Cintas (CTAS) Set to Announce Quarterly Earnings on Wednesday

Cintas (NASDAQ:CTAS) is set to announce its earnings results before the market opens on Wednesday, September 23rd. Analysts expect the company to announce earnings of $2.13 per share for the quarter. Cintas has set its Q1 guidance at $2.00-2.20 EPS and its Q1 2021
Pre-Market guidance at 2.00-2.20 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, July 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.13. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.56 billion. Cintas had a return on equity of 27.57% and a net margin of 12.36%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 earnings per share. On average, analysts expect Cintas to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

NASDAQ CTAS opened at $316.59 on Tuesday. The company has a market cap of $33.42 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 4.03 and a beta of 1.50. The stock’s 50 day simple moving average is $321.14 and its 200-day simple moving average is $259.91. Cintas has a 1-year low of $154.33 and a 1-year high of $344.97. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.61 and a quick ratio of 2.15.

In other news, CAO Michael Lawrence Thompson sold 17,650 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $319.31, for a total transaction of $5,635,821.50. Following the completion of the transaction, the chief accounting officer now directly owns 42,650 shares in the company, valued at $13,618,571.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ronald W. Tysoe sold 3,923 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $320.18, for a total value of $1,256,066.14. 15.90% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on Cintas from $302.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Morgan Stanley raised their target price on Cintas from $190.00 to $207.00 and gave the company an “underweight” rating in a research report on Friday, July 24th. Bank of America cut Cintas from a “buy” rating to a “neutral” rating and set a $255.00 price target for the company. in a report on Wednesday, May 27th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a report on Sunday, July 26th. Finally, BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Cintas currently has a consensus rating of “Hold” and a consensus target price of $263.70.

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 for Cintas (NASDAQ:CTAS)

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