Stock Update: Cardinal Health Inc (NYSE:CAH) – Cardinal Health Board of Directors Approves Quarterly Dividend

[PR Newswire] – DUBLIN, Ohio, Feb. 2, 2016 /PRNewswire/ — Cardinal Health today announced that its board of directors approved a quarterly dividend of $0.387 per share. This quarterly dividend will be payable on April … Read more on this. Cardinal Health, Inc. (CAH) , valued at $25.57B, opened this morning at $79.46. Shares have traded today between $77.38 and $79.95 per share with a one year range of $74.76 to $91.91. CAH shares are currently priced at 15.11x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 9.92x forward p/e ratio. The company pays shareholders $1.55 per share annually in dividends, yielding 1.90%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.34 per share, which would be $0.15 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $5.28 which would be a $0.90 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $29.82 Billion. If reported, that would be a 17.49% increase over the year-ago quarter. In terms of ratings, Raymond James downgraded CAH from Outperform to Mkt Perform (Jan 6, 2016). Previously, Goldman upgraded CAH from Neutral to Buy. Investors should keep in mind is that the average price target is $97.90, which is 23.21% above where the stock opened this morning. See more in (NYSE:CAH) Similar Articles: Company Update: Cardinal Health Inc (NYSE:CAH) – Cardinal Health Ranked Among Most LGBT-Inclusive Places to Work in 2016 Company Update (NYSE:CAH): Cardinal Health Introduces Hospital Quality at Home™ Products Market Update (NYSE:CAH): Cardinal Health Board of Directors Approves Quarterly Dividend