Chesapeake Utilities (NYSE:CPK) Issues FY 2028 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2028 earnings guidance on Friday morning. The company provided EPS guidance of 7.750-8.000 for the period. The company issued revenue guidance of -. Chesapeake Utilities also updated its FY 2024 guidance to 5.330-5.450 EPS.

Chesapeake Utilities Stock Performance

Shares of CPK opened at $113.90 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93. The stock has a market cap of $2.54 billion, a P/E ratio of 23.93 and a beta of 0.60. The company has a 50-day moving average of $111.05 and a two-hundred day moving average of $107.28. Chesapeake Utilities has a 12-month low of $83.79 and a 12-month high of $120.84.

Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). The firm had revenue of $166.30 million during the quarter, compared to analyst estimates of $194.70 million. Chesapeake Utilities had a net margin of 13.90% and a return on equity of 10.17%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. As a group, research analysts predict that Chesapeake Utilities will post 5.41 EPS for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 16th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, September 16th. Chesapeake Utilities’s dividend payout ratio (DPR) is 53.78%.

Analyst Upgrades and Downgrades

CPK has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Chesapeake Utilities from $105.00 to $115.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. Barclays began coverage on shares of Chesapeake Utilities in a research note on Thursday, May 30th. They set an equal weight rating and a $111.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $109.80.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.