Cintas Corporation (NASDAQ:CTAS) – Analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share (EPS) estimates for shares of Cintas Corporation in a note issued to investors on Friday. Oppenheimer Holdings analyst S. Schneeberger anticipates that the business services provider will earn $1.32 per share for the quarter. Oppenheimer Holdings also issued estimates for Cintas Corporation’s Q2 2018 earnings at $1.24 EPS, Q3 2018 earnings at $1.31 EPS, Q4 2018 earnings at $1.33 EPS, FY2018 earnings at $5.20 EPS and FY2019 earnings at $5.85 EPS.
Cintas Corporation (NASDAQ:CTAS) last released its earnings results on Thursday, July 20th. The business services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by $0.30. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business posted $1.08 EPS. Cintas Corporation’s revenue was up 23.1% on a year-over-year basis.
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Several other equities research analysts have also commented on the company. Royal Bank Of Canada restated a “hold” rating and issued a $130.00 price objective on shares of Cintas Corporation in a research report on Friday. Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the stock a “hold” rating in a research report on Friday. Stifel Nicolaus upped their price objective on Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research report on Monday, July 10th. Finally, Nomura lowered Cintas Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Cintas Corporation presently has a consensus rating of “Hold” and a consensus price target of $130.92.
Shares of Cintas Corporation (NASDAQ:CTAS) opened at 138.43 on Monday. The firm’s 50-day moving average is $126.83 and its 200-day moving average is $121.86. The company has a market cap of $14.59 billion, a PE ratio of 31.55 and a beta of 0.83. Cintas Corporation has a 1-year low of $102.07 and a 1-year high of $139.39.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. National Pension Service acquired a new position in shares of Cintas Corporation during the first quarter worth about $10,587,000. Quadrant Capital Group LLC raised its position in shares of Cintas Corporation by 1.9% in the first quarter. Quadrant Capital Group LLC now owns 2,928 shares of the business services provider’s stock worth $366,000 after buying an additional 55 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Cintas Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 27,367 shares of the business services provider’s stock worth $3,463,000 after buying an additional 330 shares during the period. Charter Trust Co. acquired a new position in shares of Cintas Corporation during the first quarter worth about $262,000. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Cintas Corporation by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 74,304 shares of the business services provider’s stock worth $9,402,000 after buying an additional 2,107 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.
About Cintas Corporation
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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