Brokerages expect Cintas Co. (NASDAQ:CTAS) to announce earnings per share (EPS) of $1.24 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Cintas’ earnings, with the lowest EPS estimate coming in at $1.19 and the highest estimate coming in at $1.28. Cintas reported earnings per share of $1.11 in the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The business is expected to announce its next earnings report on Wednesday, March 28th.

On average, analysts expect that Cintas will report full-year earnings of $5.45 per share for the current fiscal year, with EPS estimates ranging from $5.42 to $5.48. For the next fiscal year, analysts expect that the firm will post earnings of $6.53 per share, with EPS estimates ranging from $5.95 to $7.30. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Cintas.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the firm posted $1.15 earnings per share. Cintas’s revenue was up 26.4% compared to the same quarter last year.

Several research firms recently commented on CTAS. Morgan Stanley increased their price objective on Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Tuesday, December 19th. KeyCorp reaffirmed an “overweight” rating and set a $174.00 price objective (up from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a research report on Friday, December 22nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $185.00 price objective (up from $165.00) on shares of Cintas in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $155.91.

In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 141,328 shares of the company’s stock, valued at $22,742,501.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 18.90% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Artisan Partners Limited Partnership boosted its position in Cintas by 29.1% in the third quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock worth $255,645,000 after purchasing an additional 398,874 shares during the last quarter. Egerton Capital UK LLP bought a new position in shares of Cintas in the fourth quarter worth about $239,268,000. Janus Henderson Group PLC raised its stake in shares of Cintas by 10,719.0% in the second quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock worth $140,318,000 after buying an additional 1,102,989 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Cintas by 1.4% in the third quarter. Frontier Capital Management Co. LLC now owns 1,046,259 shares of the business services provider’s stock worth $150,954,000 after buying an additional 14,223 shares during the period. Finally, Congress Asset Management Co. MA raised its stake in shares of Cintas by 3.3% in the fourth quarter. Congress Asset Management Co. MA now owns 992,320 shares of the business services provider’s stock worth $154,633,000 after buying an additional 32,155 shares during the period. 66.58% of the stock is currently owned by institutional investors and hedge funds.

Cintas (NASDAQ CTAS) traded up $3.41 during trading on Monday, hitting $152.73. The company had a trading volume of 991,331 shares, compared to its average volume of 569,131. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. Cintas has a 12 month low of $115.17 and a 12 month high of $169.96. The stock has a market capitalization of $15,900.91, a PE ratio of 30.42, a PEG ratio of 2.28 and a beta of 0.91.

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Cintas Company Profile

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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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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