Cardinal Health Inc Expected to Earn Q3 2018 Earnings of $1.78 Per Share (CAH)
Cardinal Health Inc (NYSE:CAH) – Stock analysts at William Blair boosted their Q3 2018 earnings per share (EPS) estimates for shares of Cardinal Health in a research report issued on Thursday. William Blair analyst J. Kreger now forecasts that the company will post earnings of $1.78 per share for the quarter, up from their previous forecast of $1.52. William Blair also issued estimates for Cardinal Health’s Q4 2018 earnings at $1.48 EPS, FY2018 earnings at $5.46 EPS, Q1 2019 earnings at $1.40 EPS, Q2 2019 earnings at $1.69 EPS, Q3 2019 earnings at $1.78 EPS, Q4 2019 earnings at $1.64 EPS, FY2019 earnings at $6.51 EPS, FY2020 earnings at $7.18 EPS and FY2021 earnings at $7.79 EPS.
Cardinal Health (NYSE:CAH) last announced its earnings results on Monday, November 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.09. The company had revenue of $32.64 billion during the quarter, compared to analysts’ expectations of $33.48 billion. Cardinal Health had a net margin of 0.84% and a return on equity of 25.24%. Cardinal Health’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.24 earnings per share.
Shares of Cardinal Health (CAH) opened at $71.49 on Monday. The stock has a market cap of $22,491.01, a PE ratio of 20.78, a PEG ratio of 2.03 and a beta of 0.85. Cardinal Health has a 52-week low of $54.66 and a 52-week high of $84.88. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.06 and a quick ratio of 0.52.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be paid a $0.4624 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Friday, December 29th. Cardinal Health’s dividend payout ratio (DPR) is presently 53.78%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Cardinal Health by 1.9% during the second quarter. Vanguard Group Inc. now owns 23,642,277 shares of the company’s stock worth $1,842,205,000 after acquiring an additional 440,967 shares in the last quarter. Macquarie Group Ltd. raised its stake in Cardinal Health by 4.6% during the third quarter. Macquarie Group Ltd. now owns 10,105,374 shares of the company’s stock worth $676,253,000 after acquiring an additional 445,399 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Cardinal Health by 38.6% during the third quarter. Ameriprise Financial Inc. now owns 4,930,457 shares of the company’s stock worth $329,964,000 after acquiring an additional 1,373,334 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Cardinal Health by 10.8% during the third quarter. Bank of New York Mellon Corp now owns 3,846,209 shares of the company’s stock worth $257,388,000 after acquiring an additional 375,742 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Cardinal Health by 58.7% during the third quarter. American Century Companies Inc. now owns 2,976,776 shares of the company’s stock worth $199,206,000 after acquiring an additional 1,100,507 shares in the last quarter. 88.36% of the stock is owned by hedge funds and other institutional investors.
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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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