Oppenheimer Holdings Comments on Cintas Corporation’s Q1 2018 Earnings (CTAS)

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.

Earnings History and Estimates for Cintas Corporation (NASDAQ:CTAS)

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