Cintas (NASDAQ:CTAS) is set to release its earnings data after the market closes on Thursday, March 21st. Analysts expect Cintas to post earnings of $1.73 per share for the quarter. Cintas has set its FY 2019 guidance at $7.30-7.38 EPS and its FY19 guidance at $7.30-7.38 EPS.
Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 20th. The business services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.04. Cintas had a net margin of 14.10% and a return on equity of 24.87%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm earned $1.31 EPS. Cintas’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts expect Cintas to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Cintas stock opened at $204.89 on Friday. Cintas has a fifty-two week low of $155.98 and a fifty-two week high of $217.34. The company has a market cap of $21.49 billion, a P/E ratio of 34.49, a PEG ratio of 2.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.70 and a current ratio of 1.99.
In other news, insider Michael Lawrence Thompson sold 1,000 shares of Cintas stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $200.60, for a total value of $200,600.00. Following the sale, the insider now directly owns 64,165 shares in the company, valued at $12,871,499. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald W. Tysoe sold 3,000 shares of Cintas stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $201.64, for a total transaction of $604,920.00. Following the completion of the sale, the director now owns 5,667 shares in the company, valued at $1,142,693.88. The disclosure for this sale can be found here. Insiders have sold a total of 5,740 shares of company stock worth $1,156,635 over the last 90 days. Corporate insiders own 19.10% of the company’s stock.
Several research analysts recently weighed in on CTAS shares. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and set a $166.50 price objective on the stock in a research note on Thursday, January 3rd. They noted that the move was a valuation call. Morgan Stanley reduced their price objective on shares of Cintas from $167.00 to $163.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 8th. ValuEngine lowered shares of Cintas from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Royal Bank of Canada started coverage on shares of Cintas in a research note on Monday, November 19th. They set an “outperform” rating and a $215.00 price objective on the stock. Finally, BidaskClub raised shares of Cintas from a “hold” rating to a “buy” rating in a research note on Thursday, December 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $190.77.
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Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.
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