Camden National (CAC) to Release Quarterly Earnings on Tuesday

Camden National (NASDAQ:CAC) is expected to post its quarterly earnings results 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Camden National (NASDAQ:CAC) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.11. Camden National had a return on equity of 9.95% and a net margin of 16.47%. The business had revenue of $75.13 million during the quarter, compared to the consensus estimate of $43.90 million. During the same quarter in the previous year, the company 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 $44.05 on Tuesday. Camden National has a twelve month low of $28.62 and a twelve month high of $50.07. The company has a market capitalization of $642.12 million, a P/E ratio of 13.77 and a beta of 0.76. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $44.94 and a two-hundred day moving average price of $41.37.

Camden National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.68 annualized dividend and a dividend yield of 3.81%. Camden National’s dividend payout ratio is currently 52.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CAC. Keefe, Bruyette & Woods boosted their price target on Camden National from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com initiated coverage on shares of Camden National in a report on Sunday. They issued a “hold” rating on the stock. Finally, Raymond James raised shares of Camden National from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Friday, December 20th.

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.