Wall Street analysts expect Chesapeake Utilities Co. (NYSE:CPK) to post $185.70 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Chesapeake Utilities’ earnings, with the highest sales estimate coming in at $208.10 million and the lowest estimate coming in at $163.30 million. Chesapeake Utilities reported sales of $180.40 million in the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The firm is scheduled to announce its next earnings report on Wednesday, February 27th.

On average, analysts expect that Chesapeake Utilities will report full year sales of $678.33 million for the current year, with estimates ranging from $631.00 million to $724.40 million. For the next year, analysts expect that the business will report sales of $724.00 million, with estimates ranging from $657.00 million to $813.60 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Chesapeake Utilities.

Chesapeake Utilities (NYSE:CPK) last released its earnings results on Thursday, November 8th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.15). Chesapeake Utilities had a return on equity of 10.25% and a net margin of 9.31%. The firm had revenue of $140.28 million for the quarter, compared to the consensus estimate of $142.85 million.

A number of research analysts have commented on CPK shares. Maxim Group started coverage on Chesapeake Utilities in a report on Wednesday, November 28th. They set a “buy” rating and a $100.00 target price on the stock. Janney Montgomery Scott raised Chesapeake Utilities from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Friday, November 2nd. They noted that the move was a valuation call. Zacks Investment Research downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, Wells Fargo & Co increased their target price on Chesapeake Utilities from $82.00 to $86.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Chesapeake Utilities currently has an average rating of “Hold” and an average price target of $92.81.

NYSE:CPK traded down $0.44 during trading hours on Friday, reaching $83.37. 49,600 shares of the stock were exchanged, compared to its average volume of 62,425. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 0.48. Chesapeake Utilities has a 52 week low of $66.35 and a 52 week high of $93.40. The company has a market cap of $1.35 billion, a PE ratio of 28.85, a P/E/G ratio of 3.75 and a beta of 0.18.

The business also recently declared a quarterly dividend, which was paid on Monday, January 7th. Investors of record on Friday, December 14th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, December 13th. Chesapeake Utilities’s dividend payout ratio (DPR) is 51.21%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. United Services Automobile Association bought a new stake in shares of Chesapeake Utilities in the 2nd quarter worth approximately $209,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Chesapeake Utilities in the 3rd quarter worth approximately $263,000. WINTON GROUP Ltd raised its stake in Chesapeake Utilities by 16.5% during the 3rd quarter. WINTON GROUP Ltd now owns 4,857 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 688 shares in the last quarter. Strs Ohio raised its stake in Chesapeake Utilities by 45.7% during the 2nd quarter. Strs Ohio now owns 6,700 shares of the utilities provider’s stock valued at $535,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Yorktown Management & Research Co Inc raised its stake in Chesapeake Utilities by 9.0% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 7,631 shares of the utilities provider’s stock valued at $640,000 after acquiring an additional 631 shares in the last quarter. 64.66% of the stock is currently owned by institutional investors and hedge funds.

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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