Brokerages Expect Cintas Co. (CTAS) to Announce $1.73 EPS

Wall Street analysts forecast that Cintas Co. (NASDAQ:CTAS) will post earnings of $1.73 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Cintas’ earnings. The lowest EPS estimate is $1.66 and the highest is $1.83. Cintas posted earnings of $1.37 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.3%. The business is expected to issue its next quarterly earnings report on Thursday, March 28th.

According to Zacks, analysts expect that Cintas will report full-year earnings of $7.35 per share for the current year, with EPS estimates ranging from $7.30 to $7.38. For the next financial year, analysts expect that the business will report earnings of $8.26 per share, with EPS estimates ranging from $8.00 to $8.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Cintas.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 20th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Cintas had a return on equity of 24.87% and a net margin of 14.10%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 EPS.



A number of analysts have recently weighed in on CTAS shares. Morgan Stanley cut their target price on Cintas from $167.00 to $163.00 and set an “underweight” rating for the company in a research report on Tuesday, January 8th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and set a $166.50 target price for the company in a research report on Thursday, January 3rd. They noted that the move was a valuation call. Royal Bank of Canada assumed coverage on Cintas in a research report on Monday, November 26th. They set an “outperform” rating for the company. BidaskClub upgraded Cintas from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 20th. Finally, Robert W. Baird dropped their price objective on Cintas from $235.00 to $201.00 and set an “outperform” rating for the company in a research report on Friday, December 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Cintas currently has an average rating of “Buy” and an average target price of $190.77.

In other Cintas news, insider Michael Lawrence Thompson sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $200.60, for a total value of $200,600.00. Following the completion of the transaction, the insider now owns 64,165 shares of the company’s stock, valued at approximately $12,871,499. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas E. Frooman sold 1,740 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $201.79, for a total value of $351,114.60. Following the sale, the vice president now directly owns 124,666 shares of the company’s stock, valued at approximately $25,156,352.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,740 shares of company stock valued at $1,156,635. 19.10% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its holdings in Cintas by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,778 shares of the business services provider’s stock valued at $635,000 after purchasing an additional 66 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of Cintas by 5.8% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,226 shares of the business services provider’s stock worth $206,000 after acquiring an additional 67 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in Cintas by 9.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,078 shares of the business services provider’s stock valued at $213,000 after buying an additional 94 shares in the last quarter. D.B. Root & Company LLC grew its holdings in Cintas by 8.4% in the 4th quarter. D.B. Root & Company LLC now owns 1,274 shares of the business services provider’s stock valued at $214,000 after buying an additional 99 shares in the last quarter. Finally, Legacy Financial Strategies LLC grew its holdings in Cintas by 3.6% in the 4th quarter. Legacy Financial Strategies LLC now owns 3,154 shares of the business services provider’s stock valued at $530,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 66.33% of the company’s stock.

Shares of NASDAQ:CTAS traded up $1.93 during trading on Friday, reaching $206.82. 8,637 shares of the company traded hands, compared to its average volume of 482,879. The company has a market cap of $21.46 billion, a price-to-earnings ratio of 34.86, 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. Cintas has a 52 week low of $155.98 and a 52 week high of $217.34.

Cintas Company Profile

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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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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