Chesapeake Utilities Corporation (CPK) Scheduled to Post Quarterly Earnings on Thursday
Chesapeake Utilities Corporation (NYSE:CPK) will announce its earnings results before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
Chesapeake Utilities Corporation (NYSE:CPK) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.18). Chesapeake Utilities Corporation had a return on equity of 9.18% and a net margin of 7.40%. The firm had revenue of $125.08 million during the quarter, compared to analysts’ expectations of $116.50 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Chesapeake Utilities Corporation’s revenue was up 22.2% on a year-over-year basis. 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.
CPK has been the topic of a number of recent research reports. BidaskClub upgraded shares of Chesapeake Utilities Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Chesapeake Utilities Corporation from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Sidoti initiated coverage on shares of Chesapeake Utilities Corporation in a research report on Wednesday, October 18th. They set a “neutral” rating and a $85.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $73.00.
About Chesapeake Utilities Corporation
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.