Analysts Anticipate Cintas Co. (CTAS) to Announce $1.24 EPS

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.

CTAS has been the subject of a number of recent analyst reports. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research report on Tuesday, December 19th. Robert W. Baird reissued an “outperform” rating and set a $185.00 price objective (up from $165.00) on shares of Cintas in a research report on Friday, December 22nd. William Blair reissued a “buy” rating on shares of Cintas in a research report on Monday, January 1st. JPMorgan Chase & Co. reissued a “buy” rating and set a $183.00 price objective on shares of Cintas in a research report on Friday, December 22nd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $145.00 price objective on shares of Cintas in a research report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $155.91.

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.

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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.

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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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