Wall Street brokerages expect that Cintas (NASDAQ:CTAS) will post sales of $1.64 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Cintas’ earnings, with estimates ranging from $1.63 billion to $1.65 billion. Cintas posted sales of $1.53 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7.2%. The company is expected to announce its next earnings results on Thursday, July 19th.
On average, analysts expect that Cintas will report full-year sales of $6.44 billion for the current financial year, with estimates ranging from $6.43 billion to $6.45 billion. For the next year, analysts anticipate that the company will report sales of $6.80 billion per share, with estimates ranging from $6.75 billion to $6.87 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Cintas.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, March 22nd. The business services provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.10. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Cintas had a net margin of 11.69% and a return on equity of 22.86%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share.
Shares of NASDAQ CTAS traded down $1.04 during midday trading on Monday, reaching $173.12. 330,655 shares of the stock were exchanged, compared to its average volume of 511,039. The stock has a market cap of $18,586.51, a price-to-earnings ratio of 38.22, a P/E/G ratio of 2.49 and a beta of 0.90. Cintas has a 12 month low of $119.54 and a 12 month high of $178.34. The company has a quick ratio of 1.86, a current ratio of 2.16 and a debt-to-equity ratio of 0.88.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Egerton Capital UK LLP bought a new stake in Cintas in the 4th quarter valued at $239,268,000. Congress Asset Management Co. MA lifted its position in Cintas by 3.3% in the 4th quarter. Congress Asset Management Co. MA now owns 992,320 shares of the business services provider’s stock valued at $154,633,000 after acquiring an additional 32,155 shares in the last quarter. Wells Fargo & Company MN lifted its position in Cintas by 50.7% in the 4th quarter. Wells Fargo & Company MN now owns 715,166 shares of the business services provider’s stock valued at $111,443,000 after acquiring an additional 240,495 shares in the last quarter. Fred Alger Management Inc. lifted its position in Cintas by 1,018.9% in the 4th quarter. Fred Alger Management Inc. now owns 592,705 shares of the business services provider’s stock valued at $92,361,000 after acquiring an additional 539,735 shares in the last quarter. Finally, First Republic Investment Management Inc. lifted its position in Cintas by 0.4% in the 4th quarter. First Republic Investment Management Inc. now owns 510,373 shares of the business services provider’s stock valued at $79,531,000 after acquiring an additional 1,915 shares in the last quarter. 66.39% of the stock is currently owned by institutional investors and hedge funds.
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; First Aid and Safety Services; and All Other 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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