Cintas Corp. (NASDAQ:CTAS) – KeyCorp upped their Q2 2017 earnings per share (EPS) estimates for Cintas Corp. in a note issued to investors on Sunday. KeyCorp analyst J. Box now expects that the brokerage will post earnings of $1.15 per share for the quarter, up from their prior forecast of $1.14. KeyCorp has a “Overweight” rating and a $135.00 price objective 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 posted its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The company earned $1.29 billion during the quarter. During the same quarter last year, the firm posted $0.93 earnings per share. Cintas Corp.’s quarterly revenue was up 7.6% on a year-over-year basis.
A number of other brokerages have also recently weighed in on CTAS. Nomura reissued a “buy” rating and set a $135.00 price objective (up from $124.00) on shares of Cintas Corp. in a research note on Thursday, August 25th. Zacks Investment Research raised shares of Cintas Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Barclays PLC dropped their price objective on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th. Morgan Stanley reissued an “underweight” rating and set a $80.00 price objective (up from $75.00) on shares of Cintas Corp. in a research note on Wednesday, August 17th. Finally, Macquarie initiated coverage on shares of Cintas Corp. in a research note on Thursday, August 25th. They set a “neutral” rating and a $130.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued 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 111.76 on Wednesday. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 16.80 and a beta of 0.76. Cintas Corp. has a 1-year low of $80.00 and a 1-year high of $119.94. The firm’s 50-day moving average price is $114.60 and its 200 day moving average price is $100.47.
Institutional investors have recently made changes to their positions in the stock. First Personal Financial Services raised its position in shares of 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 during the period. Mizuho Asset Management Co. Ltd. raised its position in shares of 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 during the period. Quadrant Capital Group LLC raised its position in shares of 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 during the period. Checchi Capital Advisers LLC raised its position in shares of 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 during the period. Finally, Glenmede Trust Co. NA raised its position in shares of 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 during the period. Institutional investors own 65.78% of the company’s stock.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of Cintas Corp. 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 transaction, the director now owns 11,590 shares in the company, valued at approximately $1,253,110.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 19.10% 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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