Chesapeake Utilities Corporation (CPK) Releases Earnings Results, Beats Expectations By $0.07 EPS

Chesapeake Utilities Corporation (CPK) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.52 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.45. The company posted revenue of $102.34 million in the period, compared to analysts expectations of $100.90 million. The company’s revenue was up 10.4% compared to the same quarter last year.

Many Wall Street Analysts have commented on Chesapeake Utilities Corporation. Chesapeake Utilities Corporation was Upgraded by Hilliard Lyons to ” Long-term Buy” on Jun 24, 2016. Chesapeake Utilities Corporation was Initiated by BB&T Capital Mkts to “Hold” on Jun 22, 2016.

Chesapeake Utilities Corporation closed down -0.67 points or -1.05% at $63.3 with 35,227 shares getting traded on Tusday. Post opening the session at $63.72, the shares hit an intraday low of $63.19 and an intraday high of $64.03 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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

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