Revenue Update on Cintas Corporation(NASDAQ:CTAS)

Cintas Corporation(NASDAQ:CTAS) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Sep 27, 2016. Company reported revenue of $1.29B. Analysts estimated a revenue of $1.28B. Earnings per share were $1.26. Analysts had estimated an EPS of $1.08.

In a different note, On Aug 26, 2016, Nomura said it Maintains its rating on Cintas Corporation. In the research note, the firm Raises the price-target to $124.00 per share. The shares have been rated ‘Buy’ by the firm. Macquarie said it Initiates Coverage on Cintas Corporation, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 17, 2016, Barclays said it Upgrades its rating on Cintas Corporation. In the research note, the firm Raises the price-target to $110.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 17, 2016, Morgan Stanley said it Maintains its rating on Cintas Corporation. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Underweight’ by the firm. On Aug 17, 2016, Baird said it Upgrades its rating on Cintas Corporation. The shares have been rated ‘Outperform’ by the firm. On Aug 17, 2016, Nomura said it Maintains its rating on Cintas Corporation. In the research note, the firm Raises the price-target to $107.00 per share. The shares have been rated ‘Buy’ by the firm.

Cintas Corporation (CTAS) made into the market gainers list on Fridays trading session with the shares advancing 1.11% or 1.24 points. Due to strong positive momentum, the stock ended at $112.6, which is also near the day’s high of $112.81. The stock began the session at $111.9 and the volume stood at 14,14,000 shares. The 52-week high of the shares is $119.94 and the 52 week low is $80. The company has a current market capitalization of $11,734 M and it has 10,42,07,491 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, Gerald S Adolph (director) sold 2,000 shares at $108.12 per share price.Also, On May 4, 2016, Paul F. Adler (Treasurer) sold 160 shares at $89.58 per share price.On Apr 14, 2016, James Phillip Holloman (President and COO) sold 19,376 shares at $90.49 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.

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