Oppenheimer analyst Scott Schneeberger maintained a Hold rating on Cintas Corp (NASDAQ: CTAS) today. The company’s shares closed yesterday at $193.68, close to its 52-week high of $196.27.
Schneeberger commented:
“F4Q18 adjusted EPS of $1.77 (+45% y/y; excludes G&K acquisition-related expenses; $1.66 reported) exceeded our estimate/consensus/guidance of $1.64/ $1.66/$1.64-1.69, respectively. F4Q18 revenue of $1.670B (+9.1% y/y; 5.1% organic growth) topped our estimate/consensus of $1.625B/$1.639B, respectively. F4Q18 adjusted operating income (excluding acquisition-related expenses) of $281M exceeded our estimate/consensus of $267M via revenue outperformance leveraged across well-managed SG&A. With G&K now included (2+ months), CTAS’ F4Q18 organic growth slowed to mid-single digits from high-single digits recently. However, business trends remain solid/organic growth is likely to ramp higher post F1Q19. FY19 revenue/adjusted EPS guidance both encompassed consensus/represent respectable growth y/y.”
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 12.6% and a 68.0% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, General Finance, and XPO Logistics.
Currently, the analyst consensus on Cintas Corp is a Hold with an average price target of $180, which is a -7.1% downside from current levels. In a report released yesterday, Stifel Nicolaus also reiterated a Hold rating on the stock with a $180 price target.
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Based on Cintas Corp’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of $183 million. In comparison, last year the company had a net profit of $77.43 million.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock.
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Cintas Corp. engages in the provision and supply of corporate identity uniform programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other.
