Cardinal Health, Inc. (NYSE:CAH) – Leerink Swann cut their Q2 2018 earnings per share estimates for Cardinal Health in a report issued on Monday. Leerink Swann analyst D. Larsen now forecasts that the company will post earnings of $1.21 per share for the quarter, down from their prior forecast of $1.22. Leerink Swann also issued estimates for Cardinal Health’s Q3 2018 earnings at $1.43 EPS, Q4 2018 earnings at $1.23 EPS and FY2018 earnings at $4.95 EPS.

Several other equities research analysts have also commented on the company. UBS AG restated a “neutral” rating and set a $76.00 price target (down from $79.00) on shares of Cardinal Health in a research note on Thursday, August 3rd. Credit Suisse Group restated an “outperform” rating and set a $87.00 price target (up from $81.00) on shares of Cardinal Health in a research note on Thursday, July 13th. BidaskClub lowered Cardinal Health from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research lowered Cardinal Health from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Finally, Cowen and Company restated a “market perform” rating and set a $77.00 price target (down from $82.00) on shares of Cardinal Health in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Cardinal Health has an average rating of “Hold” and a consensus price target of $74.81.

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Cardinal Health (NYSE CAH) traded down $2.09 during trading on Wednesday, reaching $58.47. The company had a trading volume of 5,781,483 shares, compared to its average volume of 3,150,000. The firm has a market capitalization of $18,690.00, a price-to-earnings ratio of 11.57, a P/E/G ratio of 1.76 and a beta of 0.88. Cardinal Health has a 52-week low of $57.54 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 0.80.

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

Several hedge funds have recently bought and sold shares of CAH. Bronfman E.L. Rothschild L.P. grew its stake in shares of Cardinal Health by 31.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,583 shares of the company’s stock valued at $123,000 after buying an additional 382 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Cardinal Health by 18.4% in the second quarter. Advisory Services Network LLC now owns 1,739 shares of the company’s stock valued at $136,000 after purchasing an additional 270 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Cardinal Health by 14.3% in the second quarter. JFS Wealth Advisors LLC now owns 1,949 shares of the company’s stock valued at $152,000 after purchasing an additional 244 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Cardinal Health in the second quarter valued at about $164,000. Finally, First Personal Financial Services boosted its holdings in Cardinal Health by 127.5% in the second quarter. First Personal Financial Services now owns 2,209 shares of the company’s stock valued at $172,000 after purchasing an additional 1,238 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be paid a $0.4624 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.16%. Cardinal Health’s dividend payout ratio (DPR) is currently 53.94%.

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.

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

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