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.
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