J.P. Morgan Neutral On Cintas; Raises 2011 EPS Estimate Slightly (CTAS)

Loading...
Loading...
J.P. Morgan is raising its 2011 EPS estimate for Cintas
CTAS
and are now modeling for $1.52 for 2011, up from $1.50. This is due to better rental gross margin assumptions as uniform and facilities volumes improve. Cintas reported 4QF10 EPS of $0.35 on Tuesday, which is 2 cents better than the $0.33 estimate J.P. Morgan had. 4QF10 revenues were $909mn, 2% better than what J.P. Morgan was modeling. Remain Neutral on CTAS. J.P. Morgan maintains its Dec ’10 price target of $27 and are Neutral on the shares. Cintas shares are currently trading at $25.91, down 2‎ cents.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: Analyst ColorEarningsNewsGlobalAnalyst RatingsMoversDiversified Commercial & Professional ServicesIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...