Brokerages forecast that Cardinal Health Inc (NYSE:CAH) will post earnings per share of $0.96 for the current quarter, according to Zacks. Five analysts have issued estimates for Cardinal Health’s earnings. The highest EPS estimate is $1.13 and the lowest is $0.91. Cardinal Health posted earnings per share of $1.01 during the same quarter last year, which indicates a negative year over year growth rate of 5%. The company is expected to report its next earnings report on Monday, August 5th.

According to Zacks, analysts expect that Cardinal Health will report full year earnings of $5.10 per share for the current financial year, with EPS estimates ranging from $5.08 to $5.12. For the next fiscal year, analysts expect that the firm will post earnings of $5.19 per share, with EPS estimates ranging from $5.01 to $5.36. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Cardinal Health.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, May 9th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.16. The company had revenue of $35.23 billion for the quarter, compared to analyst estimates of $35.09 billion. Cardinal Health’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS.

A number of brokerages have commented on CAH. Zacks Investment Research upgraded Cardinal Health from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, March 5th. Guggenheim began coverage on Cardinal Health in a report on Wednesday, April 17th. They set a “neutral” rating and a $51.00 target price on the stock. ValuEngine cut Cardinal Health from a “sell” rating to a “strong sell” rating in a report on Monday, February 25th. Finally, Wolfe Research began coverage on Cardinal Health in a report on Tuesday, April 2nd. They set an “underperform” rating on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Cardinal Health currently has a consensus rating of “Hold” and an average price target of $56.20.

NYSE:CAH traded down $0.91 during trading hours on Friday, reaching $44.36. 57,052 shares of the company traded hands, compared to its average volume of 2,435,472. The stock has a market cap of $13.18 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.54 and a current ratio of 1.07. Cardinal Health has a 1-year low of $42.01 and a 1-year high of $58.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.4811 per share. This is a boost from Cardinal Health’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.92 annualized dividend and a dividend yield of 4.34%. Cardinal Health’s dividend payout ratio (DPR) is 38.20%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc raised its position in Cardinal Health by 22.0% in the third quarter. Vanguard Group Inc now owns 28,021,950 shares of the company’s stock valued at $1,513,186,000 after purchasing an additional 5,058,369 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Cardinal Health by 4,912.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,698,476 shares of the company’s stock worth $105,000 after buying an additional 4,604,746 shares during the period. Norges Bank acquired a new position in shares of Cardinal Health during the fourth quarter worth approximately $133,685,000. BlackRock Inc. boosted its position in shares of Cardinal Health by 8.9% during the fourth quarter. BlackRock Inc. now owns 26,135,772 shares of the company’s stock worth $1,165,655,000 after buying an additional 2,134,377 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Cardinal Health by 2,634.7% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,469,279 shares of the company’s stock worth $70,746,000 after buying an additional 1,415,551 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Cardinal Health Company Profile

Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides medical products and pharmaceuticals, and solutions that enhance supply chain efficiency for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices.

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

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