Cardinal Health (NYSE:CAH – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.13, Briefing.com reports. The company had revenue of $54.90 billion during the quarter, compared to analyst estimates of $56.05 billion. Cardinal Health had a net margin of 0.30% and a negative return on equity of 57.44%. During the same period in the previous year, the business earned $1.74 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Cardinal Health updated its FY24 guidance to $7.30-7.40 EPS and its FY25 guidance to at least $7.50 EPS.
Cardinal Health Stock Performance
NYSE:CAH traded down $4.08 during trading hours on Friday, reaching $98.90. The stock had a trading volume of 3,445,729 shares, compared to its average volume of 2,288,769. The stock has a market capitalization of $24.06 billion, a PE ratio of 38.94, a PEG ratio of 1.03 and a beta of 0.71. Cardinal Health has a 52 week low of $77.56 and a 52 week high of $116.04. The company has a 50 day moving average price of $109.28 and a two-hundred day moving average price of $104.97.
Cardinal Health Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.5006 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Thursday, March 28th. Cardinal Health’s payout ratio is presently 78.74%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on CAH
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.
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