Cardinal Health, Inc. (NYSE:CAH) Expected to Post Earnings of $1.17 Per Share

Equities research analysts predict that Cardinal Health, Inc. (NYSE:CAHGet Rating) will report earnings of $1.17 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Cardinal Health’s earnings. The lowest EPS estimate is $1.12 and the highest is $1.20. Cardinal Health reported earnings of $0.77 per share in the same quarter last year, which would indicate a positive year over year growth rate of 51.9%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Cardinal Health will report full-year earnings of $5.24 per share for the current year, with EPS estimates ranging from $5.16 to $5.33. For the next year, analysts anticipate that the business will post earnings of $5.61 per share, with EPS estimates ranging from $5.20 to $5.97. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Cardinal Health.

Cardinal Health (NYSE:CAHGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.09). The business had revenue of $44.84 billion during the quarter, compared to the consensus estimate of $43.20 billion. Cardinal Health had a negative net margin of 0.54% and a positive return on equity of 155.24%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 EPS.

A number of equities analysts have weighed in on CAH shares. Robert W. Baird boosted their target price on shares of Cardinal Health from $52.00 to $57.00 in a research note on Friday, February 4th. TheStreet lowered Cardinal Health from a “c+” rating to a “d+” rating in a research report on Thursday, May 5th. Zacks Investment Research upgraded Cardinal Health from a “sell” rating to a “hold” rating and set a $55.00 target price for the company in a research report on Monday, March 14th. Credit Suisse Group decreased their price target on Cardinal Health from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, February 4th. Finally, Morgan Stanley raised Cardinal Health from an “equal weight” rating to an “overweight” rating and set a $74.00 price objective for the company in a report on Tuesday, April 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cardinal Health presently has a consensus rating of “Hold” and an average price target of $58.10.

NYSE CAH traded up $0.63 on Friday, hitting $55.61. 2,235,045 shares of the company were exchanged, compared to its average volume of 2,878,480. Cardinal Health has a 1-year low of $45.85 and a 1-year high of $64.53. The firm has a 50 day moving average of $58.23 and a two-hundred day moving average of $53.49. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 5.33. The company has a market cap of $15.15 billion, a P/E ratio of 8.48, a P/E/G ratio of 6.65 and a beta of 0.82.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be given a $0.4957 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.57%. This is an increase from Cardinal Health’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, June 30th. Cardinal Health’s dividend payout ratio (DPR) is currently 29.88%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blueshift Asset Management LLC boosted its position in shares of Cardinal Health by 264.8% during the third quarter. Blueshift Asset Management LLC now owns 108,846 shares of the company’s stock worth $5,384,000 after purchasing an additional 79,010 shares in the last quarter. Franklin Resources Inc. grew its stake in Cardinal Health by 51.1% in the third quarter. Franklin Resources Inc. now owns 59,702 shares of the company’s stock valued at $2,952,000 after acquiring an additional 20,188 shares during the period. First Quadrant L P CA increased its holdings in shares of Cardinal Health by 1.5% in the fourth quarter. First Quadrant L P CA now owns 37,180 shares of the company’s stock worth $1,914,000 after acquiring an additional 553 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Cardinal Health by 14.6% during the third quarter. Mackenzie Financial Corp now owns 115,210 shares of the company’s stock worth $5,698,000 after purchasing an additional 14,678 shares during the period. Finally, TD Asset Management Inc. grew its position in shares of Cardinal Health by 7.7% in the 4th quarter. TD Asset Management Inc. now owns 754,865 shares of the company’s stock valued at $38,868,000 after purchasing an additional 53,995 shares during the period. Hedge funds and other institutional investors own 84.26% of the company’s stock.

Cardinal Health Company Profile (Get Rating)

Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.

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Earnings History and Estimates for Cardinal Health (NYSE:CAH)

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