$1.78 Billion in Sales Expected for Cintas Co. (CTAS) This Quarter

Brokerages expect Cintas Co. (NASDAQ:CTAS) to report sales of $1.78 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Cintas’ earnings. Cintas posted sales of $1.67 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The company is scheduled to report its next quarterly earnings results on Thursday, July 18th.

On average, analysts expect that Cintas will report full-year sales of $6.88 billion for the current fiscal year, with estimates ranging from $6.87 billion to $6.88 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $7.29 billion, with estimates ranging from $7.24 billion to $7.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Cintas.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.13. The firm had revenue of $1.68 million during the quarter, compared to analyst estimates of $1.69 billion. Cintas had a net margin of 12.44% and a return on equity of 25.85%. The company’s revenue for the quarter was down 99.9% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS.

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 18th. Morgan Stanley increased their price objective on shares of Cintas from $163.00 to $172.00 and gave the company an “underweight” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. increased their price objective on shares of Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Zacks Investment Research lowered shares of Cintas from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. Finally, ValuEngine upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $194.45.

In other news, Director Ronald W. Tysoe sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $201.64, for a total transaction of $604,920.00. Following the completion of the sale, the director now owns 5,667 shares in the company, valued at approximately $1,142,693.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Lawrence Thompson sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $200.60, for a total transaction of $200,600.00. Following the sale, the insider now owns 64,165 shares of the company’s stock, valued at approximately $12,871,499. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,155 shares of company stock valued at $1,658,496. 19.10% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC boosted its holdings in Cintas by 4.1% in 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 period. Thrivent Financial for Lutherans boosted its holdings in Cintas by 1.8% in 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 period. CWM LLC boosted its holdings in Cintas by 52.4% in the 1st quarter. CWM LLC now owns 192 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 66 shares during the period. Rehmann Capital Advisory Group boosted its holdings in Cintas by 9.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,078 shares of the business services provider’s stock valued at $213,000 after purchasing an additional 94 shares during the period. Finally, D.B. Root & Company LLC boosted its holdings in Cintas by 8.4% in the 4th quarter. D.B. Root & Company LLC now owns 1,274 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 99 shares during the period. Institutional investors own 67.07% of the company’s stock.

NASDAQ:CTAS opened at $214.80 on Friday. 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 capitalization of $22.32 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.35 and a beta of 1.08. Cintas has a 52 week low of $155.98 and a 52 week high of $217.34.

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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