Cardinal Health, Inc. (CAH) to Release Earnings on Monday, November 6th
Cardinal Health, Inc. (NYSE:CAH) is scheduled to be releasing its earnings data before the market opens on Monday, November 6th. Analysts expect Cardinal Health to post earnings of $1.12 per share for the quarter. Cardinal Health has set its FY17 guidance at $4.85-5.10 EPS and its FY18 guidance at $5.60 EPS.
Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. Cardinal Health had a net margin of 0.99% and a return on equity of 26.20%. The business had revenue of $32.97 billion during the quarter, compared to analyst estimates of $32.73 billion. During the same quarter last year, the business earned $1.14 earnings per share. Cardinal Health’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect Cardinal Health to post $4.95 EPS for the current fiscal year and $5.53 EPS for the next fiscal year.
Cardinal Health, Inc. (CAH) opened at 66.71 on Monday. The firm’s 50-day moving average is $67.07 and its 200 day moving average is $72.28. Cardinal Health, Inc. has a 52-week low of $62.70 and a 52-week high of $84.88. The company has a market cap of $21.11 billion, a price-to-earnings ratio of 16.55 and a beta of 0.86.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd were issued a $0.4624 dividend. The ex-dividend date was Friday, September 29th. This represents a $1.85 annualized dividend and a dividend yield of 2.77%. Cardinal Health’s dividend payout ratio (DPR) is 45.79%.
Several analysts have recently weighed in on CAH shares. BidaskClub lowered Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Cowen and Company upgraded Cardinal Health to a “buy” rating and set a $74.00 price objective for the company in a report on Tuesday, October 10th. Jefferies Group LLC restated a “hold” rating and issued a $77.00 price objective on shares of Cardinal Health in a report on Thursday, July 27th. Needham & Company LLC restated a “hold” rating on shares of Cardinal Health in a report on Sunday, September 10th. Finally, Robert W. Baird restated a “hold” rating and issued a $73.00 price objective on shares of Cardinal Health in a report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $76.54.
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About Cardinal Health
Cardinal Health, Inc is a healthcare services and products company. The Company operates through two segments: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products. This segment also operates nuclear pharmacies and cyclotron facilities; provides pharmacy management services to hospitals, as well as medication therapy management and patient outcomes services to hospitals, other healthcare providers and payers, and provides services to healthcare companies.
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