Chesapeake Utilities (NYSE:CPK – Get Free Report) announced its earnings results on Wednesday. The utilities provider reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04), Briefing.com reports. Chesapeake Utilities had a net margin of 13.01% and a return on equity of 10.19%. The company had revenue of $245.70 million during the quarter, compared to analysts’ expectations of $260.16 million. During the same quarter last year, the business posted $2.04 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year.
Chesapeake Utilities Price Performance
NYSE:CPK traded up $0.73 during mid-day trading on Thursday, hitting $111.26. 112,847 shares of the company’s stock traded hands, compared to its average volume of 128,947. Chesapeake Utilities has a 1 year low of $83.79 and a 1 year high of $132.91. The company has a market cap of $2.48 billion, a PE ratio of 23.55 and a beta of 0.60. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.48. The firm’s 50 day simple moving average is $104.76 and its 200 day simple moving average is $101.22.
Chesapeake Utilities Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.64 dividend. The ex-dividend date is Friday, June 14th. This is a positive change from Chesapeake Utilities’s previous quarterly dividend of $0.59. This represents a $2.56 annualized dividend and a dividend yield of 2.30%. Chesapeake Utilities’s payout ratio is currently 49.89%.
Analyst Ratings Changes
Get Our Latest Stock Analysis on CPK
Chesapeake Utilities Company Profile
Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.
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