After Hours
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. Most recently, Yahoo Finance reported about the stock as it publicized that Cardinal Health annual research report examines milestone year in biosimilars.
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Stocks Info
The company is listed on the NYSE and operates within the Medical Distribution industry segment. At the end of the last regular session, the stock closed at $113.67 and fluctuated between $113.75 as its day high and $110.65 as its day low. The current market capitalization of Cardinal Health, Inc. is $27.65B. A total of 1.92 million shares were traded on the day, compared to an average of 2.37M shares.
In the most recent transaction, WEITZMAN DEBORAH sold 36,642 shares of CAH for 106.31 per share on Nov 27 ’23. After the transaction, the CEO, Pharmaceutical Segment now owns 35,202 company shares. In a previous transaction on Aug 28 ’23, WEITZMAN DEBORAH sold 6,712 shares at 89.81 per share. CAH shares that CEO, Pharmaceutical Segment owns now total 44,202.
Among the insiders who sold shares, Scherer Mary C. disposed of 20,695 shares on Aug 18 ’23 at a per-share price of $86.27. This resulted in the Chief Accounting Officer holding 10,649 shares of CAH after the transaction. In another insider transaction, Mason Stephen M sold 37,500 shares at $87.32 per share on Aug 17 ’23. Company shares held by the CEO, Medical Segment now total 37,355.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Cardinal Health, Inc. pays an annual dividend of $2.00, resulting in a dividend yield of 1.76%, and it has a price to earnings (P/E) ratio of 44.75. CAH’s most recent ex-dividend date was 3/28/2024 when it declared a $0.5006 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 1/15/2024 with an ex-dividend date of 12/29/2023. The CAH stock dividend was $0.5006 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CAH has a high of $115.32 and a low of $68.53.
As of this writing, CAH has an earnings estimate of $1.96 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $2.02 per share and a lower estimate of $1.9. The company reported an EPS of $1.73 in the last quarter, which was 23.60% higher than expectations of $1.4.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CAH’s latest balance sheet shows that the firm has $4.72B in Cash & Short Term Investments as of fiscal 2022. There were $5.32B in debt and $30.55B in liabilities at the time. Its Book Value Per Share was -$14.14, while its Total Shareholder’s Equity was -$706.00M.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 3.60.
