Central Pacific Financial Corp. (NYSE:CPF) is set to announce second quarter earning results on Wednesday 29th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CPF to report 2Q20 income of $ 0.22 per share from revenue of $ 49.28 million.
For the full year, analysts anticipate top line of $ 204.77 million, while looking forward to income of $ 1.18 per share bottom line.
Previous Quarter Performance
Central Pacific Financial Corp. unveiled income for the first quarter of $ 0.29 per share, from the revenue of $ 47.83 million. The quarterly earnings contracted 47.27 percent while revenues improved 6.03 percent compared with the same quarter last year. The consensus estimates are $ 46.67 million in revenue The top line results outshined analysts by $ 1.16 million or 2.49 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CPF was $ 14.62, representing a 17.90 % increase from the 52 week low of $ 12.40 and a 52.16 % decrease over the 52 week high of $ 30.56.
The company has a market capital of $ 411.05 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On April 22, 2020, the board of directors authorized quarterly dividend of $ 0.23 per share to holders of record as of the close of business on May 29, 2020, with payment date of June 15, 2020 and ex-dividend date on May 28, 2020.
Conference Call
Central Pacific Financial Corp. will be hosting a conference call at 1:00 PM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.centralpacificbank.com
Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in the United States. The company operates in three segments: Banking Operations, Treasury, and All Others.
