Equities analysts expect Cintas Co. (NASDAQ:CTAS) to report earnings of $1.72 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Cintas’ earnings, with the highest EPS estimate coming in at $1.79 and the lowest estimate coming in at $1.68. Cintas reported earnings per share of $1.31 during the same quarter last year, which indicates a positive year-over-year growth rate of 31.3%. The company is expected to announce its next quarterly earnings results on Thursday, December 20th.

According to Zacks, analysts expect that Cintas will report full year earnings of $7.24 per share for the current fiscal year, with EPS estimates ranging from $7.20 to $7.30. For the next fiscal year, analysts anticipate that the company will report earnings of $8.14 per share, with EPS estimates ranging from $7.97 to $8.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Cintas.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share.

A number of brokerages have recently commented on CTAS. Bank of America began coverage on Cintas in a report on Tuesday, October 23rd. They issued a “neutral” rating and a $200.00 price target on the stock. Credit Suisse Group began coverage on Cintas in a report on Friday, August 10th. They set a “neutral” rating and a $205.00 target price on the stock. BidaskClub lowered Cintas from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada began coverage on Cintas in a report on Monday, November 19th. They set an “outperform” rating and a $215.00 target price on the stock. Finally, Zacks Investment Research lowered Cintas from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Cintas presently has an average rating of “Buy” and a consensus target price of $202.17.

Shares of Cintas stock traded down $6.43 during trading on Friday, reaching $171.40. The stock had a trading volume of 814,977 shares, compared to its average volume of 555,878. The firm has a market cap of $19.19 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 2.06 and a beta of 1.03. Cintas has a 52 week low of $147.38 and a 52 week high of $217.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.10 and a quick ratio of 2.65.

The business also recently announced an annual dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be issued a dividend of $2.05 per share. This represents a yield of 1.13%. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from Cintas’s previous annual dividend of $1.62. Cintas’s dividend payout ratio is presently 34.51%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group increased its position in Cintas by 9.6% during the third quarter. Rehmann Capital Advisory Group now owns 1,078 shares of the business services provider’s stock worth $213,000 after buying an additional 94 shares during the last quarter. Marshall Wace North America L.P. increased its position in Cintas by 27.8% during the third quarter. Marshall Wace North America L.P. now owns 838,445 shares of the business services provider’s stock worth $165,853,000 after buying an additional 182,213 shares during the last quarter. Vanguard Group Inc. increased its position in Cintas by 0.5% during the third quarter. Vanguard Group Inc. now owns 9,605,402 shares of the business services provider’s stock worth $1,900,044,000 after buying an additional 48,586 shares during the last quarter. WealthPLAN Partners LLC acquired a new position in Cintas during the third quarter worth approximately $212,000. Finally, Morgan Stanley increased its position in Cintas by 28.7% during the third quarter. Morgan Stanley now owns 445,173 shares of the business services provider’s stock worth $88,058,000 after buying an additional 99,200 shares during the last quarter. Institutional investors and hedge funds own 66.37% of the company’s stock.

Cintas Company Profile

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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