Q2 2017 Earnings Estimate for Cintas Corp. Issued By KeyCorp (CTAS)
Cintas Corp. (NASDAQ:CTAS) – Investment analysts at KeyCorp lifted their Q2 2017 earnings per share estimates for Cintas Corp. in a research report issued on Sunday. KeyCorp analyst J. Box now expects that the firm will post earnings per share of $1.15 for the quarter, up from their prior estimate of $1.14. KeyCorp currently has a “Overweight” rating and a $135.00 target price on the stock. KeyCorp also issued estimates for Cintas Corp.’s Q3 2017 earnings at $1.07 EPS and Q4 2017 earnings at $1.13 EPS.
Cintas Corp. (NASDAQ:CTAS) last issued its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. The firm earned $1.29 billion during the quarter. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share.
A number of other analysts also recently weighed in on the stock. Nomura restated a “buy” rating and issued a $135.00 target price (up from $124.00) on shares of Cintas Corp. in a report on Thursday, August 25th. Zacks Investment Research upgraded shares of Cintas Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Barclays PLC cut their price target on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 20th. Morgan Stanley restated an “underweight” rating and set a $80.00 price objective (up from $75.00) on shares of Cintas Corp. in a research report on Wednesday, August 17th. Finally, 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 objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $117.10.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 0.61% during trading on Wednesday, hitting $110.80. The stock had a trading volume of 308,637 shares. Cintas Corp. has a 52-week low of $80.00 and a 52-week high of $119.94. The stock has a 50 day moving average of $114.77 and a 200 day moving average of $100.31. The firm has a market cap of $11.62 billion, a PE ratio of 16.66 and a beta of 0.76.
In related news, Director Gerald S. Adolph sold 2,000 shares of Cintas Corp. stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the transaction, the director now owns 11,590 shares in the company, valued at $1,253,110.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.10% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC increased its position 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 in the last quarter. IFP Advisors Inc increased its position 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 in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Cintas Corp. by 0.7% in the first quarter. TIAA CREF Investment Management LLC now owns 457,069 shares of the company’s stock worth $41,049,000 after buying an additional 2,960 shares in the last quarter. Teachers Advisors Inc. increased its position in shares of Cintas Corp. by 1.6% in the first quarter. Teachers Advisors Inc. now owns 87,918 shares of the company’s stock worth $7,896,000 after buying an additional 1,411 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Cintas Corp. by 5.2% in the first quarter. Prudential Financial Inc. now owns 123,605 shares of the company’s stock worth $11,101,000 after buying an additional 6,110 shares in the last quarter. Hedge funds and other 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.
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