Cardinal Health Inc (CAH) Releases Earnings Results, Beats Expectations By $0.04 EPS

Shares of Cardinal Health started to recover from Friday's sell-off with Monday's results

Shares of Cardinal Health started to recover from Friday's sell-off with Monday's results

Adjusted earnings were $1.24 per share, surpassing Wall Street expectations.

Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters, no analyst given HOLD rating to the stock.

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 15th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.21 by $0.03. Morgan Stanley reissued a "hold" rating and set a $91.00 price target on shares of Cardinal Health in a research report on Monday, September 12th.

Shares of Cardinal Health Inc (NYSE:CAH), dropped -2.62% and closed at $66.89 in the last trading session. Analyst forecasts, earnings estimates and price target projections are issued to help their clients make money through stock investments. Combining all the recommendations on Cardinal Health, Inc.

10/06/2016 - UBS began new coverage on Cardinal Health, Inc. giving the company a "neutral" rating. The company's next earnings report is expected to be released on or around 2017-02-06 for the period ending on 2016-12-31. The stock had a trading capacity of 5.41M shares. The company's Market Capitalization is $22.79 billion with the total Outstanding Shares of 527.82 million. That means the share price went down -25.14% from its 52-week low and trades up 5.74% versus the highest price the stock has traded at during the previous year. The stock has a 50 day moving average of $76.13 and a 200-day moving average of $79.41.

Another recent and important Cardinal Health Inc (NYSE:CAH) news was published by which published an article titled: "Cardinal Health to Webcast Discussion of First-Quarter Results for Fiscal Year ..." on September 28, 2016. Cardinal Health had a net margin of 1.17% and a return on equity of 26.09%. The company's quarterly revenue was up 14.2% on a year-over-year basis. Shares registered one year high at $847.21 and the one year low of $474.00. 0 analysts call it Underweight, while 3 think it is Overweight.

Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position. The Short Ratio for the stock is 4.38. Foster & Motley Inc. now owns 6,898 shares of the company's stock valued at $536,000 after buying an additional 425 shares in the last quarter. SOUTH STATE Corp boosted its position in Cardinal Health by 3.0% in the second quarter.

On 08/02/2016, the stock reported the EPS of $1.43 where Analysts were projecting the EPS to be $1.33 showing a difference of $0.1. Institutional investors and hedge funds own 86.17% of the company's stock. Following the completion of the transaction, the chief executive officer now directly owns 510,762 shares in the company, valued at $42,781,425.12.

Several hedge funds have recently bought and sold shares of the company. The shares were sold at an average price of $82.45, for a total value of $800,012.35. National Pension Serv has 0.15% invested in the company for 220,254 shares. The disclosure for this sale can be found here. Strong performance from the Specialty business also drove results.

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