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 Tuesday, February 11th. Stockholders 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 3.84%. The ex-dividend date is Tuesday, March 31st. This is an increase 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 stock 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 repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Cardinal Health Inc (NYSE:CAH) posted its quarterly earnings data on Thursday, February, 6th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.30. The business earned $39.77 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company 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, 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 EPS estimate of $5.00.

9 analysts have issued 12 month target prices 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 $58.57 in the next year. This suggests a possible upside of 17.0% 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.

Media coverage about CAH stock has trended very negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cardinal Health earned a media sentiment score of -3.5 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Cardinal Health.

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

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 a number of of institutional and retail investors. Top institutional shareholders include State Street Corp (7.38%), Bank of New York Mellon Corp (2.68%), FMR LLC (2.14%), American International Group Inc. (1.97%), Geode Capital Management LLC (1.70%) and Pzena Investment Management LLC (1.37%). 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 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, Great West Life Assurance Co. Can and Schroder Investment Management Group. 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 $50.06.

Cardinal Health has a market capitalization of $14.61 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]