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.
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.
ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3148814/1-57-billion-in-sales-expected-for-cintas-co-ctas-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.