Camden National (CAC) to Release Quarterly Earnings on Tuesday

Camden National (NASDAQ:CAC) will be announcing its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Camden National (NASDAQ:CAC) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.10. The business had revenue of $72.81 million during the quarter, compared to the consensus estimate of $41.07 million. Camden National had a net margin of 16.01% and a return on equity of 10.36%. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, analysts expect Camden National to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Camden National Stock Performance

Shares of Camden National stock opened at $40.18 on Friday. The firm’s fifty day simple moving average is $39.74 and its 200-day simple moving average is $35.68. The stock has a market capitalization of $586.91 million, a price-to-earnings ratio of 13.35 and a beta of 0.72. Camden National has a 12 month low of $27.28 and a 12 month high of $43.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.82 and a quick ratio of 0.81.

Camden National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.42 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.18%. Camden National’s payout ratio is 55.81%.

Analysts Set New Price Targets

CAC has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Camden National in a report on Wednesday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Camden National from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Wednesday, September 11th. Finally, Stephens boosted their price objective on shares of Camden National from $35.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd.

Camden National Company Profile

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in Maine, New Hampshire, and Massachusetts. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.