Chesapeake Utilities Corporation (CPK) Releases Earnings Results, Misses Expectations By $-0.17 EPS

Chesapeake Utilities Corporation (CPK) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $1.33 earnings per share for the quarter, missing the analyst consensus estimate by $-0.17. Analysts had a consensus of $1.50. The company posted revenue of $146.30 million in the period, compared to analysts expectations of $183.20 million. The company’s revenue was down -14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Chesapeake Utilities Corporation opened for trading at $59.52 and hit $60.59 on the upside on Monday, eventually ending the session at $60.25, with a gain of 1.23% or 0.73 points. The heightened volatility saw the trading volume jump to 1,83,747 shares. Company has a market cap of $920 M.

In a different news, on Mar 8, 2016, Elaine B. Bittner (Senior VP – Strategic Dev.) purchased 17 shares at $59.96 per share price. According to the SEC, on Mar 8, 2016, Beth W Cooper (Senior Vice President & CFO) purchased 3 shares at $59.96 per share price. On Mar 7, 2016, Thomas P Jr Hill (director) purchased 1,000 shares at $57.20 per share price, according to the Form-4 filing with the securities and exchange commission.

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company through its operating divisions and subsidiaries is engaged in various energy and other businesses. The Company provides natural gas distribution and transmission electric distribution and propane distribution service. The Company operates in Regulated Energy Unregulated Energy and Other. The Regulated Energy segment includes the Company’s natural gas distribution natural gas transmission and electric distribution operations. The Unregulated Energy segment includes its propane distribution propane wholesale marketing and natural gas marketing operations which are unregulated as to their rates and services. Other segment consists of unregulated subsidiaries that own real estate leased to Chesapeake.

Chesapeake Utilities Corporation

Leave a Reply

Chesapeake Utilities Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Chesapeake Utilities Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.