Analysts Anticipate Cintas Corporation (CTAS) Will Announce Quarterly Sales of $1.57 Billion
Analysts expect Cintas Corporation (NASDAQ:CTAS) to report $1.57 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Cintas Corporation’s earnings, with the lowest sales estimate coming in at $1.55 billion and the highest estimate coming in at $1.58 billion. Cintas Corporation reported sales of $1.29 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 21.7%. The company is scheduled to announce its next quarterly earnings report on Tuesday, September 26th.
On average, analysts expect that Cintas Corporation will report full year sales of $1.57 billion for the current fiscal year, with estimates ranging from $6.30 billion to $6.35 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.64 billion per share, with estimates ranging from $6.59 billion to $6.71 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Cintas Corporation.
Cintas Corporation (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.30). Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis.
A number of research firms have weighed in on CTAS. Robert W. Baird set a $152.00 price target on shares of Cintas Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, August 24th. BidaskClub raised shares of Cintas Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Morgan Stanley reissued an “underweight” rating and issued a $117.00 target price (up previously from $107.00) on shares of Cintas Corporation in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $130.00 price target on shares of Cintas Corporation in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $135.40.
In other news, CFO J. Michael Hansen sold 800 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $130.75, for a total value of $104,600.00. Following the completion of the sale, the chief financial officer now directly owns 54,370 shares in the company, valued at $7,108,877.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald S. Adolph sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the sale, the director now owns 13,135 shares of the company’s stock, valued at $1,756,018.15. The disclosure for this sale can be found here. 19.10% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in Cintas Corporation by 19.4% during the 1st quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 140 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Cintas Corporation in the 2nd quarter valued at $120,000. QS Investors LLC grew its holdings in shares of Cintas Corporation by 1.0% in the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after purchasing an additional 10 shares during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Cintas Corporation by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after purchasing an additional 33 shares during the last quarter. Finally, First Personal Financial Services grew its holdings in shares of Cintas Corporation by 0.8% in the 2nd quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after purchasing an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 66.42% of the company’s stock.
Cintas Corporation (CTAS) traded down 0.34% on Friday, reaching $134.15. 882,320 shares of the company’s stock were exchanged. The company has a market cap of $14.14 billion, a P/E ratio of 30.58 and a beta of 0.85. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $139.74. The firm has a 50 day moving average of $133.81 and a 200-day moving average of $126.93.
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Cintas Corporation Company Profile
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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