Cardinal Health (NYSE:CAH) Issues FY25 Earnings Guidance

Cardinal Health (NYSE:CAH) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of at least $7.50 for the period, compared to the consensus estimate of $7.89. Cardinal Health also updated its FY24 guidance to $7.30-7.40 EPS.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CAH shares. Robert W. Baird dropped their target price on shares of Cardinal Health from $134.00 to $128.00 and set an outperform rating for the company in a report on Friday. StockNews.com upgraded shares of Cardinal Health from a buy rating to a strong-buy rating in a research report on Thursday. SVB Leerink began coverage on Cardinal Health in a research report on Monday, February 26th. They set an outperform rating and a $125.00 target price on the stock. Evercore ISI upped their price objective on shares of Cardinal Health from $110.00 to $115.00 and gave the company an in-line rating in a report on Friday. Finally, Wells Fargo & Company reduced their price target on shares of Cardinal Health from $96.00 to $94.00 and set an underweight rating for the company in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $105.79.

Cardinal Health Stock Down 4.0 %

CAH traded down $4.07 during trading on Friday, hitting $98.91. The company’s stock had a trading volume of 3,446,183 shares, compared to its average volume of 2,028,678. The firm has a market cap of $24.06 billion, a PE ratio of 43.96, a P/E/G ratio of 0.99 and a beta of 0.71. The business’s 50 day simple moving average is $109.10 and its 200-day simple moving average is $105.09. Cardinal Health has a one year low of $77.56 and a one year high of $116.04.

Cardinal Health (NYSE:CAH) last released its earnings results on Thursday, May 2nd. The company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.13. The company had revenue of $54.90 billion for the quarter, compared to analysts’ expectations of $56.05 billion. Cardinal Health had a net margin of 0.25% and a negative return on equity of 54.74%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 EPS. Equities research analysts expect that Cardinal Health will post 7.34 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.5006 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, March 28th. Cardinal Health’s dividend payout ratio (DPR) is 88.89%.

About Cardinal Health

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.