Chesapeake Utilities Corporation (CPK) Scheduled to Post Earnings on Wednesday
Chesapeake Utilities Corporation (NYSE:CPK) is set to post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Chesapeake Utilities Corporation to post earnings of $0.35 per share for the quarter.
Chesapeake Utilities Corporation (NYSE:CPK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.18). Chesapeake Utilities Corporation had a net margin of 7.40% and a return on equity of 9.18%. The company had revenue of $125.08 million during the quarter, compared to analyst estimates of $116.50 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 22.2% compared to the same quarter last year. On average, analysts expect Chesapeake Utilities Corporation to post $2.83 EPS for the current fiscal year and $3.39 EPS for the next fiscal year.
Chesapeake Utilities Corporation (NYSE CPK) opened at 80.15 on Wednesday. The firm has a 50-day moving average price of $79.65 and a 200-day moving average price of $76.49. The firm has a market capitalization of $1.31 billion, a P/E ratio of 31.16 and a beta of 0.27. Chesapeake Utilities Corporation has a one year low of $58.00 and a one year high of $82.15.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were paid a $0.325 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.30 annualized dividend and a dividend yield of 1.62%. Chesapeake Utilities Corporation’s dividend payout ratio (DPR) is currently 50.78%.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Chesapeake Utilities Corporation from a “strong sell” rating to a “hold” rating in a research note on Monday. Sidoti assumed coverage on Chesapeake Utilities Corporation in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $85.00 target price on the stock. Finally, BidaskClub upgraded Chesapeake Utilities Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Chesapeake Utilities Corporation has a consensus rating of “Hold” and an average price target of $73.00.
TRADEMARK VIOLATION NOTICE: “Chesapeake Utilities Corporation (CPK) Scheduled to Post Earnings on Wednesday” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/25/chesapeake-utilities-corporation-cpk-scheduled-to-post-earnings-on-wednesday.html.
Chesapeake Utilities Corporation 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.
Receive News & Ratings for Chesapeake Utilities Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Utilities Corporation and related companies with MarketBeat.com's FREE daily email newsletter.