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.

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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.

Earnings History for Chesapeake Utilities Corporation (NYSE:CPK)

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