FY2018 EPS Estimates for Cintas Co. Increased by Analyst (CTAS)

Cintas Co. (NASDAQ:CTAS) – Investment analysts at Northcoast Research increased their FY2018 earnings per share (EPS) estimates for shares of Cintas in a report issued on Friday. Northcoast Research analyst J. Healy now expects that the business services provider will post earnings per share of $5.45 for the year, up from their previous forecast of $5.40.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.59 billion. Cintas had a return on equity of 21.25% and a net margin of 8.57%. Cintas’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share.

A number of other analysts have also weighed in on the company. Oppenheimer restated a “hold” rating on shares of Cintas in a report on Friday. Robert W. Baird restated an “outperform” rating and set a $185.00 target price (up previously from $165.00) on shares of Cintas in a report on Friday. JPMorgan Chase & Co. restated a “buy” rating and set a $183.00 target price on shares of Cintas in a report on Friday. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a report on Tuesday, December 19th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $174.00 price target (up from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $153.64.

Cintas (NASDAQ:CTAS) traded down $2.80 during trading on Monday, reaching $156.85. The company’s stock had a trading volume of 2,266,800 shares, compared to its average volume of 555,768. 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 stock has a market capitalization of $16,670.00, a price-to-earnings ratio of 35.09, a P/E/G ratio of 2.48 and a beta of 0.88. Cintas has a one year low of $112.96 and a one year high of $163.45.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTAS. Schwab Charles Investment Management Inc. increased its position in shares of Cintas by 2.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 286,019 shares of the business services provider’s stock valued at $36,050,000 after acquiring an additional 7,920 shares during the period. BB&T Securities LLC increased its position in shares of Cintas by 8.7% in the 2nd quarter. BB&T Securities LLC now owns 3,017 shares of the business services provider’s stock valued at $380,000 after acquiring an additional 242 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Cintas by 1.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 136,856 shares of the business services provider’s stock valued at $17,249,000 after acquiring an additional 2,395 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in 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 valued at $34,092,000 after purchasing an additional 9,351 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Cintas by 20.6% in the second quarter. Victory Capital Management Inc. now owns 17,045 shares of the business services provider’s stock valued at $2,148,000 after purchasing an additional 2,910 shares during the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently declared an annual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Thursday, November 9th. This is an increase from Cintas’s previous annual dividend of $1.33. This represents a dividend yield of 1.07%. Cintas’s dividend payout ratio is presently 36.24%.

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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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