Cintas Co. (NASDAQ:CTAS) – Oppenheimer Holdings issued their FY2019 EPS estimates for shares of Cintas in a research note issued on Thursday, Zacks Investment Research reports. Oppenheimer Holdings analyst S. Schneeberger forecasts that the business services provider will post earnings of $5.60 per share for the year.
Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 22nd. The business services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The business earned $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Cintas had a net margin of 10.37% and a return on equity of 24.80%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. ILLEGAL ACTIVITY WARNING: “Cintas Co. (CTAS) Forecasted to Earn FY2019 Earnings of $5.60 Per Share” was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2017/04/21/brokers-offer-predictions-for-cintas-co-s-fy2019-earnings-ctas-updated-updated.html.
A number of other research analysts have also recently weighed in on CTAS. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Cintas in a report on Tuesday, December 27th. Zacks Investment Research raised shares of Cintas from a “sell” rating to a “hold” rating in a report on Monday, March 27th. Barclays PLC lifted their price objective on shares of Cintas from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, March 23rd. Robert W. Baird reissued an “outperform” rating and set a $143.00 target price (up previously from $135.00) on shares of Cintas in a research note on Thursday, March 23rd. Finally, Piper Jaffray Companies boosted their target price on shares of Cintas from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Thursday, March 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Cintas currently has an average rating of “Hold” and a consensus target price of $129.20.
Shares of Cintas (NASDAQ:CTAS) traded up 0.03% during midday trading on Friday, reaching $123.14. 617,797 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $122.43 and its 200 day moving average is $116.04. The firm has a market cap of $12.97 billion, a PE ratio of 25.54 and a beta of 0.87. Cintas has a one year low of $88.51 and a one year high of $128.85.
In related news, VP Thomas E. Frooman sold 11,500 shares of the business’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $127.23, for a total transaction of $1,463,145.00. Following the transaction, the vice president now directly owns 74,466 shares in the company, valued at $9,474,309.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Paul F. Adler sold 4,030 shares of the business’s stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $122.26, for a total transaction of $492,707.80. Following the transaction, the treasurer now owns 5,529 shares in the company, valued at $675,975.54. The disclosure for this sale can be found here. Insiders have sold 21,007 shares of company stock worth $2,644,421 over the last 90 days. 19.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of CTAS. Asset Advisors Corp raised its position in Cintas by 272.3% in the third quarter. Asset Advisors Corp now owns 16,530 shares of the business services provider’s stock worth $1,861,000 after buying an additional 12,090 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Cintas during the third quarter valued at $3,548,000. WESPAC Advisors LLC purchased a new position in Cintas during the third quarter valued at $566,000. Charter Trust Co. purchased a new position in Cintas during the third quarter valued at $202,000. Finally, Callahan Advisors LLC raised its position in Cintas by 5.8% in the third quarter. Callahan Advisors LLC now owns 20,105 shares of the business services provider’s stock valued at $2,264,000 after buying an additional 1,095 shares during the last quarter. Hedge funds and other institutional investors own 66.28% of the company’s stock.
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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