Cardinal Health, Inc. (NYSE:CAH) – Equities research analysts at Leerink Swann cut their Q2 2018 EPS estimates for Cardinal Health in a note issued to investors on Wednesday. Leerink Swann analyst D. Larsen now expects that the company will post earnings of $1.22 per share for the quarter, down from their prior estimate of $1.27. Leerink Swann has a “Hold” rating and a $72.00 price target on the stock. Leerink Swann also issued estimates for Cardinal Health’s Q4 2018 earnings at $1.20 EPS, FY2018 earnings at $4.90 EPS and FY2019 earnings at $5.40 EPS.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Cardinal Health from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Credit Suisse Group restated a “buy” rating and issued a $81.00 price objective on shares of Cardinal Health in a research note on Tuesday, May 2nd. William Blair lowered Cardinal Health from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 19th. Tigress Financial started coverage on Cardinal Health in a research note on Friday, April 28th. They issued a “neutral” rating for the company. Finally, Jefferies Group LLC started coverage on Cardinal Health in a research note on Wednesday, May 17th. They issued a “hold” rating and a $77.00 price objective for the company. Two 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 company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $80.46.

ILLEGAL ACTIVITY NOTICE: “Leerink Swann Weighs in on Cardinal Health, Inc.’s Q2 2018 Earnings (CAH)” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/08/06/leerink-swann-weighs-in-on-cardinal-health-inc-s-q2-2018-earnings-cah.html.

Cardinal Health (NYSE CAH) opened at 69.14 on Friday. The stock has a 50 day moving average price of $77.38 and a 200 day moving average price of $77.27. The stock has a market capitalization of $21.85 billion, a PE ratio of 17.16 and a beta of 0.80. Cardinal Health has a 12 month low of $62.70 and a 12 month high of $84.90.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The company had revenue of $32.97 billion during the quarter, compared to analysts’ expectations of $32.73 billion. Cardinal Health had a return on equity of 26.20% and a net margin of 0.99%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share.

A number of large investors have recently modified their holdings of CAH. Teachers Advisors LLC raised its stake in shares of Cardinal Health by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 653,880 shares of the company’s stock worth $47,060,000 after buying an additional 5,403 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Cardinal Health by 1.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 274,051 shares of the company’s stock worth $22,349,000 after buying an additional 4,174 shares during the last quarter. Cardinal Capital Management Inc. purchased a new position in shares of Cardinal Health during the first quarter worth $497,000. Denali Advisors LLC raised its position in shares of Cardinal Health by 50.4% in the first quarter. Denali Advisors LLC now owns 170,600 shares of the company’s stock worth $13,912,000 after buying an additional 57,200 shares during the last quarter. Finally, Charter Trust Co. raised its position in shares of Cardinal Health by 107.4% in the first quarter. Charter Trust Co. now owns 6,330 shares of the company’s stock worth $516,000 after buying an additional 3,278 shares during the last quarter. Institutional investors and hedge funds own 87.31% of the company’s stock.

In other Cardinal Health news, CEO of Cardinal Health’s pharmaceutical segment Jon L. Giacomin sold 23,270 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $72.87, for a total value of $1,695,684.90. Following the completion of the sale, the insider now owns 55,440 shares in the company, valued at approximately $4,039,912.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.94% of the company’s stock.

Cardinal Health Company Profile

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.

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

Receive News & Ratings for Cardinal Health Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Health Inc. and related companies with MarketBeat.com's FREE daily email newsletter.