Camden National (NASDAQ:CAC – Get Free Report) is expected to be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect Camden National to post earnings of $0.89 per share and revenue of $45,234.00 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Camden National (NASDAQ:CAC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.11. The business had revenue of $75.13 million for the quarter, compared to analyst estimates of $43.90 million. Camden National had a net margin of 16.47% and a return on equity of 9.95%. During the same period in the prior year, the firm posted $0.96 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
NASDAQ:CAC opened at $43.80 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market cap of $638.60 million, a P/E ratio of 13.69 and a beta of 0.76. The firm’s 50 day moving average is $44.61 and its two-hundred day moving average is $41.64. Camden National has a fifty-two week low of $28.62 and a fifty-two week high of $50.07.
Camden National Announces Dividend
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on CAC. StockNews.com initiated coverage on shares of Camden National in a research note on Sunday, January 19th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods boosted their price target on Camden National from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Raymond James upgraded Camden National from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Friday, December 20th.
Check Out Our Latest Report on Camden National
About Camden National
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.
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