Camden National (CAC) Scheduled to Post Earnings on Tuesday

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

Camden National (NASDAQ:CAC) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.85. The company had revenue of $65.78 million for the quarter, compared to analysts’ expectations of $42.75 million. Camden National had a net margin of 16.86% and a return on equity of 10.90%. During the same quarter last year, the company earned $1.05 earnings per share. 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 Stock Performance

Shares of Camden National stock opened at $30.50 on Friday. The firm’s fifty day simple moving average is $31.45 and its 200-day simple moving average is $33.18. The stock has a market capitalization of $446.22 million, a price-to-earnings ratio of 10.27 and a beta of 0.74. Camden National has a 12 month low of $26.52 and a 12 month high of $39.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.81 and a quick ratio of 0.80.

Camden National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued 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 5.51%. Camden National’s payout ratio 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 report on Friday, April 19th.

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.