Brokerages expect Chesapeake Utilities Co. (NYSE:CPK) to announce earnings per share (EPS) of $1.34 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 $1.30 and the highest estimate coming in at $1.38. Chesapeake Utilities reported earnings per share of $1.17 in the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The business is expected to announce its next earnings report on Wednesday, May 2nd.
On average, analysts expect that Chesapeake Utilities will report full-year earnings of $3.44 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.50. For the next fiscal year, analysts expect that the firm will post earnings of $3.77 per share, with EPS estimates ranging from $3.65 to $3.95. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Chesapeake Utilities.
Chesapeake Utilities (NYSE:CPK) last announced its earnings results on Wednesday, February 28th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $180.40 million for the quarter, compared to analyst estimates of $147.85 million. Chesapeake Utilities had a return on equity of 10.10% and a net margin of 9.41%.
In other Chesapeake Utilities news, insider John R. Schimkaitis sold 2,500 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $76.65, for a total transaction of $191,625.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas P. Hill, Jr. purchased 1,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were purchased at an average price of $75.62 per share, for a total transaction of $75,620.00. The disclosure for this purchase can be found here. 4.16% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. New Amsterdam Partners LLC NY purchased a new stake in shares of Chesapeake Utilities in the fourth quarter worth about $4,935,000. Millennium Management LLC purchased a new stake in shares of Chesapeake Utilities in the fourth quarter worth about $4,699,000. BlackRock Inc. boosted its stake in shares of Chesapeake Utilities by 3.5% in the fourth quarter. BlackRock Inc. now owns 1,020,450 shares of the utilities provider’s stock worth $80,158,000 after buying an additional 34,339 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Chesapeake Utilities by 64.3% in the fourth quarter. Wells Fargo & Company MN now owns 81,821 shares of the utilities provider’s stock worth $6,428,000 after buying an additional 32,018 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of Chesapeake Utilities by 9.6% in the fourth quarter. William Blair Investment Management LLC now owns 332,218 shares of the utilities provider’s stock worth $26,096,000 after buying an additional 29,037 shares during the last quarter. Institutional investors and hedge funds own 62.34% of the company’s stock.
Chesapeake Utilities (NYSE:CPK) traded down $0.35 during trading on Tuesday, reaching $70.50. The company’s stock had a trading volume of 21,509 shares, compared to its average volume of 71,642. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1,142.48, a P/E ratio of 19.82, a PEG ratio of 3.39 and a beta of 0.26. Chesapeake Utilities has a twelve month low of $66.25 and a twelve month high of $86.35.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.325 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.30 annualized dividend and a yield of 1.84%. Chesapeake Utilities’s payout ratio is presently 36.62%.
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About Chesapeake Utilities
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.
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