NYSE:CAHCardinal Health Stock Price, Forecast & News

Cardinal Health's stock was trading at $48.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CAH stock has increased by 2.9% and is now trading at $50.08. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cardinal Health in the last year. There are currently 8 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cardinal Health.

Cardinal Health is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Cardinal Health.

Cardinal Health will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cardinal Health Inc (NYSE:CAH) posted its quarterly earnings data on Monday, May, 11th. The company reported $1.62 EPS for the quarter, topping the Zacks' consensus estimate of $1.43 by $0.19. The firm earned $39.16 billion during the quarter, compared to analysts' expectations of $37.04 billion. Cardinal Health had a negative net margin of 2.71% and a positive return on equity of 69.23%. Cardinal Health's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 earnings per share. View Cardinal Health's earnings history.

Cardinal Health announced a quarterly dividend on Monday, May 11th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.486 per share on Wednesday, July 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Tuesday, June 30th. This is a positive change from Cardinal Health's previous quarterly dividend of $0.48. View Cardinal Health's dividend history.

Cardinal Health announced that its board has approved a share repurchase program on Thursday, November 8th 2018, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Cardinal Health updated its FY20 earnings guidance on Monday, May, 11th. The company provided earnings per share guidance of $5.20-5.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.00.

11 brokerages have issued twelve-month price targets for Cardinal Health's stock. Their forecasts range from $50.00 to $68.00. On average, they anticipate Cardinal Health's stock price to reach $57.50 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price. View analysts' price targets for Cardinal Health.

Media headlines about CAH stock have trended very negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cardinal Health earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Cardinal Health.

Cardinal Health saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,120,000 shares, an increase of 11.1% from the June 15th total of 3,710,000 shares. Based on an average daily volume of 2,580,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.4% of the shares of the company are sold short. View Cardinal Health's Current Options Chain.

Some companies that are related to Cardinal Health include McKesson (MCK), AmerisourceBergen (ABC), Henry Schein (HSIC), Patterson Companies (PDCO) and Owens & Minor (OMI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cardinal Health investors own include AbbVie (ABBV), Johnson & Johnson (JNJ), AT&T (T), Exxon Mobil (XOM), CVS Health (CVS), Gilead Sciences (GILD), Verizon Communications (VZ), Becton Dickinson and (BDX), PepsiCo (PEP) and Pfizer (PFE).

Cardinal Health trades on the New York Stock Exchange (NYSE) under the ticker symbol "CAH."

Cardinal Health's stock is owned by many different retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.20%), Envestnet Asset Management Inc. (0.11%), Contravisory Investment Management Inc. (0.03%), Cypress Capital Group (0.03%), State of Alaska Department of Revenue (0.02%) and DNB Asset Management AS (0.02%). Company insiders that own Cardinal Health stock include Jon L Giacomin and Stuart G Laws. View institutional ownership trends for Cardinal Health.

CAH stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Exane Derivatives, DNB Asset Management AS, IFM Investors Pty Ltd, Birch Capital Management LLC, Rockland Trust Co., Bangor Savings Bank, and Murphy Middleton Hinkle & Parker Inc.. View insider buying and selling activity for Cardinal Health.

CAH stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Contravisory Investment Management Inc., Cypress Capital Group, Forte Capital LLC ADV, Canandaigua National Corp, Park National Corp OH, Thomasville National Bank, and State of Alaska Department of Revenue. View insider buying and selling activity for Cardinal Health.

Shares of CAH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CAH stock can currently be purchased for approximately $50.08.

Cardinal Health has a market capitalization of $14.62 billion and generates $145.53 billion in revenue each year. The company earns $1.36 billion in net income (profit) each year or $5.28 on an earnings per share basis. Cardinal Health employs 31,000 workers across the globe.

The official website for Cardinal Health is www.cardinalhealth.com.

Cardinal Health's mailing address is 7000 CARDINAL PLACE, DUBLIN OH, 43017. The company can be reached via phone at 614-757-5000 or via email at [email protected]