Cintas Co. (CTAS) Expected to Post Quarterly Sales of $1.57 Billion

Equities research analysts expect that Cintas Co. (NASDAQ:CTAS) will announce $1.57 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Cintas’ earnings, with the lowest sales estimate coming in at $1.53 billion and the highest estimate coming in at $1.59 billion. Cintas reported sales of $1.28 billion during the same quarter last year, which would suggest a positive year over year growth rate of 22.7%. The firm is expected to announce its next earnings results on Wednesday, March 28th.

According to Zacks, analysts expect that Cintas will report full-year sales of $1.57 billion for the current financial year, with estimates ranging from $6.39 billion to $6.44 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $6.76 billion per share, with estimates ranging from $6.72 billion to $6.82 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Cintas.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The business’s revenue for the quarter was up 26.4% on a year-over-year basis.

CTAS has been the subject of a number of research analyst reports. William Blair reissued a “buy” rating on shares of Cintas in a research report on Monday. Oppenheimer reissued a “hold” rating on shares of Cintas in a research report on Wednesday, September 27th. Zacks Investment Research raised Cintas from a “hold” rating to a “strong-buy” rating and set a $180.00 price objective for the company in a research report on Thursday, December 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $138.00 price objective (up from $136.00) on shares of Cintas in a research report on Wednesday, September 27th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $145.00 price objective on shares of Cintas in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $153.73.

A number of institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its position in shares of Cintas by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 286,019 shares of the business services provider’s stock valued at $36,050,000 after purchasing an additional 7,920 shares during the period. Victory Capital Management Inc. grew its position in shares of Cintas by 20.6% in the second quarter. Victory Capital Management Inc. now owns 17,045 shares of the business services provider’s stock valued at $2,148,000 after purchasing an additional 2,910 shares during the period. Pacer Advisors Inc. boosted its holdings in Cintas by 12.8% in the second quarter. Pacer Advisors Inc. now owns 3,306 shares of the business services provider’s stock valued at $417,000 after acquiring an additional 376 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Cintas by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 172,648 shares of the business services provider’s stock valued at $21,761,000 after acquiring an additional 1,370 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Cintas by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,416 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 27 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

Shares of Cintas (NASDAQ:CTAS) opened at $158.42 on Thursday. The stock has a market capitalization of $16,699.83, a PE ratio of 30.88, a P/E/G ratio of 2.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. Cintas has a 1 year low of $112.96 and a 1 year high of $163.45.

The business also recently declared an annual dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were given a dividend of $1.62 per share. This is an increase from Cintas’s previous annual dividend of $1.33. The ex-dividend date of this dividend was Thursday, November 9th. This represents a yield of 1.07%. Cintas’s dividend payout ratio (DPR) is presently 32.27%.

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About Cintas

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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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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