Cintas Corporation (CTAS) to Release Earnings on Tuesday
Cintas Corporation (NASDAQ:CTAS) is scheduled to post its quarterly earnings results after the market closes on Tuesday, September 26th. Analysts expect Cintas Corporation to post earnings of $1.22 per share for the quarter.
Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.30). Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company posted $1.08 EPS. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, analysts expect Cintas Corporation to post $5.22 EPS for the current fiscal year and $5.89 EPS for the next fiscal year.
Cintas Corporation (CTAS) opened at 136.65 on Monday. Cintas Corporation has a 12 month low of $102.07 and a 12 month high of $139.74. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 31.15 and a beta of 0.85. The company’s 50-day moving average is $133.77 and its 200 day moving average is $127.29.
In related news, CFO J. Michael Hansen sold 800 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $130.75, for a total transaction of $104,600.00. Following the transaction, the chief financial officer now owns 54,370 shares of the company’s stock, valued at $7,108,877.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total transaction of $267,380.00. Following the transaction, the director now directly owns 13,135 shares in the company, valued at approximately $1,756,018.15. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by company insiders.
Several brokerages have commented on CTAS. Zacks Investment Research upgraded shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $153.00 target price for the company in a report on Thursday. BidaskClub lowered shares of Cintas Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Robert W. Baird set a $152.00 price target on shares of Cintas Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Stifel Nicolaus increased their price target on shares of Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Morgan Stanley reissued an “underweight” rating and issued a $117.00 price target (up from $107.00) on shares of Cintas Corporation in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $135.70.
About Cintas Corporation
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.
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