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Camden National (CAC) Projected to Post Earnings on Tuesday

Camden National logo with Finance background

Camden National (NASDAQ:CAC - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $45,234.00 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Camden National (NASDAQ:CAC - Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.11. The business had revenue of $75.13 million during the quarter, compared to the consensus estimate of $43.90 million. Camden National had a net margin of 16.47% and a return on equity of 9.95%. During the same period in the prior year, the firm earned $0.96 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

CAC stock traded up $0.75 during mid-day trading on Tuesday, reaching $44.80. The company had a trading volume of 88,731 shares, compared to its average volume of 91,361. The stock's 50-day simple moving average is $44.94 and its two-hundred day simple moving average is $41.37. The stock has a market capitalization of $653.18 million, a P/E ratio of 14.00 and a beta of 0.76. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. Camden National has a one year low of $28.62 and a one year high of $50.07.

Camden National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.75%. The ex-dividend date is Wednesday, January 15th. Camden National's dividend payout ratio is currently 52.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CAC. StockNews.com began coverage on Camden National in a research report on Sunday. They issued a "hold" rating for the company. Keefe, Bruyette & Woods increased their price target on shares of Camden National from $43.00 to $48.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, Raymond James upgraded shares of Camden National from a "market perform" rating to an "outperform" rating and set a $50.00 price target on the stock in a research note on Friday, December 20th.

Check Out Our Latest Report on CAC

Camden National Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Camden National (NASDAQ:CAC)

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