Camden National (CAC) Scheduled to Post Quarterly Earnings on Tuesday

Camden National (NASDAQ:CAC) is set to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Camden National (NASDAQ:CAC) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The business had revenue of $72.81 million during the quarter, compared to analysts’ expectations of $41.07 million. Camden National had a return on equity of 10.36% and a net margin of 16.01%. During the same quarter in the prior year, the business posted $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 Performance

Shares of CAC opened at $40.18 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $39.74 and a two-hundred day simple moving average of $35.68. The stock has a market cap of $586.91 million, a price-to-earnings ratio of 13.35 and a beta of 0.72. Camden National has a 52 week low of $27.28 and a 52 week high of $43.50.

Camden National Dividend Announcement

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

Analysts Set New Price Targets

CAC has been the subject of a number of research reports. Stephens increased their price target on Camden National from $35.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods increased their price target on Camden National from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Wednesday, September 11th. Finally, StockNews.com initiated coverage on Camden National in a report on Wednesday, October 23rd. They set a “hold” rating on the stock.

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.