Analysts expect Cintas (NASDAQ:CTAS) to announce earnings of $1.65 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Cintas’ earnings, with the highest EPS estimate coming in at $1.70 and the lowest estimate coming in at $1.53. Cintas posted earnings of $1.18 per share during the same quarter last year, which would suggest a positive year over year growth rate of 39.8%. The business is expected to issue its next quarterly earnings results on Thursday, July 19th.
On average, analysts expect that Cintas will report full-year earnings of $5.83 per share for the current year, with EPS estimates ranging from $5.79 to $5.87. For the next fiscal year, analysts expect that the firm will report earnings of $6.98 per share, with EPS estimates ranging from $6.71 to $7.42. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Cintas.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, March 22nd. The business services provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.10. Cintas had a return on equity of 22.86% and a net margin of 11.69%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the business earned $1.11 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis.
A number of research firms recently weighed in on CTAS. ValuEngine raised Cintas from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 22nd. Robert W. Baird reissued a “buy” rating and set a $200.00 price objective on shares of Cintas in a report on Friday, March 23rd. Goldman Sachs started coverage on Cintas in a report on Tuesday, March 27th. They set a “conviction-buy” rating and a $210.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Cintas from $151.00 to $152.00 and gave the stock an “underweight” rating in a report on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $168.55.
Cintas opened at $183.43 on Friday, Marketbeat reports. Cintas has a fifty-two week low of $120.83 and a fifty-two week high of $184.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.86 and a current ratio of 2.16. The company has a market cap of $19.51 billion, a P/E ratio of 40.49, a PEG ratio of 2.62 and a beta of 0.90.
In other news, VP Thomas E. Frooman sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $175.96, for a total value of $2,023,540.00. Following the completion of the transaction, the vice president now directly owns 106,926 shares of the company’s stock, valued at $18,814,698.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James Phillip Holloman sold 7,523 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $171.26, for a total value of $1,288,388.98. Following the completion of the transaction, the insider now directly owns 133,491 shares of the company’s stock, valued at $22,861,668.66. The disclosure for this sale can be found here. Insiders own 18.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CTAS. Egerton Capital UK LLP bought a new position in shares of Cintas in the fourth quarter valued at approximately $239,268,000. American Century Companies Inc. bought a new position in shares of Cintas in the first quarter valued at approximately $104,376,000. Fred Alger Management Inc. grew its holdings in shares of Cintas by 1,018.9% in the fourth quarter. Fred Alger Management Inc. now owns 592,705 shares of the business services provider’s stock valued at $92,361,000 after acquiring an additional 539,735 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Cintas by 589.5% in the first quarter. Select Equity Group L.P. now owns 423,725 shares of the business services provider’s stock valued at $72,279,000 after acquiring an additional 362,272 shares in the last quarter. Finally, Chilton Investment Co. LLC bought a new position in shares of Cintas in the first quarter valued at approximately $54,424,000. 66.77% of the stock is owned by institutional investors.
Cintas Company Profile
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services; First Aid and Safety Services; and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.
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