Camden National (CAC) Scheduled to Post Earnings on Tuesday

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

Camden National (NASDAQ:CAC) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.71 by $0.10. Camden National had a net margin of 16.01% and a return on equity of 10.36%. The firm had revenue of $72.81 million during the quarter, compared to the consensus estimate of $41.07 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. 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 Down 3.4 %

Shares of NASDAQ:CAC opened at $40.55 on Tuesday. Camden National has a 52 week low of $26.52 and a 52 week high of $43.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market capitalization of $592.31 million, a PE ratio of 13.47 and a beta of 0.72. The company has a 50 day moving average price of $39.41 and a two-hundred day moving average price of $35.45.

Camden National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, October 15th. Camden National’s dividend payout ratio is 55.81%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Camden National from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 11th. Stephens increased their price objective on shares of Camden National from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, StockNews.com started coverage on shares of Camden National in a research report on Tuesday, October 15th. They set a “hold” rating for the company.

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.