On August 11, Cardinal Health rose 5.78% in regular trading, trading at $248.875/share, with turnover of approximately $120 million. The rally was driven by a strong fiscal Q4 earnings beat combined with a substantial new share repurchase authorization.
Cardinal Health reported fiscal Q4 non-GAAP earnings of $2.91 per diluted share, significantly exceeding the FactSet consensus estimate of $2.42 and up from $2.08 a year earlier. Revenue for the quarter ended June 30 was $63.67 billion, up from $60.16 billion year-over-year, though slightly below the $65.15 billion analyst estimate. More critically, the company issued fiscal 2027 adjusted EPS guidance of $12.40 to $12.60, well above the Street consensus of $12.08. Simultaneously, the board approved an incremental $5 billion stock repurchase authorization, substantially enhancing the company's capital return capacity. The company also maintained its quarterly dividend at $0.5158 per share. The combination of a 20% earnings beat, above-consensus forward guidance, and a sizable buyback commitment collectively fueled investor enthusiasm.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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