Cintas Co. (CTAS) Expected to Announce Quarterly Sales of $1.57 Billion

Equities analysts expect that Cintas Co. (NASDAQ:CTAS) will report $1.57 billion in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Cintas’ earnings, with estimates ranging from $1.53 billion to $1.59 billion. Cintas reported sales of $1.28 billion in the same quarter last year, which would suggest a positive year over year growth rate of 22.7%. The business is scheduled to announce its next quarterly earnings results on Wednesday, March 28th.

According to Zacks, analysts expect that Cintas will report full-year sales of $1.57 billion for the current fiscal year, with estimates ranging from $6.39 billion to $6.44 billion. For the next financial year, analysts anticipate that the firm will report sales of $6.76 billion per share, with estimates ranging from $6.72 billion to $6.82 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Cintas.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.04. 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 analyst estimates of $1.59 billion. During the same period in the prior year, the business posted $1.15 EPS. The firm’s revenue was up 26.4% compared to the same quarter last year.

A number of research firms have recently weighed in on CTAS. Deutsche Bank reissued a “hold” rating and set a $140.00 price objective (up from $130.00) on shares of Cintas in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Tuesday, December 19th. KeyCorp reissued an “overweight” rating and set a $174.00 price objective (up from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. JPMorgan Chase & Co. reissued a “buy” rating and set a $183.00 price objective on shares of Cintas in a research report on Friday, December 22nd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Cintas currently has an average rating of “Hold” and an average price target of $153.73.

In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the firm’s 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 sale, the insider now owns 141,328 shares in the company, valued at approximately $22,742,501.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new stake in Cintas during the 3rd quarter valued at approximately $11,296,000. Point72 Asset Management L.P. purchased a new stake in Cintas during the 3rd quarter valued at approximately $61,754,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Cintas by 6.9% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 24,845 shares of the business services provider’s stock valued at $3,585,000 after buying an additional 1,596 shares in the last quarter. black and white Capital LP purchased a new position in shares of Cintas in the second quarter valued at $16,385,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Cintas by 23.6% in the third quarter. Janney Montgomery Scott LLC now owns 4,812 shares of the business services provider’s stock valued at $694,000 after purchasing an additional 918 shares in the last quarter. 66.64% of the stock is owned by institutional investors and hedge funds.

Shares of Cintas (CTAS) opened at $164.06 on Friday. The firm has a market cap of $17,470.58, a PE ratio of 32.68, a PEG ratio of 2.51 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. Cintas has a 1 year low of $112.96 and a 1 year high of $164.17.

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About Cintas

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.

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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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