Cintas Corp. (NASDAQ:CTAS) – Equities research analysts at KeyCorp boosted their Q2 2017 earnings estimates for Cintas Corp. in a note issued to investors on Sunday. KeyCorp analyst J. Box now anticipates that the brokerage will post earnings of $1.15 per share for the quarter, up from their prior forecast of $1.14. KeyCorp has a “Overweight” rating and a $135.00 price target on the stock. KeyCorp also issued estimates for Cintas Corp.’s Q3 2017 earnings at $1.07 EPS and Q4 2017 earnings at $1.13 EPS.
Cintas Corp. (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. The company had revenue of $1.29 billion for the quarter. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. Cintas Corp.’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS.
A number of other equities analysts have also commented on CTAS. Zacks Investment Research upgraded Cintas Corp. from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Wednesday. Barclays PLC restated an “overweight” rating and set a $130.00 price objective on shares of Cintas Corp. in a research note on Friday, September 30th. Robert W. Baird restated an “outperform” rating and set a $140.00 price objective on shares of Cintas Corp. in a research note on Friday, September 30th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Cintas Corp. in a research note on Wednesday, September 28th. Finally, Morgan Stanley set a $87.00 price objective on Cintas Corp. and gave the stock a “sell” rating in a research note on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $117.10.
Cintas Corp. (NASDAQ:CTAS) traded down 0.61% during trading on Wednesday, reaching $110.80. The company’s stock had a trading volume of 308,637 shares. The stock has a market cap of $11.62 billion, a P/E ratio of 16.66 and a beta of 0.76. The company’s 50 day moving average price is $114.77 and its 200-day moving average price is $100.31. Cintas Corp. has a 1-year low of $80.00 and a 1-year high of $119.94.
A number of hedge funds have recently modified their holdings of CTAS. BlackRock Fund Advisors raised its stake in shares of Cintas Corp. by 67.3% in the second quarter. BlackRock Fund Advisors now owns 2,298,352 shares of the company’s stock worth $225,537,000 after buying an additional 924,422 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Cintas Corp. by 19.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,926,414 shares of the company’s stock worth $262,821,000 after buying an additional 480,916 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Cintas Corp. during the first quarter worth approximately $35,390,000. Bristol Gate Capital Partners Inc. bought a new stake in shares of Cintas Corp. during the second quarter worth approximately $27,736,000. Finally, AXA raised its stake in shares of Cintas Corp. by 214.6% in the first quarter. AXA now owns 402,920 shares of the company’s stock worth $36,186,000 after buying an additional 274,850 shares in the last quarter. 65.78% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Gerald S. Adolph sold 2,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the sale, the director now directly owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 19.10% of the stock is owned by corporate insiders.
About Cintas Corp.