Revenue Update on Cintas Corporation(NASDAQ:CTAS)

Cintas Corporation(NASDAQ:CTAS) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.281B. Analysts estimated a revenue of $1.280B. The revenues were 0.08% above the estimates. Earnings per share were $1.08. The reported EPS was above estimates by 0.93%. Analysts had estimated an EPS of $1.07.

In a different note, Deutsche Bank said it Initiates Coverage On Cintas Corporation, according to a research note issued on Feb 22, 2017. In the research note, the firm Announces the price-target to $120 per share. The shares have been rated ‘Hold’ by the firm. Deutsche Bank said it Initiates Coverage On Cintas Corporation, according to a research note issued on Feb 22, 2017. In the research note, the firm Announces the price-target to $120 per share. The shares have been rated ‘Hold’ by the firm.

Cintas Corporation (CTAS) shares turned negative on Fridays trading session with the shares closing down -0.82 points or -0.65% at a volume of 7,09,505. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $126.42. The peak price level was also seen at $126.42 while the days lowest was $124.84. Finally the shares closed at $125.13. The 52-week high of the shares is $128.85 while the 52-week low is $85.94. According to the latest information available, the market cap of the company is $13,163 M.

Several Insider Transactions has been reported to the SEC. On Feb 8, 2017, James Phillip Holloman (President and COO) sold 8,964 shares at $115.22 per share price.Also, On Jul 27, 2016, Gerald S Adolph (director) sold 2,000 shares at $108.12 per share price.On May 4, 2016, Paul F. Adler (Treasurer) sold 160 shares at $89.58 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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