Equities research analysts expect that Cintas Co. (NASDAQ:CTAS) will post sales of $1.57 billion for the current quarter, according to Zacks. Six analysts have provided estimates for Cintas’ earnings. The highest sales estimate is $1.59 billion and the lowest is $1.53 billion. Cintas posted sales of $1.28 billion during the same quarter last year, which suggests a positive year over year growth rate of 22.7%. The company is scheduled to report its next quarterly 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 year, with estimates ranging from $6.39 billion to $6.44 billion. For the next 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 calculations are a mean average based on a survey of analysts that cover Cintas.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 earnings per share.
In related news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 141,328 shares of the company’s stock, valued at $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.
A number of hedge funds and other institutional investors have recently made changes to their positions in CTAS. Raymond James Financial Services Advisors Inc. grew its holdings in Cintas by 9.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,298 shares of the business services provider’s stock valued at $1,197,000 after purchasing an additional 713 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Cintas by 6.8% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,682 shares of the business services provider’s stock valued at $1,974,000 after purchasing an additional 870 shares during the period. State of Wisconsin Investment Board grew its holdings in Cintas by 3.6% during the third quarter. State of Wisconsin Investment Board now owns 82,245 shares of the business services provider’s stock valued at $11,866,000 after purchasing an additional 2,888 shares during the period. Principal Financial Group Inc. grew its holdings in Cintas by 2.9% during the third quarter. Principal Financial Group Inc. now owns 135,358 shares of the business services provider’s stock valued at $19,529,000 after purchasing an additional 3,855 shares during the period. Finally, Swiss National Bank grew its holdings in Cintas by 1.1% during the third quarter. Swiss National Bank now owns 481,848 shares of the business services provider’s stock valued at $69,521,000 after purchasing an additional 5,400 shares during the period. 66.58% of the stock is owned by institutional investors and hedge funds.
Shares of Cintas (CTAS) opened at $176.61 on Tuesday. The company has a market capitalization of $18,986.95, a P/E ratio of 35.10, a PEG ratio of 2.73 and a beta of 0.88. Cintas has a 52 week low of $117.85 and a 52 week high of $178.34. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99.
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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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