Analysts Anticipate Cintas Co. (CTAS) to Announce $1.94 EPS

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Equities research analysts expect Cintas Co. (NASDAQ:CTAS) to report earnings of $1.94 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Cintas’ earnings, with estimates ranging from $1.92 to $1.97. Cintas posted earnings per share of $1.77 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The business is expected to announce its next quarterly earnings results on Thursday, July 18th.

According to Zacks, analysts expect that Cintas will report full-year earnings of $7.46 per share for the current financial year, with EPS estimates ranging from $7.43 to $7.50. For the next year, analysts expect that the business will report earnings of $8.30 per share, with EPS estimates ranging from $8.00 to $8.64. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Cintas.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, March 21st. The business services provider reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.13. The firm had revenue of $1.68 million during the quarter, compared to analysts’ expectations of $1.69 billion. Cintas had a return on equity of 25.85% and a net margin of 12.44%. The firm’s revenue for the quarter was down 99.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 earnings per share.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $248.00 target price for the company in a report on Thursday. BidaskClub upgraded Cintas from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. Morgan Stanley upped their target price on Cintas from $163.00 to $172.00 and gave the company an “underweight” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. upped their target price on Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Finally, ValuEngine upgraded Cintas from a “hold” rating to a “buy” rating in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $200.05.

NASDAQ:CTAS traded down $0.30 during trading hours on Friday, hitting $223.42. The company had a trading volume of 294,586 shares, compared to its average volume of 481,811. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.80. The stock has a market cap of $23.36 billion, a P/E ratio of 37.61, a PEG ratio of 2.44 and a beta of 1.08. Cintas has a 1 year low of $155.98 and a 1 year high of $225.33.

In other news, VP Thomas E. Frooman sold 2,415 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $207.81, for a total transaction of $501,861.15. Following the completion of the transaction, the vice president now directly owns 122,251 shares in the company, valued at approximately $25,404,980.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Scaminace sold 6,255 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $222.20, for a total value of $1,389,861.00. Following the transaction, the director now owns 7,973 shares of the company’s stock, valued at $1,771,600.60. The disclosure for this sale can be found here. Corporate insiders own 19.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC grew its stake in Cintas by 4.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,276 shares of the business services provider’s stock worth $257,000 after buying an additional 50 shares during the last quarter. World Asset Management Inc grew its stake in Cintas by 0.8% during the 1st quarter. World Asset Management Inc now owns 6,740 shares of the business services provider’s stock worth $1,362,000 after buying an additional 56 shares during the last quarter. Wealthfront Advisers LLC grew its stake in Cintas by 1.9% during the 1st quarter. Wealthfront Advisers LLC now owns 3,315 shares of the business services provider’s stock worth $670,000 after buying an additional 62 shares during the last quarter. WealthPLAN Partners LLC grew its stake in Cintas by 5.3% during the 1st quarter. WealthPLAN Partners LLC now owns 1,285 shares of the business services provider’s stock worth $284,000 after buying an additional 65 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Cintas by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,778 shares of the business services provider’s stock worth $635,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

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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