Cintas Corp. (CTAS) Releases FY14 Earnings Guidance
Cintas Corp. (NASDAQ:CTAS) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $2.70-2.79 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.72, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $4.5-4.6 billion, compared to the consensus revenue estimate of $4.55 billion.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Cintas Corp. (NASDAQ:CTAS) from a hold rating to a buy rating in a research note to investors on Monday, September 2nd. On a related note, analysts at Zacks reiterated a neutral rating on shares of Cintas Corp. (NASDAQ:CTAS) in a research note to investors on Monday, July 29th. They now have a $50.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an equal weight rating on shares of Cintas Corp. (NASDAQ:CTAS) in a research note to investors on Friday, July 26th. They now have a $42.00 price target on the stock, down previously from $50.00.
Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $48.57.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 0.27% on Thursday, hitting $50.89. 675,704 shares of the company’s stock traded hands. Cintas Corp. has a 52 week low of $39.22 and a 52 week high of $51.22. The stock’s 50-day moving average is $48.79 and its 200-day moving average is $46.20. The company has a market cap of $6.225 billion and a price-to-earnings ratio of 20.32.
Cintas Corp. (NASDAQ:CTAS) last announced its earnings results on Thursday, September 19th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.60 earnings per share. Cintas Corp.’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Cintas Corp. will post $2.73 earnings per share for the current fiscal year.
Cintas Corporation (NASDAQ:CTAS) provides specialized products and services to businesses of all types throughout the North America, Latin America, Europe and Asia.
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