Analysts Anticipate Cintas Co. (NASDAQ:CTAS) Will Post Earnings of $2.14 Per Share

Equities research analysts expect that Cintas Co. (NASDAQ:CTAS) will post earnings of $2.14 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Cintas’ earnings. The highest EPS estimate is $2.20 and the lowest is $2.06. Cintas posted earnings of $1.93 per share during the same quarter last year, which would indicate a positive year over year growth rate of 10.9%. The firm is scheduled to report its next earnings results on Tuesday, September 24th.

On average, analysts expect that Cintas will report full-year earnings of $8.45 per share for the current fiscal year, with EPS estimates ranging from $8.38 to $8.63. For the next year, analysts expect that the company will report earnings of $9.41 per share, with EPS estimates ranging from $9.22 to $9.82. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Cintas.

Cintas (NASDAQ:CTAS) last posted its earnings results on Tuesday, July 16th. The business services provider reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.13. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Cintas had a return on equity of 26.77% and a net margin of 12.80%. Cintas’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.77 earnings per share.

Several analysts have weighed in on CTAS shares. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a research report on Thursday, July 18th. Morgan Stanley lifted their price objective on Cintas from $184.00 to $202.00 and gave the company an “underweight” rating in a research report on Wednesday, July 17th. Bank of America reaffirmed a “buy” rating and set a $287.00 price objective (up from $261.00) on shares of Cintas in a research report on Tuesday, August 13th. William Blair reaffirmed a “buy” rating on shares of Cintas in a research report on Thursday, June 20th. Finally, Credit Suisse Group lifted their price objective on Cintas from $160.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $241.44.

Cintas stock traded down $8.42 during trading hours on Friday, hitting $256.04. 394,897 shares of the stock traded hands, compared to its average volume of 519,165. The firm’s 50-day moving average price is $256.37 and its two-hundred day moving average price is $225.13. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 0.85. The company has a market cap of $27.43 billion, a PE ratio of 33.69, a PEG ratio of 3.11 and a beta of 0.99. Cintas has a one year low of $155.98 and a one year high of $270.36.

In related news, insider Michael Lawrence Thompson sold 4,888 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.79, for a total value of $1,274,741.52. Following the completion of the transaction, the insider now directly owns 69,053 shares in the company, valued at approximately $18,008,331.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas E. Frooman sold 5,373 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.79, for a total transaction of $1,401,224.67. Following the completion of the transaction, the vice president now owns 127,624 shares of the company’s stock, valued at $33,283,062.96. The disclosure for this sale can be found here. 19.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CTAS. Dimensional Fund Advisors LP grew its holdings in shares of Cintas by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 451,053 shares of the business services provider’s stock valued at $75,772,000 after buying an additional 13,371 shares during the last quarter. Geode Capital Management LLC raised its holdings in Cintas by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 1,168,562 shares of the business services provider’s stock valued at $195,972,000 after acquiring an additional 66,402 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Cintas during the first quarter valued at about $247,000. IFM Investors Pty Ltd raised its holdings in Cintas by 18.0% during the first quarter. IFM Investors Pty Ltd now owns 5,959 shares of the business services provider’s stock valued at $1,204,000 after acquiring an additional 907 shares during the period. Finally, Pennsylvania Trust Co raised its holdings in Cintas by 12.0% during the first quarter. Pennsylvania Trust Co now owns 21,972 shares of the business services provider’s stock valued at $4,441,000 after acquiring an additional 2,352 shares during the period. Institutional investors own 68.31% 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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