$1.64 Billion in Sales Expected for Cintas (CTAS) This Quarter

Analysts expect Cintas (NASDAQ:CTAS) to report $1.64 billion in sales 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 during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The business is scheduled to report its next quarterly earnings results on Thursday, July 19th.

On average, analysts expect that Cintas will report full year sales of $6.44 billion for the current year, with estimates ranging from $6.43 billion to $6.45 billion. For the next year, analysts anticipate that the company will post sales of $6.80 billion per share, with estimates ranging from $6.75 billion to $6.87 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Cintas.

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Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, March 22nd. The business services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.10. The firm had revenue of $1.59 billion during 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 revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 earnings per share.

Several brokerages have recently weighed in on CTAS. Robert W. Baird reissued a “buy” rating and issued a $200.00 price objective on shares of Cintas in a research report on Friday, March 23rd. Zacks Investment Research lowered shares of Cintas from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. Oppenheimer reissued a “hold” rating on shares of Cintas in a research report on Friday, December 22nd. Morgan Stanley upped their price target on shares of Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. Finally, William Blair restated a “buy” rating on shares of Cintas in a research note on Tuesday, December 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Cintas presently has a consensus rating of “Buy” and an average price target of $168.55.

Hedge funds have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC raised its stake in shares of Cintas by 11.7% in the fourth quarter. Belpointe Asset Management LLC now owns 3,056 shares of the business services provider’s stock worth $476,000 after acquiring an additional 319 shares during the last quarter. MML Investors Services LLC increased its stake in Cintas by 7.6% in the 4th quarter. MML Investors Services LLC now owns 4,900 shares of the business services provider’s stock worth $764,000 after acquiring an additional 347 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Cintas by 61.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock worth $147,000 after acquiring an additional 357 shares during the last quarter. Penserra Capital Management LLC increased its stake in Cintas by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 2,380 shares of the business services provider’s stock worth $370,000 after acquiring an additional 374 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Cintas by 1.0% in the 4th quarter. Arizona State Retirement System now owns 46,020 shares of the business services provider’s stock worth $7,171,000 after acquiring an additional 439 shares during the last quarter. Institutional investors and hedge funds own 66.39% of the company’s stock.

Shares of CTAS traded down $1.02 during trading hours on Monday, hitting $173.36. The company had a trading volume of 91,549 shares, compared to its average volume of 576,080. The firm has a market capitalization of $18,564.10, a PE ratio of 38.35, a PEG 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 debt-to-equity ratio of 0.88, a current ratio of 2.16 and a quick ratio of 1.86.

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About Cintas

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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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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