Cardinal Health (CAH) to Release Earnings on Thursday
Cardinal Health (NYSE:CAH) is set to post its Q114 quarterly earnings results on Thursday, October 31st. Analysts expect Cardinal Health to post earnings of $0.86 per share and revenue of $22.73 billion for the quarter. Cardinal Health has set its FY14 guidance at $3.45-3.60 EPS.
Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, August 1st. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.02. The company had revenue of $25.40 billion for the quarter, compared to the consensus estimate of $24.56 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. On average, analysts expect Cardinal Health to post $3.58 EPS for the current fiscal year and $3.96 EPS for the next fiscal year.
Cardinal Health (NYSE:CAH) opened at 56.15 on Wednesday. Cardinal Health has a one year low of $36.91 and a one year high of $53.28. The stock’s 50-day moving average is $51.06 and its 200-day moving average is $47.31. The company has a market cap of $19.061 billion and a P/E ratio of 58.07.
A number of research firms have recently commented on CAH. Analysts at FBR & Co. upgraded shares of Cardinal Health from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. On the ratings front, analysts at FBR Capital Markets initiated coverage on shares of Cardinal Health in a research note to investors on Tuesday. They set an “outperform” rating and a $64.00 price target on the stock. Finally, analysts at ISI Group raised their price target on shares of Cardinal Health from $56.00 to $62.00 in a research note to investors on Monday, October 14th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Cardinal Health has a consensus rating of “Buy” and a consensus target price of $55.00.
Cardinal Health, Inc is a healthcare services company providing products and services that help pharmacies, hospitals, surgery centers, physician offices and other healthcare providers.
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