Analysts Set Expectations for Cintas Co.’s Q1 2020 Earnings (NASDAQ:CTAS)

Cintas Co. (NASDAQ:CTAS) – Equities research analysts at William Blair lifted their Q1 2020 earnings per share (EPS) estimates for Cintas in a note issued to investors on Wednesday, July 17th. William Blair analyst T. Mulrooney now anticipates that the business services provider will post earnings of $2.11 per share for the quarter, up from their previous forecast of $1.97. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Cintas’ Q2 2020 earnings at $2.04 EPS, FY2020 earnings at $8.40 EPS and FY2021 earnings at $9.31 EPS.

A number of other equities research analysts have also commented on CTAS. Barclays set a €81.00 ($94.19) price objective on shares of Fresenius Medical Care AG & Co. KGaA and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research lowered shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada reissued a “hold” rating and set a $136.00 price objective on shares of Continental in a report on Wednesday. BidaskClub lowered shares of Xperi from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 19th. Finally, Credit Suisse Group set a GBX 3,090 ($40.38) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $217.25.

CTAS opened at $257.85 on Thursday. Cintas has a twelve month low of $155.98 and a twelve month high of $263.82. The stock has a 50-day moving average price of $236.31. The company has a current ratio of 1.98, a quick ratio of 1.89 and a debt-to-equity ratio of 0.85. The company has a market cap of $27.26 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last posted its earnings results on Tuesday, July 16th. The business services provider reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.13. Cintas had a net margin of 12.80% and a return on equity of 26.77%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year.

In other Cintas news, Director Joseph Scaminace sold 6,255 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $222.20, for a total transaction of $1,389,861.00. Following the transaction, the director now directly owns 7,973 shares in the company, valued at approximately $1,771,600.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 19.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Capital Financial Planning LLC acquired a new stake in shares of Cintas in the 4th quarter valued at approximately $29,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Cintas in the 1st quarter valued at approximately $36,000. CWM LLC raised its position in shares of Cintas by 52.4% in the 1st quarter. CWM LLC now owns 192 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 66 shares during the period. Sonora Investment Management LLC acquired a new stake in shares of Cintas in the 2nd quarter valued at approximately $42,000. Finally, Washington Trust Bank acquired a new stake in shares of Cintas in the 1st quarter valued at approximately $45,000. Institutional investors own 67.05% of the company’s stock.

About Cintas

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 and First Aid and Safety Services 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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