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 declared a quarterly dividend on Thursday, November 7th. Investors of record on Thursday, January 2nd will be given a dividend of $0.481 per share on Wednesday, January 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Tuesday, December 31st. View Cardinal Health's Dividend History.

Cardinal Health declared that its board has authorized a stock buyback plan 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 purchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Cardinal Health Inc (NYSE:CAH) posted its earnings results on Thursday, November, 7th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.18. The business earned $37.34 billion during the quarter, compared to the consensus estimate of $36.75 billion. Cardinal Health had a positive return on equity of 32.25% and a negative net margin of 2.81%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. View Cardinal Health's Earnings History.

Cardinal Health is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Cardinal Health.

Cardinal Health will be holding an earnings conference call on Thursday, February 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 updated its FY 2020 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of $4.85-5.10 for the period, compared to the Thomson Reuters consensus estimate of $4.99.

6 analysts have issued 12-month price targets for Cardinal Health's stock. Their forecasts range from $41.00 to $55.00. On average, they expect Cardinal Health's share price to reach $50.00 in the next twelve months. This suggests that the stock has a possible downside of 7.1%. View Analyst Price Targets for Cardinal Health.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cardinal Health in the last year. There are currently 2 sell ratings and 4 hold ratings 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 on Sunday, InfoTrie reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cardinal Health earned a news sentiment score of -4.5 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Cardinal Health.

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 AT&T (T), AbbVie (ABBV), Johnson & Johnson (JNJ), Exxon Mobil (XOM), CVS Health (CVS), Becton Dickinson and (BDX), Verizon Communications (VZ), PepsiCo (PEP), Pfizer (PFE) and Gilead Sciences (GILD).

Cardinal Health's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Exchange Traded Concepts LLC (0.17%), New York State Teachers Retirement System (0.13%), Zurcher Kantonalbank Zurich Cantonalbank (0.06%), Commerzbank Aktiengesellschaft FI (0.05%), Kempner Capital Management Inc. (0.04%) and Nisa Investment Advisors LLC (0.04%). Company insiders that own Cardinal Health stock include Jon L Giacomin, 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 Sumitomo Mitsui DS Asset Management Company Ltd, Nippon Life Global Investors Americas Inc., Harel Insurance Investments & Financial Services Ltd., New York State Teachers Retirement System, Zeke Capital Advisors LLC, United Services Automobile Association, Janney Montgomery Scott LLC and Exane Derivatives. View Insider Buying and Selling for Cardinal Health.

CAH stock was purchased by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, Commerzbank Aktiengesellschaft FI, Sage Capital Advisors llc, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Strs Ohio, RFG Advisory LLC, Zurcher Kantonalbank Zurich Cantonalbank and DNB Asset Management AS. 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 $53.82.

Cardinal Health has a market capitalization of $15.74 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]