Cintas (NASDAQ:CTAS) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $8.30-8.45 for the period, compared to the Thomson Reuters consensus estimate of $8.32. The company issued revenue guidance of $7.24-7.31 billion, compared to the consensus revenue estimate of $7.29 billion.

A number of brokerages have recently issued reports on CTAS. BidaskClub downgraded shares of Xperi from a sell rating to a strong sell rating in a report on Wednesday, June 19th. Morgan Stanley set a $23.00 price target on shares of Murphy Oil and gave the company a sell rating in a report on Friday, March 22nd. Zacks Investment Research lowered shares of G1 Therapeutics from a buy rating to a hold rating in a report on Thursday, May 16th. William Blair restated an outperform rating on shares of American Software in a report on Thursday, June 20th. Finally, JPMorgan Chase & Co. set a $45.00 price target on shares of Ciena and gave the company a buy rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Cintas has a consensus rating of Buy and a consensus target price of $200.05.

Shares of CTAS traded down $3.82 during mid-day trading on Tuesday, reaching $239.44. 759,789 shares of the stock traded hands, compared to its average volume of 487,776. The stock has a market cap of $25.35 billion, a price-to-earnings ratio of 40.31, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99. The firm has a fifty day moving average of $233.65. Cintas has a 12-month low of $155.98 and a 12-month high of $244.59. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.80.

In other news, Director Joseph Scaminace sold 6,255 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $222.20, for a total transaction of $1,389,861.00. Following the completion of the sale, the director now owns 7,973 shares of the company’s stock, valued at $1,771,600.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 19.10% 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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