Analysts expect Cintas (NASDAQ:CTAS) to announce $1.65 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Cintas’ earnings, with estimates ranging from $1.53 to $1.70. Cintas reported earnings of $1.18 per share during the same quarter last year, which would indicate a positive year over year growth rate of 39.8%. The firm is expected to issue its next earnings results on Thursday, July 19th.
On average, analysts expect that Cintas will report full-year earnings of $5.82 per share for the current year, with EPS estimates ranging from $5.79 to $5.87. For the next fiscal year, analysts forecast that the company will post earnings of $6.98 per share, with EPS estimates ranging from $6.70 to $7.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Cintas.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, March 22nd. The business services provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.10. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.57 billion. Cintas had a net margin of 11.69% and a return on equity of 22.86%. Cintas’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 earnings per share.
A number of analysts recently weighed in on the stock. Robert W. Baird reissued a “buy” rating and issued a $200.00 price target on shares of Cintas in a report on Friday, March 23rd. Zacks Investment Research lowered shares of Cintas from a “buy” rating to a “hold” rating in a report on Friday, March 9th. Oppenheimer reissued a “hold” rating on shares of Cintas in a report on Friday, December 22nd. Morgan Stanley raised their price target on shares of Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a report on Wednesday, January 31st. Finally, William Blair reissued a “buy” rating on shares of Cintas in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Cintas presently has an average rating of “Buy” and a consensus price target of $168.55.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTAS. Northwestern Mutual Wealth Management Co. grew its holdings in Cintas by 61.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock worth $147,000 after acquiring an additional 357 shares during the period. Two Sigma Securities LLC acquired a new stake in Cintas during the 4th quarter worth $204,000. Novare Capital Management LLC acquired a new stake in Cintas during the 4th quarter worth $206,000. IFM Investors Pty Ltd acquired a new stake in Cintas during the 3rd quarter worth $210,000. Finally, IBM Retirement Fund acquired a new stake in Cintas during the 4th quarter worth $211,000. 66.39% of the stock is owned by hedge funds and other institutional investors.
Shares of Cintas stock traded down $1.04 during midday trading on Friday, reaching $173.12. The company had a trading volume of 330,655 shares, compared to its average volume of 511,039. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.16 and a quick ratio of 1.86. The firm has a market cap of $18,586.51, a P/E ratio of 38.22, a P/E/G ratio of 2.49 and a beta of 0.90. Cintas has a 1-year low of $119.54 and a 1-year high of $178.34.
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Cintas Company Profile
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; First Aid and Safety Services; and All Other 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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