Cintas Corp. Forecasted to Earn FY2017 Earnings of $4.64 Per Share (CTAS)
Cintas Corp. (NASDAQ:CTAS) – Research analysts at KeyCorp lifted their FY2017 earnings per share (EPS) estimates for Cintas Corp. in a report released on Sunday. KeyCorp analyst J. Box now forecasts that the firm will earn $4.64 per share for the year, up from their previous estimate of $4.45. KeyCorp has a “Overweight” rating and a $135.00 price target on the stock. KeyCorp also issued estimates for Cintas Corp.’s Q1 2018 earnings at $1.20 EPS, Q2 2018 earnings at $1.21 EPS, Q3 2018 earnings at $1.16 EPS, Q4 2018 earnings at $1.24 EPS and FY2018 earnings at $4.80 EPS.
Several other research firms also recently weighed in on CTAS. Morgan Stanley reissued an “underweight” rating and set a $80.00 target price (up previously from $75.00) on shares of Cintas Corp. in a research report on Wednesday, August 17th. Zacks Investment Research downgraded shares of Cintas Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Nomura reaffirmed a “buy” rating and issued a $135.00 price objective (up from $124.00) on shares of Cintas Corp. in a report on Thursday, August 25th. Piper Jaffray Cos. reaffirmed 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. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Cintas Corp. in a report on Friday, September 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $117.10.
Shares of Cintas Corp. (NASDAQ:CTAS) opened at 111.84 on Tuesday. The stock’s 50 day moving average is $114.77 and its 200 day moving average is $100.31. Cintas Corp. has a 12 month low of $80.00 and a 12 month high of $119.94. The company has a market capitalization of $11.73 billion, a P/E ratio of 16.81 and a beta of 0.76.
Cintas Corp. (NASDAQ:CTAS) last released its quarterly earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.29 billion for the quarter. During the same quarter in the previous year, the business posted $0.93 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of CTAS. 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 worth $106,000 after buying an additional 9 shares in the last quarter. 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 worth $108,000 after buying an additional 305 shares in the last quarter. 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 worth $111,000 after buying an additional 377 shares in the last quarter. 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 worth $135,000 after buying an additional 11 shares in the last quarter. 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 worth $150,000 after buying an additional 529 shares in the last quarter. Institutional investors own 65.78% of the company’s stock.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $108.12, for a total transaction of $216,240.00. Following the completion of the transaction, the director now directly owns 11,590 shares in the company, valued at $1,253,110.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 19.10% 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.
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