Cintas (CTAS) Scheduled to Post Quarterly Earnings on Wednesday
Cintas (NASDAQ:CTAS) is set to issue its quarterly earnings data after the market closes on Wednesday, December 20th. Analysts expect the company to announce earnings of $1.27 per share for the quarter. Cintas has set its FY18 guidance at $5.30-5.38 EPS.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.30 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. Cintas had a net margin of 9.79% and a return on equity of 23.71%. Cintas’s revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 earnings per share. On average, analysts expect Cintas to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Cintas (NASDAQ CTAS) opened at $157.19 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 0.99. The stock has a market cap of $16,921.53, a P/E ratio of 32.35, a PEG ratio of 2.48 and a beta of 0.88. Cintas has a 1-year low of $112.96 and a 1-year high of $159.83.
Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Cintas from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Tuesday, October 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $145.00 price objective on shares of Cintas in a report on Monday, November 20th. Robert W. Baird reiterated an “outperform” rating and issued a $165.00 price objective (up from $152.00) on shares of Cintas in a report on Thursday, September 28th. Finally, Oppenheimer reiterated a “hold” rating on shares of Cintas in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $144.67.
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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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