Equities analysts predict that Chesapeake Utilities Co. (NYSE:CPK) will post sales of $147.85 million for the current quarter, according to Zacks. Two analysts have issued estimates for Chesapeake Utilities’ earnings, with the highest sales estimate coming in at $153.70 million and the lowest estimate coming in at $142.00 million. Chesapeake Utilities posted sales of $141.87 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The business is scheduled to report its next quarterly earnings results on Monday, February 26th.
On average, analysts expect that Chesapeake Utilities will report full year sales of $147.85 million for the current financial year, with estimates ranging from $579.00 million to $590.90 million. For the next fiscal year, analysts expect that the business will report sales of $639.35 million per share, with estimates ranging from $631.00 million to $647.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Chesapeake Utilities.
Chesapeake Utilities (NYSE:CPK) last posted its quarterly earnings results on Thursday, November 9th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The business had revenue of $126.94 million for the quarter, compared to analyst estimates of $123.65 million. Chesapeake Utilities had a net margin of 7.58% and a return on equity of 9.58%.
Shares of Chesapeake Utilities (NYSE:CPK) opened at $68.35 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1,131.04, a P/E ratio of 25.41, a P/E/G ratio of 3.40 and a beta of 0.15. Chesapeake Utilities has a 52-week low of $64.30 and a 52-week high of $86.35.
In related news, Director Thomas P. Hill, Jr. bought 1,000 shares of the business’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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John R. Schimkaitis sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $76.65, for a total transaction of $191,625.00. The disclosure for this sale can be found here. Company insiders own 4.16% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Advisory Services Network LLC raised its stake in shares of Chesapeake Utilities by 1.2% during the second quarter. Advisory Services Network LLC now owns 2,985 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 34 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Chesapeake Utilities by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 12,280 shares of the utilities provider’s stock valued at $921,000 after acquiring an additional 127 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Chesapeake Utilities by 11.9% during the second quarter. Ameritas Investment Partners Inc. now owns 1,388 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 148 shares during the last quarter. Cortina Asset Management LLC raised its stake in shares of Chesapeake Utilities by 0.9% during the third quarter. Cortina Asset Management LLC now owns 80,287 shares of the utilities provider’s stock valued at $6,282,000 after acquiring an additional 705 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Chesapeake Utilities by 10.4% during the second quarter. Voya Investment Management LLC now owns 7,985 shares of the utilities provider’s stock valued at $598,000 after acquiring an additional 755 shares during the last quarter. Hedge funds and other institutional investors own 61.91% of the company’s stock.
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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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