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Sunday, April 2, 2023

Cardinal Health Inc. (CAH) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Cardinal Health Inc. (CAH) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $70.51. The Cardinal Health Inc. has recorded 57,962 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Swisslog’s robotic fulfillment system and software to support new Cardinal Health at-Home Solutions distribution center.

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Stocks Info

Cardinal Health Inc. is listed on the NYSE in the Healthcare sector while operating in the Medical Distribution industry. At the end of the last regular session, the stock closed at $70.51 and fluctuated between $70.63 as its day high and $69.17 as its day low. The current market capitalization of Cardinal Health Inc. is $18.19B. A total of 1.6 million shares were traded on the day, compared to an average of 2.64M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CAH has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 12,726 and the disposition of 0 shares. Over the last 12 months, there were 38 BUYs and 19 SELLs from insiders. Insiders purchased 589,197 shares during that period but sold 381,328.

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, Mason Stephen M sold 61,216 shares at $80.87 per share on Nov 07. Company shares held by the CEO, Medical Segment now total 49,000.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. CAH’s most recent ex-dividend date was 3/31/2023 when it declared a $0.4957 quarterly dividend that was paid in cash on 4/15/2023. Previously, the company paid the dividend on 1/15/2023 with an ex-dividend date of 12/30/2022. The CAH stock dividend was $0.4957 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CAH in the last 3 months, the mean price target is $86.21 with high estimates of $94.00 and low estimates of $76.00. In terms of 52-week highs and lows, CAH has a high of $81.57 and a low of $49.70.

As of this writing, CAH has an earnings estimate of $1.48 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.56 per share and a lower estimate of $1.43. The company reported an EPS of $1.2 in the last quarter, which was 27.70% higher than expectations of $0.94.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 17 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 3.64. A total of 4 analysts rated the stock as Buy while 1 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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