Cintas (CTAS) Updates FY19 Earnings Guidance

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Cintas (NASDAQ:CTAS) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $7.30-7.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.26. The company issued revenue guidance of $6.87-6.91 billion, compared to the consensus revenue estimate of $6.84 billion.Cintas also updated its FY 2019 guidance to $7.30-7.38 EPS.

Cintas stock traded down $6.03 during trading on Thursday, reaching $159.04. The company had a trading volume of 1,388,965 shares, compared to its average volume of 566,480. Cintas has a 12-month low of $147.38 and a 12-month high of $217.34. The company has a market cap of $17.81 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.91 and a beta of 1.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.65 and a current ratio of 3.10.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 20th. The business services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.04. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Cintas had a net margin of 12.72% and a return on equity of 24.13%. Cintas’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 earnings per share. Sell-side analysts predict that Cintas will post 7.24 EPS for the current year.

The firm also recently declared an annual dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 9th were given a dividend of $2.05 per share. This represents a yield of 1.13%. This is a boost from Cintas’s previous annual dividend of $1.62. The ex-dividend date of this dividend was Thursday, November 8th. Cintas’s payout ratio is 34.51%.

CTAS has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Cintas from a hold rating to a sell rating in a research report on Monday, September 24th. Morgan Stanley reissued a sell rating and set a $178.00 target price (up from $164.00) on shares of Cintas in a research report on Thursday, September 13th. Bank of America initiated coverage on shares of Cintas in a research report on Tuesday, October 23rd. They set a neutral rating and a $200.00 target price on the stock. BidaskClub cut shares of Cintas from a strong-buy rating to a buy rating in a research report on Friday, October 19th. Finally, Barclays boosted their target price on shares of Cintas from $210.00 to $235.00 and gave the stock an overweight rating in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cintas has a consensus rating of Hold and a consensus target price of $202.09.

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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 and First Aid and Safety Services 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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