Share on StockTwits

CareFusion Co. (NYSE:CFN) updated its FY15 earnings guidance on Thursday. The company provided earnings per share guidance of $2.60-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.68, American Banking & Market News reports. The company issued revenue guidance of $4.03-4.10 billion, compared to the consensus revenue estimate of $4.04 billion.

CFN has been the subject of a number of recent research reports. Analysts at Zacks reiterated a neutral rating on shares of CareFusion in a research note on Thursday, July 31st. They now have a $47.00 price target on the stock. On a related note, analysts at Topeka Capital Markets initiated coverage on shares of CareFusion in a research note on Thursday, June 12th. They set a hold rating and a $44.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of CareFusion from $48.00 to $50.00 in a research note on Monday, May 19th. They now have a strong-buy rating on the stock. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $43.44.

CareFusion Co. (NYSE:CFN) traded down 0.94% during mid-day trading on Thursday, hitting $42.11. 2,549,267 shares of the company’s stock traded hands. CareFusion Co. has a 1-year low of $35.01 and a 1-year high of $45.81. The stock has a 50-day moving average of $44.36 and a 200-day moving average of $41.64. The company has a market cap of $8.730 billion and a price-to-earnings ratio of 23.78.

CareFusion (NYSE:CFN) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. Analysts expect that CareFusion Co. will post $2.31 EPS for the current fiscal year.

CareFusion Corporation (NYSE:CFN) is a global medical technology company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.