3.71 per share for the current year, with EPS estimates ranging from $3.65 to $3.75. For the next financial year, analysts expect that the company will report earnings of $3.94 per share, with EPS estimates ranging from $3.93 to $3.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Chesapeake Utilities.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.08. The company had revenue of $227.62 million for the quarter, compared to the consensus estimate of $271.10 million. Chesapeake Utilities had a net margin of 8.27% and a return on equity of 11.41%.

CPK has been the topic of a number of recent analyst reports. Wells Fargo & Co increased their price target on shares of Chesapeake Utilities from $84.00 to $90.00 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Maxim Group set a $100.00 price target on shares of Chesapeake Utilities and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research downgraded shares of Chesapeake Utilities from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Chesapeake Utilities currently has an average rating of “Hold” and an average price target of $97.31.

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its stake in Chesapeake Utilities by 40.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 398 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 115 shares during the period. Tradewinds Capital Management LLC raised its stake in Chesapeake Utilities by 80.0% during the first quarter. Tradewinds Capital Management LLC now owns 450 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 200 shares during the period. Meeder Asset Management Inc. purchased a new position in Chesapeake Utilities during the first quarter worth approximately $83,000. Essex Investment Management Co. LLC purchased a new position in Chesapeake Utilities during the fourth quarter worth approximately $74,000. Finally, US Bancorp DE raised its stake in Chesapeake Utilities by 27.3% during the first quarter. US Bancorp DE now owns 1,559 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 334 shares during the period. 65.16% of the stock is currently owned by institutional investors.

NYSE:CPK opened at $93.64 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 3.60 and a beta of 0.27. Chesapeake Utilities has a fifty-two week low of $74.75 and a fifty-two week high of $95.60.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.405 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.62 dividend on an annualized basis and a yield of 1.73%. This is an increase from Chesapeake Utilities’s previous quarterly dividend of $0.37. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 48.94%.

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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