Camden National (CAC) to Release Quarterly Earnings on Tuesday

Camden National (NASDAQ:CAC) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Camden National (NASDAQ:CAC) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. Camden National had a net margin of 16.86% and a return on equity of 10.90%. The company had revenue of $65.78 million during the quarter, compared to analysts’ expectations of $42.75 million. During the same quarter in the prior year, the company earned $1.05 EPS. 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 Camden National stock opened at $30.31 on Tuesday. Camden National has a 52-week low of $26.52 and a 52-week high of $39.70. The stock has a market capitalization of $443.44 million, a price-to-earnings ratio of 10.21 and a beta of 0.74. The company has a fifty day moving average of $31.59 and a 200-day moving average of $33.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 0.81.

Camden National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.42 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.54%. Camden National’s dividend payout ratio (DPR) is 56.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Camden National from a “hold” rating to a “sell” rating in a research report on Friday.

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.