FY2027 EPS Estimates for Cardinal Health Raised by Analyst

Cardinal Health, Inc. (NYSE:CAH) – Stock analysts at Zacks Research lifted their FY2027 earnings per share (EPS) estimates for shares of Cardinal Health in a research note issued on Thursday, June 19th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $9.78 for the year, up from their prior forecast of $9.77. The consensus estimate for Cardinal Health’s current full-year earnings is $7.95 per share.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, May 1st. The company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.20. Cardinal Health had a net margin of 0.70% and a negative return on equity of 68.84%. The firm had revenue of $54.88 billion for the quarter, compared to the consensus estimate of $55.33 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. The business’s revenue was up .0% on a year-over-year basis.

A number of other research analysts have also weighed in on the stock. Robert W. Baird raised their price objective on shares of Cardinal Health from $156.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. UBS Group raised their price objective on shares of Cardinal Health from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Morgan Stanley set a $181.00 price objective on shares of Cardinal Health and gave the company an “overweight” rating in a research note on Friday, June 13th. Mizuho raised their price objective on shares of Cardinal Health from $142.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, March 31st. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $180.00 price objective (up from $175.00) on shares of Cardinal Health in a research note on Thursday, June 12th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.43.

Cardinal Health Trading Up 0.2%

Cardinal Health stock opened at $164.26 on Monday. Cardinal Health has a 1-year low of $93.17 and a 1-year high of $166.32. The firm has a market capitalization of $39.21 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 1.83 and a beta of 0.66. The firm’s fifty day moving average price is $150.71 and its two-hundred day moving average price is $134.69.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Flputnam Investment Management Co. lifted its position in shares of Cardinal Health by 1.8% during the fourth quarter. Flputnam Investment Management Co. now owns 180,586 shares of the company’s stock valued at $21,358,000 after purchasing an additional 3,148 shares in the last quarter. Huntington National Bank raised its position in Cardinal Health by 1.2% in the fourth quarter. Huntington National Bank now owns 10,920 shares of the company’s stock worth $1,292,000 after acquiring an additional 128 shares during the period. Kingswood Wealth Advisors LLC raised its position in Cardinal Health by 17.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,119 shares of the company’s stock worth $429,000 after acquiring an additional 457 shares during the period. Fisher Asset Management LLC bought a new stake in Cardinal Health in the fourth quarter worth about $368,000. Finally, Assenagon Asset Management S.A. raised its position in Cardinal Health by 25.8% in the first quarter. Assenagon Asset Management S.A. now owns 13,147 shares of the company’s stock worth $1,811,000 after acquiring an additional 2,694 shares during the period. 87.17% of the stock is owned by institutional investors.

Cardinal Health Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.5107 per share. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, July 1st. Cardinal Health’s dividend payout ratio (DPR) is presently 31.51%.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.