NYSE:CAH - Cardinal Health Stock Price, Forecast & News

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

Cardinal Health announced a quarterly dividend on Tuesday, February 11th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.4811 per share on Wednesday, April 15th. This represents a $1.92 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Cardinal Health's previous quarterly dividend of $0.48. View Cardinal Health's Dividend History.

Cardinal Health declared that its Board of Directors has approved a stock buyback plan on Thursday, November 8th 2018, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Cardinal Health Inc (NYSE:CAH) posted its earnings results on Thursday, February, 6th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.22 by $0.30. The company earned $39.77 billion during the quarter, compared to analysts' expectations of $39.33 billion. Cardinal Health had a negative net margin of 2.81% and a positive return on equity of 45.21%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. View Cardinal Health's Earnings History.

Cardinal Health is scheduled to release their next quarterly earnings announcement on Thursday, May 14th 2020. View Earnings Estimates for Cardinal Health.

Cardinal Health issued an update on its FY20 earnings guidance on Thursday, February, 6th. 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.

9 brokerages have issued 1 year price objectives for Cardinal Health's stock. Their forecasts range from $50.00 to $68.00. On average, they expect Cardinal Health's share price to reach $58.57 in the next year. This suggests a possible upside of 12.4% 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 1 sell rating, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cardinal Health.

News coverage about CAH stock has been trending extremely negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cardinal Health earned a media sentiment score of -4.5 on InfoTrie's scale. They also gave news articles about the company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the company's share price in the next few days. View News Stories for Cardinal Health.

Cardinal Health saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 12,100,000 shares, a decrease of 9.0% from the January 15th total of 13,300,000 shares. Based on an average trading volume of 2,450,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 4.2% of the shares of the stock are short sold. 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).

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

Cardinal Health's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (7.38%), Macquarie Group Ltd. (5.92%), Bank of New York Mellon Corp (2.68%), FMR LLC (2.14%), American International Group Inc. (1.97%) and Geode Capital Management LLC (1.70%). 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 AQR Capital Management LLC, Franklin Resources Inc., American International Group Inc., Bank of New York Mellon Corp, FMR LLC, Renaissance Technologies LLC, Assetmark Inc. and State Street Corp. View Insider Buying and Selling for Cardinal Health.

CAH stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Janus Henderson Group PLC, Exchange Traded Concepts LLC, Bank of Montreal Can, Pzena Investment Management LLC, Public Sector Pension Investment Board, First Trust Advisors LP and Great West Life Assurance Co. Can. 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 $52.12.

Cardinal Health has a market capitalization of $15.21 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]