Cardinal Health, Inc. (CAH) to Post Q2 2018 Earnings of $1.21 Per Share, Leerink Swann Forecasts
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.
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