Wall Street brokerages expect that Cintas Co. (NASDAQ:CTAS) will post $1.24 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Cintas’ earnings. The highest EPS estimate is $1.28 and the lowest is $1.19. Cintas posted earnings of $1.11 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.7%. The firm is expected to issue its next earnings results on Wednesday, March 28th.
On average, analysts expect that Cintas will report full year earnings of $5.45 per share for the current financial year, with EPS estimates ranging from $5.42 to $5.48. For the next financial year, analysts expect that the business will report earnings of $6.53 per share, with EPS estimates ranging from $5.95 to $7.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Cintas.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS.
Shares of Cintas (NASDAQ:CTAS) traded down $2.14 during trading hours on Monday, hitting $159.68. The company had a trading volume of 322,607 shares, compared to its average volume of 526,194. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. The firm has a market cap of $17,232.02, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 2.48 and a beta of 0.91. Cintas has a 1 year low of $113.79 and a 1 year high of $169.96.
In related news, insider James Phillip Holloman sold 12,386 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the completion of the transaction, the insider now directly owns 141,328 shares in the company, valued at approximately $22,742,501.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 18.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Calton & Associates Inc. purchased a new position in shares of Cintas in the 4th quarter valued at about $404,000. Claraphi Advisory Network LLC purchased a new position in shares of Cintas in the 4th quarter valued at about $263,000. Public Employees Retirement Association of Colorado boosted its stake in shares of Cintas by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 16,379 shares of the business services provider’s stock valued at $2,552,000 after buying an additional 548 shares during the period. Everence Capital Management Inc. purchased a new position in shares of Cintas in the 4th quarter valued at about $255,000. Finally, Gator Capital Management LLC purchased a new position in shares of Cintas in the 4th quarter valued at about $810,000. Institutional investors and hedge funds own 66.58% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is owned by of American Banking News. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/05/analysts-anticipate-cintas-co-ctas-to-announce-1-24-eps.html.
Cintas 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.