Cardinal Health Stock Price, News & Analysis (NYSE:CAH)

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

Cardinal Health declared a quarterly dividend on Thursday, August 8th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.4811 per share on Tuesday, October 15th. This represents a $1.92 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Monday, September 30th. View Cardinal Health's Dividend History.

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

Cardinal Health Inc (NYSE:CAH) released its quarterly earnings results on Thursday, August, 8th. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. The firm earned $37.35 billion during the quarter, compared to analyst estimates of $36.70 billion. Cardinal Health had a return on equity of 25.96% and a net margin of 0.94%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 earnings per share. View Cardinal Health's Earnings History.

Cardinal Health is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Cardinal Health.

Cardinal Health will be holding an earnings conference call on Thursday, November 7th 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 updated its FY20 earnings guidance on Thursday, August, 8th. The company provided earnings per share (EPS) guidance of $4.85 to $5.10 for the period, compared to the Thomson Reuters consensus estimate of $5.10.

9 equities research analysts have issued twelve-month price objectives for Cardinal Health's shares. Their forecasts range from $41.00 to $61.00. On average, they anticipate Cardinal Health's share price to reach $52.86 in the next year. This suggests a possible upside of 5.7% from the stock's current price. View Analyst Price Targets for Cardinal Health.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cardinal Health in the last year. There are currently 2 sell ratings, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cardinal Health.

News stories about CAH stock have been trending somewhat negative recently, InfoTrie reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cardinal Health earned a daily sentiment score of -1.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Cardinal Health.

Cardinal Health saw a increase in short interest in September. As of September 30th, there was short interest totalling 21,200,000 shares, an increase of 5.3% from the August 30th total of 20,130,000 shares. Based on an average daily trading volume, of 2,830,000 shares, the days-to-cover ratio is currently 7.5 days. Currently, 7.3% of the company's stock 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), Owens & Minor (OMI) and MWI Veterinary Supply (MWIV).

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

Cardinal Health's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.34%), Rhumbline Advisers (0.19%), CWM LLC (0.11%), Envestnet Asset Management Inc. (0.10%), State of New Jersey Common Pension Fund D (0.08%) and Pacer Advisors Inc. (0.05%). Company insiders that own Cardinal Health stock include Jon L Giacomin, Michael C Kaufmann, Patricia Morrison 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 Alberta Investment Management Corp, Parsec Financial Management Inc., CWM LLC, State of Alaska Department of Revenue, Nippon Life Global Investors Americas Inc., Convergence Investment Partners LLC, AdvisorNet Financial Inc and Meeder Asset Management Inc.. View Insider Buying and Selling for Cardinal Health.

CAH stock was bought by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Robeco Institutional Asset Management B.V., Exane Derivatives, Envestnet Asset Management Inc., Rhumbline Advisers, Commerzbank Aktiengesellschaft FI, Zeke Capital Advisors LLC and Thomasville National Bank. View Insider Buying and Selling 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 $50.02.

Cardinal Health has a market capitalization of $14.63 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.View Additional Information About Cardinal Health.

The official website for Cardinal Health is http://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]