$1.57 Billion in Sales Expected for Cintas Co. (CTAS) This Quarter

Analysts forecast that Cintas Co. (NASDAQ:CTAS) will post sales of $1.57 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Cintas’ earnings, with the lowest sales estimate coming in at $1.53 billion and the highest estimate coming in at $1.59 billion. Cintas posted sales of $1.28 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 22.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 28th.

On average, analysts expect that Cintas will report full-year sales of $1.57 billion for the current year, with estimates ranging from $6.39 billion to $6.44 billion. For the next fiscal year, analysts expect that the business will post sales of $6.76 billion per share, with estimates ranging from $6.72 billion to $6.82 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Cintas.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.04. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the company earned $1.15 EPS. The firm’s revenue was up 26.4% compared to the same quarter last year.

CTAS has been the subject of several recent research reports. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Tuesday, December 19th. Barclays increased their price objective on Cintas from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, September 27th. Deutsche Bank restated a “hold” rating and issued a $140.00 target price (up from $130.00) on shares of Cintas in a report on Wednesday, September 27th. Robert W. Baird restated an “outperform” rating and issued a $185.00 target price (up from $165.00) on shares of Cintas in a report on Friday, December 22nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $138.00 target price (up from $136.00) on shares of Cintas in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $153.73.

Cintas (CTAS) opened at $164.06 on Friday. Cintas has a 52 week low of $112.96 and a 52 week high of $164.17. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $17,470.58, a price-to-earnings ratio of 32.68, a P/E/G ratio of 2.51 and a beta of 0.87.

In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $160.92, for a total value of $1,993,155.12. Following the completion of the sale, the insider now directly owns 141,328 shares in the company, valued at approximately $22,742,501.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 18.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc purchased a new position in shares of Cintas during the 2nd quarter worth $120,000. QS Investors LLC grew its holdings in shares of Cintas by 1.0% during the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after purchasing an additional 10 shares during the period. YorkBridge Wealth Partners LLC grew its holdings in shares of Cintas by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after purchasing an additional 33 shares during the period. Pitcairn Co. purchased a new position in shares of Cintas during the 3rd quarter worth $200,000. Finally, Checchi Capital Advisers LLC purchased a new position in shares of Cintas during the 3rd quarter worth $204,000. Institutional investors and hedge funds own 66.64% of the company’s stock.

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About Cintas

Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.

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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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