Chesapeake Utilities (NYSE:CPK) released its quarterly earnings data on Thursday. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03), Fidelity Earnings reports. Chesapeake Utilities had a net margin of 8.62% and a return on equity of 11.30%. The company had revenue of $92.63 million for the quarter, compared to the consensus estimate of $170.20 million.
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Shares of NYSE:CPK traded down $1.15 during trading on Friday, reaching $88.02. The company’s stock had a trading volume of 79,325 shares, compared to its average volume of 59,471. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 0.53. Chesapeake Utilities has a 12 month low of $77.20 and a 12 month high of $97.00. The firm’s 50 day simple moving average is $93.74 and its two-hundred day simple moving average is $93.39. The stock has a market capitalization of $1.48 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.46 and a beta of 0.15.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, December 13th. Chesapeake Utilities’s payout ratio is 48.94%.
In related news, insider John R. Schimkaitis sold 2,500 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $94.41, for a total value of $236,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 2,858 shares of company stock valued at $269,817. 4.18% of the stock is owned by insiders.
A number of brokerages recently commented on CPK. Maxim Group set a $110.00 price target on shares of Chesapeake Utilities and gave the company a “buy” rating in a report on Friday, October 11th. Zacks Investment Research downgraded shares of Chesapeake Utilities from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. ValuEngine downgraded shares of Chesapeake Utilities from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Chesapeake Utilities in a report on Friday. Finally, Sidoti began coverage on shares of Chesapeake Utilities in a report on Thursday, October 24th. They issued a “buy” rating and a $108.00 price target for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $100.65.
Chesapeake Utilities Company Profile
Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.
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