FY2026 EPS Estimates for Cardinal Health Lifted by Analyst

Cardinal Health, Inc. (NYSE:CAH) – Equities researchers at Leerink Partnrs upped their FY2026 earnings per share (EPS) estimates for shares of Cardinal Health in a research note issued to investors on Tuesday, June 3rd. Leerink Partnrs analyst M. Cherny now forecasts that the company will post earnings of $9.13 per share for the year, up from their previous forecast of $9.11. The consensus estimate for Cardinal Health’s current full-year earnings is $7.95 per share. Leerink Partnrs also issued estimates for Cardinal Health’s FY2027 earnings at $10.01 EPS and FY2028 earnings at $10.97 EPS.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, May 1st. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.20. The firm had revenue of $54.88 billion for the quarter, compared to analyst estimates of $55.33 billion. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. Cardinal Health’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.08 EPS.

CAH has been the subject of several other reports. Bank of America lifted their target price on Cardinal Health from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Wall Street Zen raised Cardinal Health from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 5th. Morgan Stanley boosted their price objective on Cardinal Health from $142.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, Robert W. Baird boosted their price objective on Cardinal Health from $156.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Cardinal Health presently has a consensus rating of “Moderate Buy” and an average price target of $149.50.

Cardinal Health Price Performance

NYSE CAH opened at $154.19 on Wednesday. The company has a market cap of $36.80 billion, a P/E ratio of 28.77, a P/E/G ratio of 1.49 and a beta of 0.66. The stock has a 50-day moving average of $142.85 and a two-hundred day moving average of $130.95. Cardinal Health has a 1-year low of $93.17 and a 1-year high of $157.82.

Hedge Funds Weigh In On Cardinal Health

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cyrus J. Lawrence LLC acquired a new position in Cardinal Health in the fourth quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. purchased a new stake in Cardinal Health in the first quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its stake in Cardinal Health by 198.3% in the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock valued at $27,000 after buying an additional 14,034 shares during the last quarter. Promus Capital LLC purchased a new stake in Cardinal Health in the fourth quarter valued at approximately $30,000. Finally, Bellwether Advisors LLC purchased a new stake in Cardinal Health in the fourth quarter valued at approximately $32,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $0.5107 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.32%. This is an increase from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, July 1st. Cardinal Health’s dividend payout ratio is 31.83%.

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.