Equities analysts expect Cardinal Health Inc (NYSE:CAH) to post $1.13 earnings per share for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Cardinal Health’s earnings. The highest EPS estimate is $1.21 and the lowest is $1.01. Cardinal Health posted earnings per share of $1.34 during the same quarter last year, which indicates a negative year over year growth rate of 15.7%. The firm is expected to announce its next quarterly 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 anticipate 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 EPS calculations are a mean average based on a survey of analysts that that provide coverage for Cardinal Health.

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

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reissued a “hold” rating and issued a $80.00 target price on shares of Cardinal Health in a research report on Wednesday. Mizuho set a $70.00 price target on Cardinal Health and gave the company a “hold” rating in a research note on Tuesday, October 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cardinal Health in a research note on Thursday, October 12th. Cowen raised Cardinal Health to a “buy” rating and set a $74.00 price target for the company in a research note on Tuesday, October 10th. Finally, Evercore ISI initiated coverage on Cardinal Health in a research note on Thursday, January 4th. They issued an “in-line” rating and a $67.00 price target for the company. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. Cardinal Health presently has an average rating of “Hold” and an average target price of $73.58.

Shares of Cardinal Health (NYSE CAH) traded down $0.94 during trading on Friday, hitting $71.71. 3,828,300 shares of the stock were exchanged, compared to its average volume of 3,468,983. The company has a market capitalization of $22,600.00, a PE ratio of 20.91, a PEG ratio of 1.67 and a beta of 0.85. Cardinal Health has a 52 week low of $54.66 and a 52 week high of $84.88. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 1.06.

The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Tuesday, January 2nd were paid a $0.4624 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, December 29th. Cardinal Health’s dividend payout ratio (DPR) is presently 53.94%.

A number of hedge funds and other institutional investors have recently modified their holdings of CAH. Profund Advisors LLC raised its stake in Cardinal Health by 20.7% during the second quarter. Profund Advisors LLC now owns 10,571 shares of the company’s stock worth $824,000 after acquiring an additional 1,812 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Cardinal Health by 6.1% during the second quarter. UBS Asset Management Americas Inc. now owns 1,409,051 shares of the company’s stock worth $109,793,000 after purchasing an additional 81,569 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Cardinal Health by 1.9% during the second quarter. Vanguard Group Inc. now owns 23,642,277 shares of the company’s stock worth $1,842,205,000 after purchasing an additional 440,967 shares during the last quarter. TIAA FSB bought a new stake in shares of Cardinal Health during the second quarter worth about $3,750,000. Finally, California Public Employees Retirement System grew its holdings in shares of Cardinal Health by 1.0% during the second quarter. California Public Employees Retirement System now owns 732,123 shares of the company’s stock worth $57,047,000 after purchasing an additional 7,600 shares during the last quarter. 88.36% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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