FY2017 EPS Estimates for Cintas Corp. Raised by Analyst (CTAS)
Cintas Corp. (NASDAQ:CTAS) – Equities research analysts at Oppenheimer Holdings lifted their FY2017 earnings per share (EPS) estimates for shares of Cintas Corp. in a research report issued on Wednesday. Oppenheimer Holdings analyst S. Schneeberger now expects that the firm will earn $4.55 per share for the year, up from their prior estimate of $4.35. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Cintas Corp.’s FY2018 earnings at $4.95 EPS.
Cintas Corp. (NASDAQ:CTAS) last released its earnings results on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.08 by $0.18. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.60%. The firm had revenue of $1.29 billion for the quarter. During the same period in the prior year, the business earned $0.93 earnings per share. Cintas Corp.’s quarterly revenue was up 7.6% compared to the same quarter last year.
Several other equities analysts have also weighed in on the stock. Morgan Stanley set a $87.00 price target on shares of Cintas Corp. and gave the company a “sell” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Cintas Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday. Macquarie began coverage on shares of Cintas Corp. in a research report on Thursday, August 25th. They set a “neutral” rating and a $130.00 price target for the company. Nomura restated a “buy” rating and set a $135.00 price target (up previously from $124.00) on shares of Cintas Corp. in a research report on Thursday, August 25th. Finally, KeyCorp upped their price objective on shares of Cintas Corp. from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Cintas Corp. has an average rating of “Hold” and a consensus target price of $116.10.
Cintas Corp. (NASDAQ:CTAS) traded up 0.64% during trading on Thursday, reaching $112.07. 332,101 shares of the company’s stock traded hands. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 16.85 and a beta of 0.85. The company’s 50 day moving average is $114.37 and its 200-day moving average is $99.68. Cintas Corp. has a 52-week low of $80.00 and a 52-week high of $119.94.
In other news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the sale, the director now directly owns 11,590 shares of the company’s stock, valued at $1,253,110.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. 19.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock valued at $106,000 after buying an additional 9 shares during the period. First Personal Financial Services boosted its position in Cintas Corp. by 38.1% in the second quarter. First Personal Financial Services now owns 1,105 shares of the company’s stock valued at $108,000 after buying an additional 305 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in Cintas Corp. by 50.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,128 shares of the company’s stock valued at $111,000 after buying an additional 377 shares during the period. Checchi Capital Advisers LLC boosted its position in Cintas Corp. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,376 shares of the company’s stock valued at $135,000 after buying an additional 11 shares during the period. Finally, Glenmede Trust Co. NA boosted its position in Cintas Corp. by 52.2% in the second quarter. Glenmede Trust Co. NA now owns 1,542 shares of the company’s stock valued at $150,000 after buying an additional 529 shares during the period. Institutional investors own 65.78% of the company’s stock.
About Cintas Corp.
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
Receive News & Stock Ratings for Cintas Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Corp. and related stocks with our FREE daily email newsletter.