Cintas Corporation (NASDAQ:CTAS) – Equities research analysts at KeyCorp increased their Q2 2018 EPS estimates for Cintas in a research note issued to investors on Monday. KeyCorp analyst J. Box now anticipates that the business services provider will post earnings per share of $1.28 for the quarter, up from their previous estimate of $1.26. KeyCorp has a “Overweight” rating and a $174.00 price target on the stock.
CTAS has been the subject of several other research reports. Deutsche Bank reiterated a “hold” rating and set a $140.00 price objective (up previously from $130.00) on shares of Cintas in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Thursday, August 24th. Robert W. Baird set a $152.00 price target on shares of Cintas and gave the company a “buy” rating in a research note on Thursday, August 24th. J P Morgan Chase & Co upped their price target on shares of Cintas to $183.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Oppenheimer restated a “hold” rating on shares of Cintas in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Cintas currently has an average rating of “Hold” and a consensus price target of $153.64.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.27 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.59 billion. Cintas had a net margin of 9.79% and a return on equity of 23.71%. Cintas’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 EPS.
The business also recently declared an annual dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were paid a dividend of $1.62 per share. This is a positive change from Cintas’s previous annual dividend of $1.33. The ex-dividend date was Thursday, November 9th. This represents a yield of 1.07%. Cintas’s dividend payout ratio is presently 37.16%.
Large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in shares of Cintas in the third quarter worth $11,296,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Cintas by 35.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 266,155 shares of the business services provider’s stock worth $33,546,000 after acquiring an additional 69,483 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Cintas by 3.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 270,485 shares of the business services provider’s stock worth $34,092,000 after acquiring an additional 9,351 shares during the period. black and white Capital LP acquired a new stake in shares of Cintas in the second quarter worth $16,385,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Cintas in the third quarter worth $61,754,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.
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Cintas 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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