Cintas (NASDAQ:CTAS) announced its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.04, Bloomberg Earnings reports. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. Cintas updated its FY18 guidance to $5.39-5.46 EPS.
Cintas (NASDAQ CTAS) traded down $1.59 during trading on Friday, reaching $160.46. 449,058 shares of the company’s stock traded hands, compared to its average volume of 677,512. Cintas has a 12 month low of $112.96 and a 12 month high of $163.45. The stock has a market cap of $17,060.00, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.48 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.53 and a current ratio of 1.77.
Several brokerages have recently weighed in on CTAS. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Tuesday, December 19th. Royal Bank of Canada reiterated a “hold” rating and set a $145.00 price target on shares of Cintas in a research note on Monday, November 20th. Robert W. Baird restated an “outperform” rating and set a $185.00 target price (up previously from $165.00) on shares of Cintas in a research note on Friday, December 22nd. BidaskClub upgraded shares of Cintas from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, KeyCorp reiterated an “overweight” rating and issued a $174.00 price target (up from $148.00) on shares of Cintas in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cintas presently has a consensus rating of “Hold” and an average target price of $153.73.
WARNING: This article was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/01/13/cintas-ctas-announces-quarterly-earnings-results.html.
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.