Cardinal Health Prepares For Q4 Print; Here are the recent forecast changes from the most accurate analysts on Wall Street – Cardinal Health (NYSE:CAH)

Cardinal Health, Inc. CAH is set to release fourth quarter earnings results before the opening bell on August 14, 2024.

Analysts expect the Dublin, Ohio-based company to report quarterly earnings of $1.73 per share, up from $1.55 per share in the year-ago period. Cardinal Health is expected to report quarterly revenue of $58.64 billion for the quarter, compared with $53.45 billion a year earlier, according to data from Benzinga Pro.

On May 7, Cardinal Health approved an increase in its quarterly dividend from $0.5006 to $0.5056 per share.

Shares of Cardinal Health gained 1.9% to close at $102.58 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock symbol, company name, analyst firm, rating change or other variables.

Let’s take a look at how Benzinga’s most accurate analysts have rated the company in the recent period.

• Baird analyst Eric Coldwell maintained an Outperform rating and raised his price target from $129 to $130 on July 9. This analyst has an accuracy rate of 66%.
• Argus Research analyst David Toung maintained a Buy rating and lowered his price target from $120 to $115 on May 15. This analyst has an accuracy rate of 69%.
• Wells Fargo analyst Stephen Baxter maintained an Underweight rating and cut his price target from $96 to $94 on April 29. This analyst has an accuracy rate of 63%.
• UBS analyst Kevin Caliendo maintained a Buy rating and raised his price target from $122 to $125 on February 5. This analyst has an accuracy rate of 69%.
• Mizuho analyst Ann Hynes maintained a Neutral rating and increased the price target from $95 to $104 on November 6, 2023. This analyst has an accuracy rate of 76%.

Thinking of buying CAH shares? Here’s what analysts think:

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