Cintas (NASDAQ:CTAS) announced its earnings results on Thursday. The business services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.10, Bloomberg Earnings reports. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the company posted $1.11 EPS. Cintas’s quarterly revenue was up 26.6% on a year-over-year basis.
Shares of Cintas stock traded down $10.18 during midday trading on Thursday, hitting $163.11. The stock had a trading volume of 1,120,913 shares, compared to its average volume of 593,190. Cintas has a 1-year low of $119.54 and a 1-year high of $178.34. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. The company has a market cap of $18,371.45, a P/E ratio of 32.49, a price-to-earnings-growth ratio of 2.64 and a beta of 0.88.
A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Cintas from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. ValuEngine raised Cintas from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Morgan Stanley upped their target price on Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a research report on Wednesday, January 31st. BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 22nd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $174.00 target price (up from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $157.09.
In other news, insider James Phillip Holloman sold 12,386 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $160.92, for a total value of $1,993,155.12. Following the completion of the sale, the insider now directly owns 141,328 shares in the company, valued at approximately $22,742,501.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 18.90% of the stock is currently owned by insiders.
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Cintas Corporation 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, first aid and safety services and fire protection products and services.
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