Economy

Cardinal Health Inc (CAH) Anticipated to Announce Quarterly Sales of $33.51 Billion

Cardinal Health, Inc. (CAH) analysts on average have given a price target of $72.13 on CAH stock. While to figure out more clear vision, firm's returns on investment calculated as 0.40%; it gives answer about efficiency of different investments in different securities.

Whereas they predicted High and Low Earnings Estimate as $1.57 and $1.45 respectively. Cardinal Health, Inc. (NYSE:CAH) has declined 25.57% since May 5, 2017 and is downtrending. The firm is scheduled to announce its next earnings results before the market opens on Thursday, May 3rd.

NYSE CAH opened at $53.01 on Monday. The company reported $1.31 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.14 by $0.17.

According to 11 analysts, the Average Revenue Estimate for the current Fiscal quarter is $36.41 Billion and the Low Revenue estimate is $35.22 Billion, while the High Revenue estimate is $37.14 Billion. $1.37M worth of Cardinal Health, Inc. The co's performance for 6 months was plunged of -9.05%, year to date showing plunged performance of -4.72%. Bank of New York Mellon Corp now owns 5,049,224 shares of the company's stock valued at $309,366,000 after purchasing an additional 1,203,015 shares during the last quarter.

Several analysts recently weighed in on the company. Nelson Van Denburg And Campbell Wealth Mgmt Limited Liability Company, a Nebraska-based fund reported 6,519 shares. Leerink Swann upgraded shares of Cardinal Health from a "market perform" rating to an "outperform" rating and set a $75.00 target price on the stock in a research note on Tuesday, April 24th. Barclays dropped their target price on shares of Cardinal Health from $74.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Monday, April 16th. They set an "in-line" rating and a $67.00 price target for the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Cardinal Health by 1.4% during the 1st quarter.

When we look at the Analyst Recommendations of the stock, the company has 3 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Mcdonald Capital Investors Ca holds 3.5% in Cardinal Health, Inc.

On 2/14/2018 Patricia Morrison, Insider, sold 28,532 with an average share price of $66.30 per share and the total transaction amounting to $1,891,671.60. 18,586 shares were sold by Kaufmann Michael C, worth $1.37M. Following the completion of the transaction, the chief executive officer now directly owns 63,043 shares in the company, valued at approximately $4,336,097.54. Also, CEO Jon L. Giacomin sold 7,995 shares of Cardinal Health stock in a transaction that occurred on Tuesday, February 20th. The disclosure for this sale can be found here. New Mexico Educational Retirement Board raised its holdings in shares of Cardinal Health by 3.7% during the fourth quarter. Janney Montgomery Scott Limited Liability Company invested in 25,552 shs or 0.02% of the stock.

Several institutional investors have recently bought and sold shares of CAH. American International Group Inc. grew its holdings in shares of Cardinal Health by 5,859.3% during the 4th quarter. The Skba Capital Management Llc holds 96,900 shares with $5.94 million value, down from 102,440 last quarter.

To make strengthen these views, the active industry Cardinal Health, Inc. The stock has a market cap of 944.05 Million.

Cardinal Health, Inc. operates as an integrated healthcare services and products firm worldwide.The firm is valued at $16.78 billion. Cibc Financial Bank Usa holds 0.03% or 4,517 shares. Toronto Dominion Bank now owns 135,627 shares of the company's stock worth $8,310,000 after purchasing an additional 15,613 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Cardinal Health during the fourth quarter worth $579,000. (NYSE:CAH) for 52,999 shs. The firm has a market capitalization of $20,345.80, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.48 and a beta of 1.06.

The company's ATR (Average True Range) is 0.17. The higher end of the revenue estimate is $2.98 Billion and the lower end is $2.8 Billion. Shareholders of record on Monday, April 2nd will be issued a $0.4624 dividend. (NYSE:CAH) has "Buy" rating given on Thursday, August 3 by Credit Suisse. This represents a $1.85 dividend on an annualized basis and a yield of 3.49%. Oak Associates Oh has invested 0.23% in Cardinal Health, Inc. For CAH, the company now has 1.25 billion of cash on the books, which is offset by 702 million in current liabilities. (NYSE:CAH)'s stock as an Outperform in a research note published on Tuesday, April 24th, 2018. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Cardinal Health, Inc is a healthcare services and products company.



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