Cintas Corporation (CTAS) was Upgraded by KeyBanc Capital Mkts to ” Overweight”. Earlier the firm had a rating of “Sector Weight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Apr 13, 2016.
Many Wall Street Analysts have commented on Cintas Corporation. Shares were Reiterated by RBC Capital Mkts on Mar 23, 2016 to “Sector Perform” and Lowered the Price Target to $ 92 from a previous price target of $94 .Cintas Corporation was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016. Cintas Corporation was Downgraded by Morgan Stanley to ” Underweight” on Feb 17, 2016.
On the company’s financial health, Cintas Corporation reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Mar 22, 2016. Analyst had a consensus of $0.95. The company had revenue of $1216.00 million for the quarter, compared to analysts expectations of $1200.18 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.
Cintas Corporation closed down -0.21 points or -0.24% at $89.11 with 6,42,930 shares getting traded on Monday. Post opening the session at $89.68, the shares hit an intraday low of $89.06 and an intraday high of $90.0633 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 16, 2016, James Phillip Holloman (President and COO) sold 3,731 shares at $82.52 per share price. According to the SEC, on Feb 3, 2016, Ronald W Tysoe (director) sold 7,008 shares at $86.39 per share price. On Aug 13, 2015, Thomas E Frooman (VP, Secretary & Gen. Counsel) sold 6,079 shares at $87.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Cintas Corporation provides products and services to businesses of all types. The Company 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 and first aid safety and fire protection products and services. The Company has three segments: Rental Uniforms and Ancillary Products Uniform Direct Sales and First Aid Safety and Fire Protection Services. The Company’s Rental Uniforms and Ancillary Products segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing mats mops and shop towels and other ancillary items. The Company’s Uniform Direct Sales segment consists of the direct sale of uniforms and related items. The Company’s First Aid Safety and Fire Protection Services segment consists of first aid safety and fire protection products and services.