Q3 EPS Estimates for Cardinal Health Increased by Analyst

Cardinal Health, Inc. (NYSE:CAH - Free Report) - Equities researchers at Zacks Research boosted their Q3 2026 earnings per share estimates for Cardinal Health in a report released on Thursday, December 5th. Zacks Research analyst R. Department now anticipates that the company will earn $2.40 per share for the quarter, up from their prior forecast of $2.35. The consensus estimate for Cardinal Health's current full-year earnings is $7.82 per share. Zacks Research also issued estimates for Cardinal Health's FY2026 earnings at $8.65 EPS and FY2027 earnings at $9.20 EPS.

A number of other research analysts have also commented on CAH. JPMorgan Chase & Co. upped their target price on Cardinal Health from $111.00 to $123.00 and gave the company a "neutral" rating in a research note on Wednesday, August 21st. Evercore ISI upped their target price on Cardinal Health from $105.00 to $115.00 and gave the company an "in-line" rating in a research note on Thursday, August 15th. UBS Group upped their target price on Cardinal Health from $134.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Mizuho started coverage on Cardinal Health in a research note on Wednesday, December 4th. They issued an "outperform" rating and a $139.00 target price for the company. Finally, StockNews.com lowered Cardinal Health from a "strong-buy" rating to a "buy" rating in a research note on Sunday, November 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.58.

Cardinal Health Stock Down 0.9 %

Shares of CAH stock traded down $1.15 during trading hours on Monday, reaching $121.61. 2,087,082 shares of the company's stock were exchanged, compared to its average volume of 2,103,639. Cardinal Health has a fifty-two week low of $93.17 and a fifty-two week high of $126.23. The stock has a market capitalization of $29.43 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.53 and a beta of 0.61. The business has a fifty day moving average price of $116.29 and a 200-day moving average price of $107.72.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.26. Cardinal Health had a negative return on equity of 56.56% and a net margin of 0.56%. The company had revenue of $52.28 billion during the quarter, compared to analyst estimates of $50.90 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The company's quarterly revenue was down 4.3% compared to the same quarter last year.

Cardinal Health Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, January 2nd. Cardinal Health's payout ratio is presently 39.30%.

Hedge Funds Weigh In On Cardinal Health

Hedge funds have recently added to or reduced their stakes in the company. Paragon Capital Management Inc. lifted its stake in Cardinal Health by 0.7% in the second quarter. Paragon Capital Management Inc. now owns 14,758 shares of the company's stock valued at $1,451,000 after buying an additional 99 shares during the period. Midland Wealth Advisors LLC lifted its stake in Cardinal Health by 4.2% in the second quarter. Midland Wealth Advisors LLC now owns 2,488 shares of the company's stock valued at $245,000 after buying an additional 100 shares during the period. Aptus Capital Advisors LLC lifted its stake in Cardinal Health by 5.1% in the second quarter. Aptus Capital Advisors LLC now owns 2,071 shares of the company's stock valued at $204,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Cardinal Health by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 20,891 shares of the company's stock valued at $2,054,000 after buying an additional 100 shares during the period. Finally, Huntington National Bank lifted its stake in Cardinal Health by 0.9% in the third quarter. Huntington National Bank now owns 10,792 shares of the company's stock valued at $1,193,000 after buying an additional 100 shares during the period. Institutional investors own 87.17% of the company's stock.

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.