Cardinal Health (CAH) Set to Announce Earnings on Wednesday

Cardinal Health (NYSE:CAH) is set to post its quarterly earnings results before the market opens on Wednesday, August 14th. Analysts expect Cardinal Health to post earnings of $1.72 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Cardinal Health Stock Performance

Shares of CAH stock opened at $100.66 on Tuesday. The company has a market capitalization of $24.52 billion, a P/E ratio of 44.74, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61. Cardinal Health has a 52 week low of $85.11 and a 52 week high of $116.04. The company’s 50 day moving average price is $98.72 and its two-hundred day moving average price is $103.18.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Argus cut their price objective on shares of Cardinal Health from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Wells Fargo & Company cut their price target on Cardinal Health from $96.00 to $94.00 and set an “underweight” rating on the stock in a report on Monday, April 29th. Evercore ISI decreased their price objective on Cardinal Health from $115.00 to $105.00 and set an “in-line” rating for the company in a report on Tuesday, July 9th. Citigroup dropped their target price on Cardinal Health from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Finally, Robert W. Baird upped their price target on Cardinal Health from $129.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cardinal Health presently has an average rating of “Moderate Buy” and a consensus target price of $109.67.

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.