Post coronavirus it's all about location. Location, Location.
The Company announced today that Jeffry M. Householder, President & CEO, Beth W. Cooper, Executive Vice President & CFO, and James F. Moriarty, Executive Vice President, General Counsel, Corporate Secretary and Chief Policy & Risk Officer of Chesapeake Utilities Corporation (NYSE: CPK) will be hosting a live webcast at 11:00 am EST (Eastern Standard Time) on Tuesday, May 19th during the 2020 AGA Financial Forum. Webcast participants will learn about the projects the Company currently has underway and other strategic initiatives which position the Company for future growth.
Ladies and gentlemen, thank you for standing by, and welcome to the Chesapeake Utilities First Quarter 2020 Earnings Conference Call. With me on the call today are Jeff Householder, President and Chief Executive Officer and Jim Moriarty, Executive Vice President, General Counsel, Corporate Secretary and Chief Risk and Compliance Officer.
Chesapeake Utilities (CPK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced its first quarter financial results. The Company's net income for the quarter ended March 31, 2020 was $28.9 million, compared to $28.7 million for the same quarter of 2019. Earnings per share for the quarter ended March 31, 2020 increased $0.02 to $1.76 per share, compared to the same quarter of 2019.
Signs emerge that consumers are out there spending their new stimulus checks.
Yahoo Finance catches up with V.F. Corp CEO Steve Rendle to discuss how the owner of Timberland and Vans is navigating the chopping retail environment.
Q1 2020 Chesapeake Utilities Corp Earnings Call
Chesapeake Utilities Corporation (NYSE: CPK), announced today the appointment of Danielle Mulligan to Assistant Vice President of Communications and Marketing for Chesapeake Utilities Corporation and Kevin McCrackin to Assistant Vice President of Business Development for Chesapeake Utilities Corporation and Vice President of Marlin Gas Services.
Chesapeake Utilities (CPK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Chesapeake Utilities Corp. (CPK) announced that it is shoring up its dividend by 8.6% at a time when many corporates around the world are slashing dividend payouts to preserve cash buffers during the coronavirus pandemic.Chesepeake said its Board of Directors agreed to increase the quarterly cash dividend on the company’s common stock to $0.44 per share from $0.405 per share previously. The decision pushes the 2020 annualized dividend payout up $0.14 per share to $1.76 per share.“Over the last five years, we have made significant capital investments that have fueled our earnings growth while providing dividend growth in the top 10% of the utility industry,” said Jeff Householder, President and CEO of Chesapeake. “The Board’s dividend decision reflects the company’s commitment to dividend growth supported by earnings growth, while still maintaining ample liquidity to drive growth and fund operations.”The $0.44 per share dividend will be payable on July 6 to all shareholders of record at the close of business on June 15, 2020.The natural gas distributor said that the $0.14 per share increase in the annualized dividend aligns its five-year earnings growth rate of 9.4% from continuing operations with its five-year dividend growth rate of 8.9% including this most recent increase.The company has paid dividends to its shareholders for 59 years. This latest increase represents the 17th consecutive year in which the dividend has been raised and will result in Chesapeake having doubled its annualized dividend over the last ten years.The energy company’s shares advanced 1.2% to $84.33 on Thursday, trimming this year’s decline to 11%.Wells Fargo analyst Sarah Akers lowered Chesapeake’s price target to $87 from $93 while maintaining a Hold rating.TipRanks data shows that Wall Street analysts are divided over Chesapeake’s stock as 2 say Buy and 2 say Hold adding up to a Moderate Buy consensus rating. The $102 average price target indicates 21% upside potential in the shares in the coming 12 months. (See Chesapeake stock analysis on TipRanks)Related News: Cash-Strapped Norwegian Cruise Line Spikes on $2.2 Billion Lifeline Twilio Jumps 25% in After-Hours Trading on 57% Surprise Sales Leap Costco April Store Sales Drop as Shoppers Are Stranded at Home More recent articles from Smarter Analyst: * Microsoft Buys Metaswitch For Cloud-Based Telecoms Move, 5G Expansion * Fiat Chrysler In Talks For $6.8 Billion State-Backed Loan In Italy * Tesla Gets County Nod to Reopen California Auto Plant - Report * Amazon’s Response To Judiciary Committee ‘Unacceptable’ Tweets Jerry Nadler
At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) voted to increase the quarterly cash dividend on the Company's common stock from $0.405 per share to $0.44 per share. The Board's action raises the 2020 annualized dividend $0.14 per share from $1.62 to $1.76 per share, which represents an 8.6 percent increase. The $0.44 per share dividend will be payable July 6, 2020 to all shareholders of record at the close of business on June 15, 2020.
Surge in jobless claims for four consecutive weeks calls for investment in these five recession-proof stocks.
Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, May 7, 2020, at 4:30 p.m. ET to discuss the Company's financial results for the first quarter of 2020. The earnings press release will be issued on Wednesday, May 6, 2020, after the market closes.
Don't expect safety measures will fall by the wayside at Target once life gets back to some form of normal after the COVID-19 pandemic. Here's what Target's chairman and CEO Brian Cornell told Yahoo Finance.
RBC Capital analyst Shelby Tucker maintained a Hold rating on Chesapeake Utilities (NYSE:CPK) on Monday, setting a price target of $93, which is approximately 6.64% above the present share price of $87.21.
Today we'll look at Chesapeake Utilities Corporation (NYSE:CPK) and reflect on its potential as an investment...
Chesapeake Utilities (CPK) delivered earnings and revenue surprises of 1.72% and -16.05%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Utility Gas Distribution Outlook Bright Despite Coronavirus Woes