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Tuesday, January 31, 2023

This Is Too Hot For Cardinal Health Inc. (NYSE: CAH), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Cardinal Health Inc. (CAH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.03%, to $76.50. The Cardinal Health Inc. has recorded 112,221 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Cardinal Health to Announce Second-Quarter Results for Fiscal Year 2023 on February 2.

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Stocks Info

As a NYSE listed company, CAH falls under the Healthcare sector while operating within the Medical Distribution industry segment. At the end of the last regular session, the stock closed at $76.52 and fluctuated between $78.35 as its day high and $76.50 as its day low. The current market capitalization of Cardinal Health Inc. is $19.54B. A total of 2.23 million shares were traded on the day, compared to an average of 3.07M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CAH has seen 17 BUY and 6 SELL insider trades, representing the acquisition of 46,669 and the disposition of 87,597 shares. Over the last 12 months, there were 37 BUYs and 21 SELLs from insiders. Insiders purchased 576,471 shares during that period but sold 384,620.

In the most recent transaction, Brennan Michelle bought 200 shares of CAH for 74.72 per share on Nov 15. After the transaction, the Director now owns 3,324 company shares. In a previous transaction on Nov 14, Brennan Michelle bought 200 shares at 76.30 per share. CAH shares that Director owns now total 3,124.

Among the insiders who bought shares, Brennan Michelle acquired of 150 shares on Nov 10 at a per-share price of $79.74. This resulted in the Director holding 2,924 shares of CAH after the transaction. In another insider transaction, Snow Ola M sold 19,590 shares at $78.87 per share on Nov 07. Company shares held by the Chief Human Resources Officer now total 31,187.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CAH’s most recent ex-dividend date was 12/30/2022 when it declared a $0.4957 quarterly dividend that was paid in cash on 1/15/2023. Previously, the company paid the dividend on 10/15/2022 with an ex-dividend date of 9/30/2022. The CAH stock dividend was $0.4957 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CAH in the last 3 months, the mean price target is $84.50 with high estimates of $100.00 and low estimates of $74.00. In terms of 52-week highs and lows, CAH has a high of $81.57 and a low of $49.09.

As of this writing, CAH has an earnings estimate of $0.96 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.04 per share and a lower estimate of $0.89. The company reported an EPS of $1.45 in the last quarter, which was -4.60% lower than expectations of $1.52.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CAH is Underweight with a score of 3.45. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 11 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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