$1.94 EPS Expected for Cintas Co. (CTAS) This Quarter

Analysts expect that Cintas Co. (NASDAQ:CTAS) will announce $1.94 earnings per share for the current fiscal quarter, according to Zacks Investment Research. 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 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The business is expected to report its next 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 fiscal year, with EPS estimates ranging from $7.43 to $7.50. For the next year, analysts forecast that the company will post earnings of $8.30 per share, with EPS estimates ranging from $8.00 to $8.64. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms 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 analysts’ consensus estimates of $1.71 by $0.13. Cintas had a net margin of 12.44% and a return on equity of 25.85%. The company had revenue of $1.68 million during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was down 99.9% on a year-over-year basis.

A number of analysts have recently issued reports on CTAS shares. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $248.00 price target for the company in a research report on Thursday, May 16th. BidaskClub raised shares of Cintas from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. increased their price target on shares of Cintas from $210.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Morgan Stanley increased their price target on shares of Cintas from $163.00 to $172.00 and gave the stock an “underweight” rating in a research report on Friday, March 22nd. Finally, ValuEngine raised shares of Cintas from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Cintas currently has a consensus rating of “Buy” and a consensus price target of $200.05.

In related news, Director Joseph Scaminace sold 6,255 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $222.20, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas E. Frooman sold 2,415 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $207.81, for a total transaction of $501,861.15. Following the transaction, the vice president now directly owns 122,251 shares in the company, valued at approximately $25,404,980.31. The disclosure for this sale can be found here. 19.10% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Nelson Roberts Investment Advisors LLC bought a new position in Cintas during the fourth quarter valued at approximately $25,000. Capital Financial Planning LLC acquired a new position in Cintas during the fourth quarter valued at approximately $29,000. Financial Gravity Wealth Inc. acquired a new position in Cintas during the first quarter valued at approximately $36,000. CWM LLC grew its holdings in Cintas by 52.4% during the first 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 last quarter. Finally, Ameritas Investment Corp acquired a new position in Cintas during the first quarter valued at approximately $42,000. 67.40% of the stock is currently owned by hedge funds and other institutional investors.

CTAS stock traded down $0.38 during mid-day trading on Friday, reaching $223.82. 3,125 shares of the stock traded hands, compared to its average volume of 477,920. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.80. Cintas has a 52-week low of $155.98 and a 52-week high of $227.64. The firm has a market capitalization of $23.74 billion, a PE ratio of 37.71, a P/E/G ratio of 2.50 and a beta of 1.08.

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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