Camden National (CAC) Set to Announce Quarterly Earnings on Tuesday

Camden National (NASDAQ:CAC) will issue its quarterly earnings data before the market opens on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Camden National (NASDAQ:CAC) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. Camden National had a net margin of 16.56% and a return on equity of 10.66%. The firm had revenue of $41.60 million for the quarter, compared to analyst estimates of $41.72 million. On average, analysts expect Camden National to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Camden National Price Performance

Shares of CAC opened at $40.60 on Monday. Camden National has a twelve month low of $26.52 and a twelve month high of $41.00. The firm’s fifty day simple moving average is $33.56 and its 200-day simple moving average is $32.94. The firm has a market capitalization of $593.17 million, a price-to-earnings ratio of 13.49 and a beta of 0.74. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09.

Camden National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.14%. Camden National’s payout ratio is 55.81%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Camden National from a “sell” rating to a “hold” rating in a research report on Saturday, June 1st.

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.