Cintas Corp. (NASDAQ:CTAS) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.55-$4.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.42. The company issued revenue guidance of $5.16-$5.225, compared to the consensus revenue estimate of $5.19 billion.
Shares of Cintas Corp. (NASDAQ:CTAS) opened at 116.17 on Thursday. The company has a 50-day moving average of $114.25 and a 200 day moving average of $99.60. Cintas Corp. has a 12-month low of $80.00 and a 12-month high of $119.94. The firm has a market cap of $12.11 billion, a P/E ratio of 18.61 and a beta of 0.85.
Cintas Corp. (NASDAQ:CTAS) last announced its earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a return on equity of 24.16% and a net margin of 14.14%. The company earned $1.29 billion during the quarter. During the same quarter last year, the business posted $0.93 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Cintas Corp. will post $4.44 EPS for the current year.
CTAS has been the subject of a number of research reports. Nomura restated a buy rating and issued a $124.00 target price (up from $107.00) on shares of Cintas Corp. in a research note on Wednesday, August 17th. Barclays PLC lowered their target price on 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. Zacks Investment Research cut Cintas Corp. from a buy rating to a hold rating in a report on Thursday, August 4th. Oppenheimer Holdings Inc. reiterated a market perform rating on shares of Cintas Corp. in a report on Wednesday. Finally, Piper Jaffray Cos. reiterated a neutral rating and issued a $106.00 price target (up previously from $95.00) on shares of Cintas Corp. in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Cintas Corp. currently has an average rating of Hold and a consensus price target of $116.10.
In other 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 sale, the director now owns 11,590 shares of the company’s stock, valued at $1,253,110.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 19.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CTAS. O Shaughnessy Asset Management LLC raised its stake in 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 in the last quarter. Thrivent Financial for Lutherans raised its stake in 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 in the last quarter. Pacer Advisors Inc. raised its stake in Cintas Corp. by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,765 shares of the company’s stock worth $173,000 after buying an additional 127 shares in the last quarter. RiverPoint Capital Management LLC raised its stake in Cintas Corp. by 1.7% in the second quarter. RiverPoint Capital Management LLC now owns 12,320 shares of the company’s stock worth $1,209,000 after buying an additional 211 shares in the last quarter. Finally, WFG Advisors LP raised its stake in Cintas Corp. by 11.0% in the second quarter. WFG Advisors LP now owns 3,312 shares of the company’s stock worth $325,000 after buying an additional 329 shares in the last quarter. 65.78% of the stock is currently owned by institutional investors.
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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