Cardinal Health, Inc. (NYSE:CAH) Expected to Earn FY2026 Earnings of $8.48 Per Share

Cardinal Health, Inc. (NYSE:CAH) – Investment analysts at Leerink Partnrs dropped their FY2026 earnings per share (EPS) estimates for shares of Cardinal Health in a report released on Monday, April 22nd. Leerink Partnrs analyst M. Cherny now anticipates that the company will post earnings per share of $8.48 for the year, down from their previous estimate of $9.19. Leerink Partnrs has a “Outperform” rating on the stock. The consensus estimate for Cardinal Health’s current full-year earnings is $7.28 per share. Leerink Partnrs also issued estimates for Cardinal Health’s FY2027 earnings at $9.38 EPS and FY2028 earnings at $10.50 EPS.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.26. The company had revenue of $57.45 billion for the quarter, compared to the consensus estimate of $57.02 billion. Cardinal Health had a negative return on equity of 57.44% and a net margin of 0.30%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS.

CAH has been the topic of several other reports. UBS Group increased their target price on shares of Cardinal Health from $122.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Argus raised shares of Cardinal Health from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. SVB Leerink began coverage on shares of Cardinal Health in a research note on Monday, February 26th. They issued an “outperform” rating and a $125.00 target price on the stock. TheStreet lowered shares of Cardinal Health from a “b-” rating to a “c+” rating in a research note on Wednesday, December 27th. Finally, Barclays began coverage on shares of Cardinal Health in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $117.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.07.

Cardinal Health Stock Performance

Shares of CAH opened at $103.37 on Wednesday. The business’s 50-day moving average is $109.56 and its two-hundred day moving average is $104.60. The company has a market capitalization of $25.14 billion, a P/E ratio of 40.70, a P/E/G ratio of 1.04 and a beta of 0.68. Cardinal Health has a fifty-two week low of $77.56 and a fifty-two week high of $116.04.

Institutional Trading of Cardinal Health

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of Cardinal Health by 82.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,128,009 shares of the company’s stock worth $358,390,000 after buying an additional 1,862,291 shares during the last quarter. Northern Trust Corp increased its holdings in Cardinal Health by 0.9% in the 3rd quarter. Northern Trust Corp now owns 3,340,547 shares of the company’s stock valued at $290,026,000 after purchasing an additional 28,412 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Cardinal Health by 17.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,619,561 shares of the company’s stock valued at $264,052,000 after purchasing an additional 389,431 shares during the last quarter. Norges Bank acquired a new stake in Cardinal Health in the 4th quarter valued at approximately $258,499,000. Finally, AQR Capital Management LLC increased its holdings in Cardinal Health by 0.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,496,531 shares of the company’s stock valued at $216,749,000 after purchasing an additional 19,287 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a dividend of $0.5006 per share. The ex-dividend date was Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.94%. Cardinal Health’s dividend payout ratio is currently 78.74%.

Cardinal Health Company Profile

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.