Q2 2018 EPS Estimates for Cintas Corporation (CTAS) Raised by Analyst

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) traded up $0.56 during midday trading on Thursday, hitting $159.65. 936,300 shares of the company traded hands, compared to its average volume of 548,810. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.84. The company has a market cap of $16,460.00, a price-to-earnings ratio of 32.33, a PEG ratio of 2.47 and a beta of 0.88. Cintas has a 1 year low of $112.96 and a 1 year high of $161.00.

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.

Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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