Cardinal Health (NYSE:CAH) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.85 to $5.10 for the period, compared to the Thomson Reuters consensus estimate of $5.10. Cardinal Health also updated its FY 2020 guidance to $4.85-5.10 EPS.
NYSE CAH traded up $0.46 on Friday, reaching $44.35. 2,029,300 shares of the stock traded hands, compared to its average volume of 3,335,114. The company has a current ratio of 1.07, a quick ratio of 0.54 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $46.02. The company has a market cap of $13.08 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. Cardinal Health has a 12 month low of $41.03 and a 12 month high of $58.31.
Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, August 8th. The company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.18. The business had revenue of $37.35 billion during the quarter, compared to analyst estimates of $36.70 billion. Cardinal Health had a return on equity of 25.96% and a net margin of 0.94%. Cardinal Health’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. Equities analysts anticipate that Cardinal Health will post 5.02 EPS for the current year.
A number of equities research analysts have weighed in on CAH shares. Guggenheim started coverage on Cardinal Health in a research report on Wednesday, April 17th. They set a neutral rating and a $51.00 target price for the company. ValuEngine raised Cardinal Health from a strong sell rating to a sell rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $54.63.
About Cardinal Health
Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides medical products and pharmaceuticals, and solutions that enhance supply chain efficiency for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices.
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