Zacks: Analysts Anticipate Cintas Co. (NASDAQ:CTAS) to Announce $2.14 Earnings Per Share

Wall Street brokerages predict that Cintas Co. (NASDAQ:CTAS) will announce earnings of $2.14 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Cintas’ earnings, with estimates ranging from $2.06 to $2.20. Cintas posted earnings of $1.93 per share in the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, September 24th.

On average, analysts expect that Cintas will report full-year earnings of $8.45 per share for the current financial year, with EPS estimates ranging from $8.38 to $8.63. For the next financial year, analysts anticipate that the business will post earnings of $9.41 per share, with EPS estimates ranging from $9.22 to $9.82. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Cintas.

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

CTAS has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on Cintas from $184.00 to $202.00 and gave the company an “underweight” rating in a research report on Wednesday, July 17th. Nomura lifted their target price on Cintas from $217.00 to $248.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. William Blair reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, June 20th. BidaskClub downgraded Cintas from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $273.00 target price on the stock in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Cintas has a consensus rating of “Buy” and an average target price of $241.44.

NASDAQ:CTAS traded up $0.59 during midday trading on Friday, reaching $247.10. 21,376 shares of the company traded hands, compared to its average volume of 483,849. Cintas has a twelve month low of $155.98 and a twelve month high of $270.36. The firm has a market capitalization of $25.26 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 2.89 and a beta of 0.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.69. The company has a fifty day moving average price of $261.44 and a 200 day moving average price of $231.02.

In related news, insider Michael Lawrence Thompson sold 4,888 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.79, for a total transaction of $1,274,741.52. Following the sale, the insider now directly owns 69,053 shares in the company, valued at approximately $18,008,331.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas E. Frooman sold 5,373 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.79, for a total value of $1,401,224.67. Following the sale, the vice president now owns 127,624 shares in the company, valued at $33,283,062.96. The disclosure for this sale can be found here. 19.10% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Bristlecone Advisors LLC raised its stake in Cintas by 2.2% during the 2nd quarter. Bristlecone Advisors LLC now owns 10,363 shares of the business services provider’s stock worth $2,459,000 after buying an additional 228 shares during the period. GYL Financial Synergies LLC bought a new position in Cintas during the 1st quarter worth about $797,000. Charter Trust Co. increased its holdings in Cintas by 3.2% during the 2nd quarter. Charter Trust Co. now owns 2,421 shares of the business services provider’s stock worth $574,000 after purchasing an additional 76 shares in the last quarter. Sonora Investment Management LLC bought a new position in Cintas during the 2nd quarter worth about $42,000. Finally, CIBC World Markets Inc. increased its holdings in Cintas by 103.4% during the 1st quarter. CIBC World Markets Inc. now owns 36,130 shares of the business services provider’s stock worth $7,302,000 after purchasing an additional 18,363 shares in the last quarter. 68.44% of the stock is currently owned by institutional investors.

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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