Wall Street brokerages expect Cardinal Health Inc (NYSE:CAH) to post $0.98 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for Cardinal Health’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $1.13. Cardinal Health posted earnings per share of $1.01 in the same quarter last year, which would indicate a negative year over year growth rate of 3%. The business is expected to issue its next earnings results on Monday, August 5th.
According to Zacks, analysts expect that Cardinal Health will report full year earnings of $5.09 per share for the current fiscal year, with EPS estimates ranging from $5.05 to $5.12. For the next financial year, analysts forecast that the business will report earnings of $5.22 per share, with EPS estimates ranging from $5.06 to $5.36. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Cardinal Health.
Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, May 9th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.43 by $0.16. The firm had revenue of $35.23 billion during the quarter, compared to analyst estimates of $35.09 billion. During the same quarter in the previous year, the business posted $1.39 EPS. Cardinal Health’s revenue for the quarter was up 4.7% compared to the same quarter last year.
Several brokerages have commented on CAH. ValuEngine lowered shares of Cardinal Health from a “sell” rating to a “strong sell” rating in a research note on Monday, February 25th. Zacks Investment Research upgraded shares of Cardinal Health from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. Wolfe Research began coverage on shares of Cardinal Health in a research note on Tuesday, April 2nd. They issued an “underperform” rating on the stock. Finally, Guggenheim began coverage on shares of Cardinal Health in a research note on Wednesday, April 17th. They issued a “neutral” rating and a $51.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Cardinal Health has an average rating of “Hold” and a consensus price target of $56.20.
Shares of NYSE:CAH opened at $46.90 on Friday. Cardinal Health has a 52 week low of $42.17 and a 52 week high of $58.31. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.43 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 0.54 and a debt-to-equity ratio of 1.22.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a $0.4811 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.92 annualized dividend and a dividend yield of 4.10%. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.48. Cardinal Health’s dividend payout ratio (DPR) is presently 38.20%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Advisor Networks LLC increased its stake in shares of Cardinal Health by 2.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 7,566 shares of the company’s stock valued at $336,000 after acquiring an additional 195 shares during the period. Advisory Services Network LLC increased its stake in shares of Cardinal Health by 15.1% during the fourth quarter. Advisory Services Network LLC now owns 1,497 shares of the company’s stock valued at $67,000 after acquiring an additional 196 shares during the period. Strategic Wealth Advisors Group LLC increased its stake in shares of Cardinal Health by 1.1% during the first quarter. Strategic Wealth Advisors Group LLC now owns 19,131 shares of the company’s stock valued at $938,000 after acquiring an additional 216 shares during the period. First Hawaiian Bank increased its stake in shares of Cardinal Health by 5.4% during the first quarter. First Hawaiian Bank now owns 4,317 shares of the company’s stock valued at $208,000 after acquiring an additional 222 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Cardinal Health by 9.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,610 shares of the company’s stock worth $126,000 after buying an additional 224 shares in the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.
Cardinal Health Company Profile
Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides medical products and pharmaceuticals, and solutions that enhance supply chain efficiency for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices.
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