Cintas Co. (NASDAQ:CTAS) – Equities research analysts at William Blair reduced their Q4 2017 earnings per share estimates for shares of Cintas in a report issued on Thursday, Zacks Investment Research reports. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings of $1.07 per share for the quarter, down from their previous estimate of $1.15. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Cintas’ FY2018 earnings at $4.64 EPS and FY2019 earnings at $5.50 EPS.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 22nd. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The company earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Cintas had a return on equity of 24.80% and a net margin of 10.37%. During the same period in the prior year, the business posted $1.05 EPS. Cintas’s revenue was up 5.3% on a year-over-year basis.
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Other research analysts have also recently issued research reports about the company. Piper Jaffray Companies lifted their target price on Cintas from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, March 23rd. Deutsche Bank AG lifted their target price on Cintas from $120.00 to $125.00 and gave the company a “hold” rating in a research report on Thursday, March 23rd. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research report on Monday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Cintas in a research report on Tuesday, December 27th. Finally, Barclays PLC lifted their target price on Cintas from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $129.20.
Shares of Cintas (NASDAQ:CTAS) traded up 0.03% during trading on Friday, hitting $123.14. The company had a trading volume of 436,382 shares. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 25.54 and a beta of 0.87. The stock has a 50-day moving average of $122.43 and a 200 day moving average of $116.04. Cintas has a 12-month low of $88.51 and a 12-month high of $128.85.
Several hedge funds have recently modified their holdings of the stock. Artisan Partners Limited Partnership raised its stake in shares of Cintas by 385.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 970,364 shares of the business services provider’s stock valued at $112,135,000 after buying an additional 770,364 shares during the last quarter. Norges Bank purchased a new stake in shares of Cintas during the fourth quarter valued at about $66,269,000. Congress Asset Management Co. MA purchased a new stake in shares of Cintas during the fourth quarter valued at about $63,718,000. State Street Corp raised its stake in shares of Cintas by 7.3% in the fourth quarter. State Street Corp now owns 4,848,925 shares of the business services provider’s stock valued at $560,339,000 after buying an additional 331,710 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Cintas by 31.5% in the fourth quarter. FMR LLC now owns 1,151,533 shares of the business services provider’s stock valued at $133,072,000 after buying an additional 275,531 shares during the last quarter. Hedge funds and other institutional investors own 66.28% of the company’s stock.
In other Cintas news, VP Thomas E. Frooman sold 11,500 shares of the business’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $127.23, for a total value of $1,463,145.00. Following the transaction, the vice president now owns 74,466 shares of the company’s stock, valued at $9,474,309.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO J. Michael Hansen sold 5,477 shares of the business’s stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $125.72, for a total value of $688,568.44. Following the completion of the sale, the chief financial officer now owns 40,974 shares in the company, valued at $5,151,251.28. The disclosure for this sale can be found here. In the last three months, insiders sold 21,007 shares of company stock worth $2,644,421. Insiders own 19.10% of the company’s stock.
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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