Cintas Corp. (CTAS) Releases Quarterly Earnings Results, Hits Estimates
Cintas Corp. (NASDAQ:CTAS) released its earnings data on Thursday. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63, Stock Ratings Network reports. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Cintas Corp. updated its FY14 guidance to $2.70-2.79 EPS.
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 the ratings front, 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.57.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 0.27% on Thursday, hitting $50.89. 675,804 shares of the company’s stock traded hands. Cintas Corp. has a 1-year low of $39.22 and a 1-year high of $51.22. The stock has a 50-day moving average of $48.79 and a 200-day moving average of $46.20. The company has a market cap of $6.225 billion and a price-to-earnings ratio of 20.32.
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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