Analysts Expect Cintas Co. (NASDAQ:CTAS) Will Post Earnings of $2.19 Per Share

Brokerages expect that Cintas Co. (NASDAQ:CTAS) will report earnings per share (EPS) of $2.19 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Cintas’ earnings, with estimates ranging from $1.98 to $2.31. Cintas posted earnings per share of $2.16 during the same quarter last year, which would indicate a positive year over year growth rate of 1.4%. The company is expected to report its next quarterly earnings results on Thursday, March 18th.

On average, analysts expect that Cintas will report full year earnings of $9.78 per share for the current fiscal year, with EPS estimates ranging from $9.25 to $10.10. For the next fiscal year, analysts forecast that the firm will report earnings of $9.89 per share, with EPS estimates ranging from $9.22 to $10.86. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Cintas.

Cintas (NASDAQ:CTAS) last posted its earnings results on Monday, December 21st. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.44. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Cintas had a return on equity of 28.02% and a net margin of 13.90%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 earnings per share.

Several research analysts recently commented on the company. William Blair raised Cintas from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 16th. Morgan Stanley raised Cintas from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $261.00 to $324.00 in a research report on Wednesday, January 6th. Northcoast Research restated a “neutral” rating on shares of Cintas in a research note on Wednesday, December 23rd. Stifel Nicolaus upped their price objective on Cintas from $323.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, December 23rd. Finally, Royal Bank of Canada upped their price objective on Cintas from $360.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, December 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $313.40.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Cintas by 1.6% in the 4th quarter. BlackRock Inc. now owns 6,115,051 shares of the business services provider’s stock worth $2,161,425,000 after purchasing an additional 93,585 shares in the last quarter. Findlay Park Partners LLP grew its position in shares of Cintas by 18.0% in the 3rd quarter. Findlay Park Partners LLP now owns 981,963 shares of the business services provider’s stock valued at $326,827,000 after buying an additional 149,958 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Cintas by 106.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 641,541 shares of the business services provider’s stock valued at $226,759,000 after buying an additional 330,330 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Cintas by 14.5% in the 4th quarter. Nuveen Asset Management LLC now owns 551,590 shares of the business services provider’s stock valued at $194,966,000 after buying an additional 69,990 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of Cintas by 3.4% during the 4th quarter. King Luther Capital Management Corp now owns 519,560 shares of the business services provider’s stock valued at $183,644,000 after purchasing an additional 17,117 shares in the last quarter. 64.08% of the stock is owned by institutional investors and hedge funds.

NASDAQ CTAS traded down $2.99 during trading hours on Tuesday, hitting $337.51. 11,547 shares of the company traded hands, compared to its average volume of 474,992. The business’s 50-day moving average is $336.34 and its 200-day moving average is $338.07. Cintas has a twelve month low of $154.33 and a twelve month high of $369.20. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.70 and a current ratio of 2.06. The stock has a market capitalization of $35.45 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 3.53 and a beta of 1.49.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, February 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, February 11th. This is a boost from Cintas’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 0.89%. Cintas’s payout ratio is currently 36.99%.

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.

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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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