Equities Analysts Issue Forecasts for Cintas Corporation’s Q2 2018 Earnings (CTAS)

Cintas Corporation (NASDAQ:CTAS) – Stock analysts at William Blair raised their Q2 2018 earnings estimates for shares of Cintas Corporation in a research note issued to investors on Wednesday. William Blair analyst T. Mulrooney now expects that the business services provider will earn $1.35 per share for the quarter, up from their prior forecast of $1.31. William Blair currently has a “Ourperform” rating on the stock. William Blair also issued estimates for Cintas Corporation’s Q3 2018 earnings at $1.22 EPS, Q4 2018 earnings at $1.35 EPS and FY2019 earnings at $5.94 EPS.

Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.18. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 27.2% on a year-over-year basis.

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CTAS has been the subject of a number of other research reports. Deutsche Bank AG reiterated a “hold” rating and issued a $140.00 target price (up previously from $130.00) on shares of Cintas Corporation in a research note on Wednesday. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, August 24th. Robert W. Baird set a $152.00 target price on Cintas Corporation and gave the company a “buy” rating in a research note on Thursday, August 24th. Instinet lowered Cintas Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $142.00 to $130.00 in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus increased their target price on Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $140.70.

Cintas Corporation (NASDAQ CTAS) opened at 144.28 on Thursday. The stock’s 50 day moving average price is $133.77 and its 200-day moving average price is $127.29. The firm has a market capitalization of $15.32 billion, a P/E ratio of 28.28 and a beta of 0.85. Cintas Corporation has a 12 month low of $102.07 and a 12 month high of $144.66.

In other Cintas Corporation news, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the sale, the director now owns 13,135 shares in the company, valued at approximately $1,756,018.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO J. Michael Hansen sold 800 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $130.75, for a total value of $104,600.00. Following the sale, the chief financial officer now owns 54,370 shares of the company’s stock, valued at approximately $7,108,877.50. The disclosure for this sale can be found here. 18.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank grew its stake in Cintas Corporation by 26.2% during the 2nd quarter. Toronto Dominion Bank now owns 29,293 shares of the business services provider’s stock valued at $3,692,000 after purchasing an additional 6,073 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Cintas Corporation during the 2nd quarter valued at approximately $2,027,000. Mountain Capital Investment Advisors Inc acquired a new stake in Cintas Corporation during the 2nd quarter valued at approximately $120,000. Covington Capital Management acquired a new stake in Cintas Corporation during the 2nd quarter valued at approximately $209,000. Finally, Colony Group LLC grew its stake in Cintas Corporation by 85.6% during the 2nd quarter. Colony Group LLC now owns 3,665 shares of the business services provider’s stock valued at $462,000 after purchasing an additional 1,690 shares in the last quarter. Hedge funds and other institutional investors own 64.76% of the company’s stock.

Cintas Corporation 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.

Earnings History and Estimates for Cintas Corporation (NASDAQ:CTAS)




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