Cintas (CTAS) Posts Earnings Results

Cintas (NASDAQ:CTAS) announced its earnings results on Thursday. 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, Bloomberg Earnings reports. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the company posted $1.11 EPS. Cintas’s quarterly revenue was up 26.6% on a year-over-year basis.

Shares of Cintas stock traded down $10.18 during midday trading on Thursday, hitting $163.11. The stock had a trading volume of 1,120,913 shares, compared to its average volume of 593,190. Cintas has a 1-year low of $119.54 and a 1-year high of $178.34. 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 cap of $18,371.45, a P/E ratio of 32.49, a price-to-earnings-growth ratio of 2.64 and a beta of 0.88.

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A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Cintas from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. ValuEngine raised Cintas from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Morgan Stanley upped their target price on Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a research report on Wednesday, January 31st. BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 22nd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $174.00 target price (up from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $157.09.

In other news, insider James Phillip Holloman sold 12,386 shares of the business’s stock in a transaction that occurred 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 Securities & Exchange Commission, which is available through this hyperlink. 18.90% of the stock is currently owned by insiders.

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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.

Earnings History for Cintas (NASDAQ:CTAS)

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