Cintas Corporation Buyback
OLI recorded this information on 8/2/2016
Company:
Cintas Corporation
Buyback:
CTAS buyback
$Amount Authorized:
$500,000,000
Buyback Details:
Cintas Corporation (NASDAQ:CTAS) announced that the Board of Directors approved a share repurchase program under which the Company may repurchase up to $500 million of Cintas common stock at market prices. The number of shares to be repurchased and the timing of the purchases will be determined at the discretion of the Board, and repurchases may be discontinued at any time. This program does not have an expiration date.
Cintas 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, first aid and safety services and fire protection products and services. Co.'s reportable operating segments are the Uniform Rental and Facility Services, which consists of the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels and other ancillary items; and the First Aid and Safety Services, which consists of first aid and safety products and services.
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Avg. Broker Rec.
 
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Buy (3.06 out of 4) 34th percentile
(ranked lower than approx. 66% of all stocks covered)
Analysts' Target Price: CTAS Stock Forecast Based on Zacks ABR data; powered by Xignite |
