Company Update (NYSE:CAH): Cardinal Health to Release Third-Quarter Results for Fiscal Year 2016 on April 28

[PR Newswire] – Presentation slides and a webcast replay will be available on the Cardinal Health website at ir.cardinalhealth.com until April 27, 2017. Cardinal Health, Inc. (CAH), a global health services and products company, brings scaled solutions that help our customers thrive in a changing world. Read more on this. Cardinal Health, Inc. (CAH) , with a current market cap of $26.96B, opened at $81.78. Today’s price range has been between $81.77 and $82.44 per share and has traded between $74.73 and $91.91 over the past 12 months. CAH shares are currently priced at 15.43x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.87x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $1.55 per share annually in dividends, yielding 1.92%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $1.33 per share, which would be $0.14 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.28 is a $0.90 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $30.54 Billion. If realized, that would be a 20.33% increase over the year-ago quarter. Recently, Credit Suisse Initiated CAH at Outperform (Mar 16, 2016). Previously, Raymond James downgraded CAH from Outperform to Mkt Perform. When considering if the stock is under or overvalued, the average price target is $94.57, which is 15.64% above where the stock opened this morning. See more in (NYSE:CAH) Similar Articles: Stock Update: Cardinal Health Inc (NYSE:CAH) – Cardinal Health Board of Directors Approves Quarterly Dividend Company Update: Cardinal Health Inc (NYSE:CAH) – Cardinal Health Ranked Among Most LGBT-Inclusive Places to Work in 2016 Company Update (NYSE:MCK): McKesson Reports Fiscal 2016 Second-Quarter Results