Brokerages Anticipate Cardinal Health Inc (CAH) to Announce $1.13 EPS

Analysts predict that Cardinal Health Inc (NYSE:CAH) will report earnings of $1.13 per share for the current quarter, according to Zacks. Nine analysts have made estimates for Cardinal Health’s earnings, with the lowest EPS estimate coming in at $1.01 and the highest estimate coming in at $1.21. Cardinal Health reported earnings per share of $1.34 in the same quarter last year, which would suggest a negative year over year growth rate of 15.7%. The company is scheduled to issue its next earnings report before the market opens on Thursday, February 8th.

According to Zacks, analysts expect that Cardinal Health will report full year earnings of $5.12 per share for the current year, with EPS estimates ranging from $4.90 to $5.46. For the next fiscal year, analysts expect that the business will report earnings of $5.78 per share, with EPS estimates ranging from $5.35 to $6.51. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Cardinal Health.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Monday, November 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.09. Cardinal Health had a net margin of 0.84% and a return on equity of 25.24%. The firm had revenue of $32.64 billion for the quarter, compared to the consensus estimate of $33.48 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis.

CAH has been the topic of several analyst reports. Morgan Stanley downgraded shares of Cardinal Health from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 20th. Argus downgraded shares of Cardinal Health from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Mizuho set a $70.00 price target on shares of Cardinal Health and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Deutsche Bank assumed coverage on shares of Cardinal Health in a research note on Monday, December 4th. They set a “hold” rating and a $64.00 price target on the stock. Finally, Zacks Investment Research raised shares of Cardinal Health from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $73.58.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Cardinal Health in the 3rd quarter worth about $102,000. Advisory Services Network LLC boosted its holdings in shares of Cardinal Health by 18.4% in the 2nd quarter. Advisory Services Network LLC now owns 1,739 shares of the company’s stock valued at $136,000 after buying an additional 270 shares during the period. First PREMIER Bank acquired a new position in shares of Cardinal Health in the 4th quarter valued at about $163,000. Sun Life Financial INC boosted its holdings in shares of Cardinal Health by 16,228.6% in the 2nd quarter. Sun Life Financial INC now owns 2,286 shares of the company’s stock valued at $178,000 after buying an additional 2,272 shares during the period. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Cardinal Health by 58.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,084 shares of the company’s stock valued at $206,000 after buying an additional 1,135 shares during the period. 88.36% of the stock is owned by institutional investors.

Cardinal Health (NYSE:CAH) traded down $0.94 during trading on Friday, reaching $71.71. 3,828,300 shares of the company traded hands, compared to its average volume of 3,468,983. Cardinal Health has a 12-month low of $54.66 and a 12-month high of $84.88. The stock has a market cap of $22,600.00, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.67 and a beta of 0.85. 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 announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd were given a $0.4624 dividend. This represents a $1.85 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, December 29th. Cardinal Health’s payout ratio is currently 53.94%.

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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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Earnings History and Estimates for Cardinal Health (NYSE:CAH)

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