Cintas (CTAS) Expected to Post Earnings of $1.65 Per Share

Equities research analysts predict that Cintas (NASDAQ:CTAS) will post earnings per share of $1.65 for the current quarter, Zacks reports. Six analysts have provided estimates for Cintas’ earnings, with estimates ranging from $1.53 to $1.70. Cintas reported earnings per share of $1.18 in the same quarter last year, which suggests a positive year over year growth rate of 39.8%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 19th.

According to Zacks, analysts expect that Cintas will report full year earnings of $5.82 per share for the current fiscal year, with EPS estimates ranging from $5.79 to $5.87. For the next year, analysts anticipate that the firm will report earnings of $6.98 per share, with EPS estimates ranging from $6.70 to $7.42. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Cintas.

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Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, March 22nd. The business services provider reported $1.37 EPS for the quarter, topping the consensus estimate of $1.27 by $0.10. Cintas had a net margin of 11.69% and a return on equity of 22.86%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. Cintas’s quarterly revenue was up 26.6% on a year-over-year basis.

Several research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Cintas from $145.00 to $162.00 and gave the stock a “hold” rating in a research report on Friday, March 23rd. Robert W. Baird reiterated a “buy” rating and issued a $200.00 price objective on shares of Cintas in a report on Friday, March 23rd. JPMorgan Chase increased their price objective on shares of Cintas from $183.00 to $188.00 and gave the company an “overweight” rating in a report on Friday, March 23rd. Morgan Stanley increased their price objective on shares of Cintas from $151.00 to $152.00 and gave the company an “underweight” rating in a report on Friday, March 23rd. Finally, Goldman Sachs began coverage on shares of Cintas in a report on Tuesday, March 27th. They issued a “conviction-buy” rating and a $210.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $168.55.

NASDAQ CTAS traded down $3.48 on Wednesday, hitting $167.10. The stock had a trading volume of 129,014 shares, compared to its average volume of 602,237. Cintas has a one year low of $119.54 and a one year high of $178.34. The company has a current ratio of 2.15, a quick ratio of 1.85 and a debt-to-equity ratio of 0.88. The stock has a market cap of $18,197.71, a price-to-earnings ratio of 37.66, a price-to-earnings-growth ratio of 2.44 and a beta of 0.90.

In related news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the completion of the sale, the insider now directly owns 141,328 shares of the company’s stock, valued at $22,742,501.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 18.90% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Cintas by 61.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 357 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Cintas during the fourth quarter valued at approximately $204,000. Novare Capital Management LLC acquired a new stake in Cintas during the fourth quarter valued at approximately $206,000. IBM Retirement Fund acquired a new stake in Cintas during the fourth quarter valued at approximately $211,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of Cintas in the 4th quarter valued at approximately $215,000. 66.56% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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