Cintas Corporation (NASDAQ:CTAS) Given Price Target Of $112


As per Cintas Corporation (NASDAQ:CTAS)’s news release on 2015-10-14, its shareholders will get cash dividend of $1.05 per share. The recent press release updated on the record date and payout date, which stands at 2015-11-06 and 2015-12-04, respectively.

The stock will commence trading ex-dividend from 2015-11-04, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Cintas Corporation (NASDAQ:CTAS) disbursed $1.05 in dividend compared to distribution of $1.05, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -38.2353%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Cintas Corporation (NASDAQ:CTAS) to attain a price target of $112. It is an average estimate figure given by 8 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $140. The low price range is set at $80 for next year while the arithmetic mean is seen at 2.36.

Eyeing Earnings Cintas Corporation (NASDAQ:CTAS) is likely to post quarterly numbers around 2016-09-22 for the quarter ending 2016-08-31. The quarterly EPS projection is set at $1.09 for the period ending on 2016-08-31.

In last quarter ended 2016-05-31, Cintas Corporation (NASDAQ:CTAS) earnings came at $1.08 suggesting a deviation of $0.06. The brokerages targeted EPS of $1.02 for the quarter.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 18 times, 1 visits today)