Cintas Corp. (NASDAQ:CTAS) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $4.55-$4.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.42. The company issued revenue guidance of $5.16-$5.225, compared to the consensus revenue estimate of $5.19 billion.
Shares of Cintas Corp. (NASDAQ:CTAS) traded up 0.21% during mid-day trading on Tuesday, hitting $113.43. The stock had a trading volume of 724,139 shares. The company has a market cap of $11.82 billion, a PE ratio of 18.17 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 stock has a 50 day moving average price of $113.79 and a 200-day moving average price of $99.30.
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 analysts’ consensus estimates of $1.08 by $0.18. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Cintas Corp. had a return on equity of 24.16% and a net margin of 14.14%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. On average, equities analysts expect that Cintas Corp. will post $4.42 earnings per share for the current fiscal year.
CTAS has been the topic of a number of research reports. Nomura restated a buy rating and issued a $135.00 price target (up previously from $124.00) on shares of Cintas Corp. in a report on Thursday, August 25th. Barclays PLC lowered their price target on 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 issued a $80.00 price target (up previously from $75.00) on shares of Cintas Corp. in a report on Wednesday, August 17th. Zacks Investment Research upgraded Cintas Corp. from a sell rating to a hold rating in a report on Tuesday. Finally, Macquarie initiated coverage on Cintas Corp. in a report on Thursday, August 25th. They issued a neutral rating and a $130.00 price target on the stock. One investment 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’s stock. The stock presently has a consensus rating of Hold and an average price target of $115.40.
In other Cintas Corp. 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 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 SEC, which is available through this link. Company insiders own 19.10% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in Cintas Corp. by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,765 shares of the company’s stock valued at $173,000 after buying an additional 127 shares during the period. Johnson Financial Group Inc. boosted its stake in Cintas Corp. by 3,739.1% in the second quarter. Johnson Financial Group Inc. now owns 1,766 shares of the company’s stock valued at $173,000 after buying an additional 1,720 shares during the period. Profund Advisors LLC acquired a new stake in Cintas Corp. during the second quarter valued at about $250,000. Advisor Group Inc. acquired a new stake in Cintas Corp. during the second quarter valued at about $256,000. Finally, Thrivent Financial for Lutherans boosted its stake in Cintas Corp. by 3.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,680 shares of the company’s stock valued at $263,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 65.78% of the company’s stock.
Cintas Corp. Company Profile
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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