Equities research analysts expect Cardinal Health Inc (NYSE:CAH) to report earnings of $1.51 per share for the current quarter, according to Zacks. Eight analysts have made estimates for Cardinal Health’s earnings, with the lowest EPS estimate coming in at $1.42 and the highest estimate coming in at $1.60. Cardinal Health posted earnings per share of $1.53 during the same quarter last year, which indicates a negative year-over-year growth rate of 1.3%. The business is expected to issue its next quarterly earnings results on Monday, May 7th.
On average, analysts expect that Cardinal Health will report full-year earnings of $5.38 per share for the current year, with EPS estimates ranging from $4.90 to $5.60. For the next financial year, analysts expect that the company will report earnings of $6.06 per share, with EPS estimates ranging from $5.35 to $6.26. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Cardinal Health.
Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.14 by $0.17. Cardinal Health had a net margin of 1.37% and a return on equity of 24.81%. The company had revenue of $35.19 billion for the quarter, compared to the consensus estimate of $34.63 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis.
Shares of Cardinal Health (CAH) traded down $0.53 during midday trading on Thursday, hitting $70.04. 3,179,292 shares of the company traded hands, compared to its average volume of 3,190,000. The company has a current ratio of 1.09, a quick ratio of 0.57 and a debt-to-equity ratio of 1.19. Cardinal Health has a 12 month low of $54.66 and a 12 month high of $84.88. The stock has a market capitalization of $22,040.00, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 1.50 and a beta of 0.95.
Cardinal Health announced that its board has approved a stock buyback plan on Thursday, February 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.4624 per share. This represents a $1.85 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Thursday, March 29th. Cardinal Health’s payout ratio is currently 63.36%.
In related news, CEO Michael C. Kaufmann sold 18,586 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $73.90, for a total transaction of $1,373,505.40. Following the completion of the transaction, the chief executive officer now directly owns 211,849 shares in the company, valued at approximately $15,655,641.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Patricia Morrison sold 28,532 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $66.30, for a total value of $1,891,671.60. Following the transaction, the insider now owns 36,157 shares of the company’s stock, valued at $2,397,209.10. The disclosure for this sale can be found here. Insiders have sold a total of 55,113 shares of company stock valued at $3,815,073 in the last ninety days. Insiders own 0.97% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new position in shares of Cardinal Health during the 3rd quarter valued at approximately $102,000. Ffcm LLC bought a new position in shares of Cardinal Health during the 4th quarter valued at approximately $105,000. JNBA Financial Advisors grew its stake in shares of Cardinal Health by 615.4% during the 4th quarter. JNBA Financial Advisors now owns 1,860 shares of the company’s stock valued at $114,000 after acquiring an additional 1,600 shares during the period. Cerebellum GP LLC bought a new position in shares of Cardinal Health during the 4th quarter valued at approximately $129,000. Finally, Advisory Services Network LLC grew its stake in shares of Cardinal Health by 18.4% during the 2nd quarter. Advisory Services Network LLC now owns 1,739 shares of the company’s stock valued at $136,000 after acquiring an additional 270 shares during the period. Institutional investors own 89.77% of the company’s stock.
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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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