Cardinal Health FY2027 EPS Estimate Raised by Zacks Research

Cardinal Health, Inc. (NYSE:CAH) – Zacks Research boosted their FY2027 earnings per share estimates for Cardinal Health in a report released on Thursday, June 19th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $9.78 for the year, up from their previous estimate of $9.77. The consensus estimate for Cardinal Health’s current full-year earnings is $7.95 per share.

CAH has been the topic of a number of other research reports. Mizuho lifted their price target on shares of Cardinal Health from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, March 31st. Morgan Stanley set a $181.00 target price on Cardinal Health and gave the stock an “overweight” rating in a report on Friday, June 13th. Robert W. Baird upped their price target on Cardinal Health from $156.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Bank of America raised their price objective on Cardinal Health from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Finally, Wall Street Zen upgraded Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.43.

Cardinal Health Price Performance

CAH opened at $163.95 on Monday. Cardinal Health has a fifty-two week low of $93.17 and a fifty-two week high of $166.32. The company’s 50 day moving average price is $150.11 and its two-hundred day moving average price is $134.48. The firm has a market capitalization of $39.13 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.82 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, May 1st. The company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.20. The company had revenue of $54.88 billion for the quarter, compared to analysts’ expectations of $55.33 billion. Cardinal Health had a negative return on equity of 68.84% and a net margin of 0.70%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.08 earnings per share.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.5107 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, July 1st. Cardinal Health’s dividend payout ratio is presently 31.51%.

Institutional Trading of Cardinal Health

Hedge funds have recently modified their holdings of the stock. Greykasell Wealth Strategies Inc. bought a new stake in Cardinal Health in the first quarter valued at $26,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Cardinal Health in the 4th quarter valued at about $26,000. Tompkins Financial Corp grew its stake in shares of Cardinal Health by 106.7% in the 1st quarter. Tompkins Financial Corp now owns 248 shares of the company’s stock valued at $34,000 after buying an additional 128 shares during the period. Promus Capital LLC bought a new stake in Cardinal Health in the 4th quarter valued at about $30,000. Finally, Bellwether Advisors LLC acquired a new position in Cardinal Health during the 4th quarter worth approximately $32,000. Institutional investors own 87.17% of the company’s stock.

About Cardinal Health

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.