Analysts Set Expectations for Cintas Corp.’s Q2 2017 Earnings (CTAS)
Cintas Corp. (NASDAQ:CTAS) – Investment analysts at Northcoast Research dropped their Q2 2017 EPS estimates for shares of Cintas Corp. in a research note issued to investors on Wednesday. Northcoast Research analyst J. Healy now expects that the brokerage will earn $1.12 per share for the quarter, down from their previous estimate of $1.16. Northcoast Research also issued estimates for Cintas Corp.’s Q3 2017 earnings at $1.08 EPS, Q4 2017 earnings at $1.13 EPS, FY2017 earnings at $4.59 EPS and FY2018 earnings at $4.86 EPS.
CTAS has been the subject of several other reports. Zacks Investment Research lowered Cintas Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Morgan Stanley set a $87.00 target price on Cintas Corp. and gave the company a “sell” rating in a report on Wednesday. Macquarie began coverage on Cintas Corp. in a report on Thursday, August 25th. They set a “neutral” rating and a $130.00 target price for the company. Robert W. Baird raised Cintas Corp. from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $111.00 to $140.00 in a report on Wednesday, August 17th. Finally, Piper Jaffray Cos. reissued a “neutral” rating and issued a $106.00 price objective (up from $95.00) on shares of Cintas Corp. in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $116.10.
Cintas Corp. (NASDAQ:CTAS) traded up 1.11% during trading on Thursday, reaching $112.60. The company had a trading volume of 1,414,000 shares. The firm has a market capitalization of $11.81 billion, a P/E ratio of 16.93 and a beta of 0.85. Cintas Corp. has a 52-week low of $80.00 and a 52-week high of $119.94. The company has a 50-day moving average of $114.51 and a 200-day moving average of $99.85.
Cintas Corp. (NASDAQ:CTAS) last released its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.18. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The firm earned $1.29 billion during the quarter. During the same period in the previous year, the business earned $0.93 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis.
Several large investors have recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Cintas Corp. by 11.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,274 shares of the company’s stock worth $1,911,000 after buying an additional 2,246 shares during the period. Aperio Group LLC increased its stake in shares of Cintas Corp. by 12.6% in the first quarter. Aperio Group LLC now owns 28,185 shares of the company’s stock worth $2,531,000 after buying an additional 3,152 shares during the period. Virginia Retirement System bought a new stake in shares of Cintas Corp. during the first quarter worth approximately $6,061,000. IFP Advisors Inc increased its stake in shares of Cintas Corp. by 36.1% in the first quarter. IFP Advisors Inc now owns 2,588 shares of the company’s stock worth $232,000 after buying an additional 687 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in shares of Cintas Corp. during the first quarter worth approximately $1,060,000. Institutional investors own 65.78% of the company’s stock.
In other news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $108.12, for a total transaction of $216,240.00. Following the completion of the sale, the director now owns 11,590 shares in the company, valued at approximately $1,253,110.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.10% of the stock is owned by company insiders.
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.
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