Cintas (NASDAQ:CTAS) – Stock analysts at William Blair lifted their FY2019 EPS estimates for Cintas in a report released on Monday, April 23rd. William Blair analyst T. Mulrooney now expects that the business services provider will post earnings per share of $6.71 for the year, up from their previous forecast of $6.70. William Blair currently has a “Buy” rating on the stock.
A number of other research analysts have also commented on CTAS. Zacks Investment Research lowered shares of Cintas from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Morgan Stanley upped their price target on shares of Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. BidaskClub upgraded shares of Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. ValuEngine upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $200.00 price target on shares of Cintas in a research note on Friday, March 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $168.55.
Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, March 22nd. The business services provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.10. Cintas had a net margin of 11.69% and a return on equity of 22.86%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the business earned $1.11 EPS. Cintas’s revenue for the quarter was up 26.6% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Cintas by 61.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 357 shares during the period. Two Sigma Securities LLC bought a new stake in Cintas in the 4th quarter valued at about $204,000. Novare Capital Management LLC bought a new stake in Cintas in the 4th quarter valued at about $206,000. IBM Retirement Fund bought a new stake in Cintas in the 4th quarter valued at about $211,000. Finally, Bbva Compass Bancshares Inc. bought a new stake in Cintas in the 4th quarter valued at about $215,000. 66.23% of the stock is owned by hedge funds and other institutional investors.
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Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services; First Aid and Safety Services; and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.
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