Cardinal Health, Inc. (NYSE:CAH) is set to announce first quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CAH to report 1Q21 income of $ 1.13 per share.
For the full year, analysts anticipate top line of $ 159732.00 million, while looking forward to income of $ 5.50 per share bottom line.
The Company Outlook
Full Year 2021 bottomline are predicted in a range of $ 5.25 ~ $ 5.65 per share
Click Here For More Historical Outlooks Of Cardinal Health, Inc.
Previous Quarter Performance
Cardinal Health, Inc. outlined income for the fourth quarter of $ 1.04 per share, from the revenue of $ 36,689.00 million. The quarterly earnings down 6.31 percent while revenues declined 1.78 percent compared with the same quarter last year.
According to street consensus, CAH was expected to report 4Q20 income of $ 0.92 per share from revenue of $ 36673.50 million. The bottom line results beat street analysts by $ 0.12 or 13.04 percent, at the same time, top line results outshined analysts by $ 15.50 million or 0.04 percent.
Stock Performance
Shares of Cardinal Health, Inc. traded up $ 0.65 or 1.33 percent on Wednesday, reaching $ 49.44 with volume of 2.84 million shares. Cardinal Health, Inc. has traded high as $ 50.84 and has cracked $ 49.30 on the downward trend
The closing price of $ 49.44, representing a 24.94 % increase from the 52 week low of $ 39.05 and a 19.61 % decrease over the 52 week high of $ 60.69.
The company has a market capital of $ 14.51 billion and is part of the Healthcare sector and Medical Distribution industry.
Recent Analyst recommendations
- On 25th September 2020, upgraded by Deutsche Bank to Buy from Hold rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.4859 per share on August 6, 2020. The dividend were payable on October 15, 2020 to holders of record as of the close of business on October 1, 2020 and ex-dividend date on September 30, 2020.
Conference Call
Cardinal Health, Inc. will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cardinalhealth.com
Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices.
