Cintas Corp. (NASDAQ:CTAS) – Equities researchers at Northcoast Research decreased their Q2 2017 earnings per share estimates for shares of Cintas Corp. in a report released on Wednesday. Northcoast Research analyst J. Healy now expects that the firm will earn $1.12 per share for the quarter, down from their previous forecast 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.
Several other research analysts have also recently weighed in on CTAS. Nomura restated a “buy” rating on shares of Cintas Corp. in a research report on Sunday, July 17th. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $106.00 target price (up previously from $95.00) on shares of Cintas Corp. in a report on Wednesday, July 20th. Robert W. Baird raised shares of Cintas Corp. from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $111.00 to $140.00 in a report on Wednesday, August 17th. Zacks Investment Research lowered shares of Cintas Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Finally, KeyCorp lifted their target price on shares of Cintas Corp. from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $116.10.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 3.63% during mid-day trading on Thursday, hitting $111.95. The company had a trading volume of 1,099,229 shares. The firm’s 50-day moving average price is $114.25 and its 200 day moving average price is $99.60. The company has a market capitalization of $11.67 billion, a P/E ratio of 17.93 and a beta of 0.85. Cintas Corp. has a one year low of $80.00 and a one year high of $119.94.
Cintas Corp. (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a return on equity of 24.86% and a net margin of 14.63%. The business earned $1.29 billion during the quarter. During the same quarter in the prior year, the business posted $0.93 earnings per share. Cintas Corp.’s revenue was up 7.6% on a year-over-year basis.
In related 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 value of $216,240.00. Following the completion of the transaction, the director now directly owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 19.10% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the company. First Republic Investment Management Inc. raised its position in shares of Cintas Corp. by 158.5% in the first quarter. First Republic Investment Management Inc. now owns 326,334 shares of the company’s stock worth $29,307,000 after buying an additional 200,096 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cintas Corp. by 2.1% in the first quarter. Geode Capital Management LLC now owns 806,175 shares of the company’s stock worth $72,271,000 after buying an additional 16,574 shares during the last quarter. Callahan Advisors LLC raised its position in shares of Cintas Corp. by 18.3% in the second quarter. Callahan Advisors LLC now owns 19,010 shares of the company’s stock worth $1,865,000 after buying an additional 2,945 shares during the last quarter. Virginia Retirement System bought a new position in shares of Cintas Corp. during the first quarter worth $6,061,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Cintas Corp. by 6.7% in the second quarter. Nisa Investment Advisors LLC now owns 53,196 shares of the company’s stock worth $5,220,000 after buying an additional 3,340 shares during the last quarter. 65.78% of the stock is owned by hedge funds and other institutional investors.
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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