Cardinal Health Analysts Raise Their Forecasts Following Upbeat Earnings

Benzinga
04 Feb
Cardinal Health0.04%Post-market

Cardinal Health (NYSE:CAH) reported better-than-expected second-quarter financial results on Thursday.

Cardinal Health posted adjusted earnings of $1.93 per share, beating market estimates of $1.76 per share. The company posted sales of $55.3 billion, topping expectations of $54.915 billion.

“We delivered strong second quarter financial results while taking significant strategic and operational actions to position us for future growth,” said Jason Hollar, CEO of Cardinal Health. “Led by robust demand across our Pharmaceutical and Specialty Solutions segment, we are again pleased to raise our fiscal 2025 enterprise guidance.”

Cardinal Health raised its FY25 non-GAAP earnings guidance from $7.75-$7.90 per share to $7.85-$8.00 per share.

Cardinal Health shares gained 1.3% to trade at $126.92 on Tuesday.

These analysts made changes to their price targets on Cardinal Health following earnings announcement.

  • Wells Fargo analyst Stephen Baxter maintained Cardinal Health with an Equal-Weight and raised the price target from $135 to $136.
  • JP Morgan analyst Lisa Gill maintained Cardinal Health with a Neutral and raised the price target from $142 to $145.

Considering buying CAH stock? Here’s what analysts think:

Read This Next:

  • McDonald’s To $290? Here Are 10 Top Analyst Forecasts For Tuesday

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

no data

No relevant data is available

If the download button clicks without skipping, click on the top right menu and select "Open in Browser."