Analysts expect Cintas Co. (NASDAQ:CTAS) to report $1.70 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Cintas’ earnings, with estimates ranging from $1.69 billion to $1.70 billion. Cintas reported sales of $1.61 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, December 20th.
According to Zacks, analysts expect that Cintas will report full year sales of $6.84 billion for the current year, with estimates ranging from $6.83 billion to $6.86 billion. For the next year, analysts forecast that the company will post sales of $7.24 billion, with estimates ranging from $7.18 billion to $7.29 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Cintas.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, September 25th. The business services provider reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.13. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the business posted $1.45 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year.
A number of equities analysts recently commented on the company. BidaskClub downgraded Cintas from a “strong-buy” rating to a “buy” rating in a research report on Friday. Morgan Stanley set a $175.00 target price on Cintas and gave the company a “sell” rating in a research report on Monday, October 15th. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $221.00 target price on the stock in a research report on Friday, September 28th. Robert W. Baird set a $235.00 target price on Cintas and gave the company a “buy” rating in a research report on Wednesday, September 26th. Finally, Barclays lifted their target price on Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $196.00.
A number of large investors have recently bought and sold shares of the business. IFM Investors Pty Ltd raised its position in Cintas by 16.4% in the third quarter. IFM Investors Pty Ltd now owns 4,551 shares of the business services provider’s stock valued at $900,000 after purchasing an additional 642 shares during the period. Bristlecone Advisors LLC grew its stake in shares of Cintas by 43.3% in the third quarter. Bristlecone Advisors LLC now owns 9,880 shares of the business services provider’s stock valued at $1,954,000 after buying an additional 2,985 shares in the last quarter. American Financial Network Advisory Services LLC grew its stake in shares of Cintas by 3,965.4% in the third quarter. American Financial Network Advisory Services LLC now owns 3,293 shares of the business services provider’s stock valued at $651,000 after buying an additional 3,212 shares in the last quarter. Polaris Greystone Financial Group LLC acquired a new stake in shares of Cintas in the third quarter valued at $154,000. Finally, Quad Cities Investment Group LLC grew its stake in shares of Cintas by 17.2% in the third quarter. Quad Cities Investment Group LLC now owns 2,045 shares of the business services provider’s stock valued at $408,000 after buying an additional 300 shares in the last quarter. Institutional investors own 67.11% of the company’s stock.
Shares of Cintas stock opened at $178.66 on Tuesday. Cintas has a one year low of $144.40 and a one year high of $217.34. The company has a market cap of $19.10 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.06 and a beta of 0.98. The company has a current ratio of 3.10, a quick ratio of 2.65 and a debt-to-equity ratio of 0.76.
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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