Cintas Corp. (NASDAQ:CTAS) – Stock analysts at William Blair reduced their Q2 2017 earnings per share (EPS) estimates for Cintas Corp. in a report issued on Wednesday. William Blair analyst N. Brochmann now expects that the brokerage will earn $1.14 per share for the quarter, down from their previous forecast of $1.15. William Blair also issued estimates for Cintas Corp.’s Q3 2017 earnings at $1.07 EPS, Q4 2017 earnings at $1.10 EPS, FY2017 earnings at $4.59 EPS and FY2018 earnings at $4.99 EPS.
Cintas Corp. (NASDAQ:CTAS) last issued its earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.18. The company had revenue of $1.29 billion for the quarter. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.86%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share.
CTAS has been the subject of several other reports. Morgan Stanley restated an “underweight” rating and issued a $80.00 target price (up from $75.00) on shares of Cintas Corp. in a report on Wednesday, August 17th. KeyCorp upped their target price on Cintas Corp. from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, August 17th. Zacks Investment Research cut Cintas Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. 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. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $106.00 target price (up from $95.00) on shares of Cintas Corp. in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Cintas Corp. 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 midday trading on Thursday, hitting $111.95. 1,099,229 shares of the stock were exchanged. The firm’s 50 day moving average is $114.25 and its 200-day moving average is $99.60. Cintas Corp. has a 1-year low of $80.00 and a 1-year high of $119.94. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 17.93 and a beta of 0.85.
In related news, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was 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 approximately $1,253,110.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 19.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CTAS. Quadrant Capital Group LLC boosted 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 boosted 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. Suntrust Banks Inc. boosted its position in shares of Cintas Corp. by 1.1% in the second quarter. Suntrust Banks Inc. now owns 2,484 shares of the company’s stock worth $242,000 after buying an additional 26 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Cintas Corp. by 1.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 5,296 shares of the company’s stock worth $520,000 after buying an additional 50 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Cintas Corp. by 3.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,680 shares of the company’s stock worth $263,000 after buying an additional 90 shares during the period. Institutional investors 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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