Cintas (CTAS) Getting Somewhat Positive Press Coverage, Report Finds
News coverage about Cintas (NASDAQ:CTAS) has trended somewhat positive on Tuesday, Alpha One reports. The research firm, a division of Accern, identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cintas earned a media sentiment score of 0.19 on Alpha One’s scale. Alpha One also gave media headlines about the business services provider an impact score of 77 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the near future.
Shares of Cintas (NASDAQ:CTAS) traded down 0.41% during midday trading on Tuesday, reaching $122.48. The company’s stock had a trading volume of 239,684 shares. The stock has a 50 day moving average of $122.10 and a 200-day moving average of $115.87. Cintas has a 1-year low of $88.51 and a 1-year high of $128.85. The company has a market capitalization of $12.90 billion, a P/E ratio of 25.40 and a beta of 0.87.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 22nd. The business services provider reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.04. Cintas had a net margin of 10.37% and a return on equity of 24.80%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Cintas will post $4.53 earnings per share for the current year.
A number of equities analysts recently issued reports on CTAS shares. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a report on Monday, December 19th. Stifel Nicolaus raised their price target on Cintas from $118.00 to $123.00 and gave the stock a “hold” rating in a report on Tuesday, December 20th. Royal Bank of Canada reissued a “sector perform” rating on shares of Cintas in a report on Tuesday, December 27th. William Blair reissued an “outperform” rating on shares of Cintas in a report on Wednesday, January 18th. Finally, Deutsche Bank AG started coverage on Cintas in a report on Wednesday, February 22nd. They set a “hold” rating and a $120.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Cintas currently has a consensus rating of “Hold” and a consensus price target of $129.20.
In other news, VP Thomas E. Frooman sold 11,500 shares of the business’s stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $127.23, for a total value of $1,463,145.00. Following the sale, the vice president now owns 74,466 shares of the company’s stock, valued at $9,474,309.18. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $125.72, for a total transaction of $688,568.44. Following the completion of the sale, the chief financial officer now directly owns 40,974 shares in the company, valued at approximately $5,151,251.28. The disclosure for this sale can be found here. Insiders own 19.10% 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.
Receive News & Ratings for Cintas Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Co. and related companies with MarketBeat.com's FREE daily email newsletter.