Cardinal Health, Inc. (NYSE:CAH) Expected to Post Earnings of $1.57 Per Share

Equities research analysts expect Cardinal Health, Inc. (NYSE:CAH) to announce $1.57 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Cardinal Health’s earnings, with estimates ranging from $1.48 to $1.76. Cardinal Health reported earnings of $1.62 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, May 6th.

According to Zacks, analysts expect that Cardinal Health will report full-year earnings of $6.02 per share for the current fiscal year, with EPS estimates ranging from $5.96 to $6.09. For the next financial year, analysts anticipate that the business will report earnings of $6.20 per share, with EPS estimates ranging from $5.77 to $6.56. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Cardinal Health.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, February 4th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.30. The firm had revenue of $41.54 billion for the quarter, compared to analyst estimates of $41.44 billion. Cardinal Health had a return on equity of 123.28% and a net margin of 0.63%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share.

CAH has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on Cardinal Health from $66.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 9th. Wolfe Research raised Cardinal Health from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 8th. Finally, TheStreet raised Cardinal Health from a “c” rating to a “b” rating in a research note on Friday, February 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $60.89.

Shares of NYSE:CAH traded up $0.47 during trading on Tuesday, reaching $62.02. The stock had a trading volume of 1,826,987 shares, compared to its average volume of 1,916,634. The company has a debt-to-equity ratio of 4.72, a quick ratio of 0.57 and a current ratio of 1.13. The business has a fifty day moving average price of $60.37 and a 200-day moving average price of $55.16. The stock has a market cap of $18.21 billion, a PE ratio of 18.74, a PEG ratio of 1.75 and a beta of 1.03. Cardinal Health has a 1-year low of $44.65 and a 1-year high of $62.96.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Thursday, April 1st were given a $0.4859 dividend. The ex-dividend date was Wednesday, March 31st. This represents a $1.94 dividend on an annualized basis and a yield of 3.13%. Cardinal Health’s dividend payout ratio is currently 35.60%.

Several hedge funds have recently bought and sold shares of CAH. Annapolis Financial Services LLC purchased a new stake in shares of Cardinal Health in the 4th quarter valued at $26,000. Birchcreek Wealth Management LLC purchased a new stake in shares of Cardinal Health in the 4th quarter valued at $27,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cardinal Health in the 4th quarter valued at $35,000. Berman Capital Advisors LLC raised its holdings in shares of Cardinal Health by 90.6% in the 4th quarter. Berman Capital Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after buying an additional 329 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Cardinal Health in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 82.62% of the company’s stock.

About Cardinal Health

Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices. The company operates through two segments, Pharmaceutical and Medical.

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