Cintas (NASDAQ:CTAS) Releases FY20 Earnings Guidance
Cintas (NASDAQ:CTAS) issued an update on its FY20 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 $7.28 billion.Cintas also updated its FY 2020 guidance to $8.30-8.45 EPS.
Shares of Cintas stock opened at $260.37 on Thursday. The company has a market cap of $25.04 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.89 and a current ratio of 2.24. Cintas has a 1 year low of $155.98 and a 1 year high of $262.00. The stock has a 50-day simple moving average of $234.78.
Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Tuesday, July 16th. The business services provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.78 billion. Cintas had a net margin of 12.80% and a return on equity of 26.39%. Cintas’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $1.77 EPS. Equities analysts anticipate that Cintas will post 8.3 EPS for the current fiscal year.
In other Cintas news, Director Joseph Scaminace sold 6,255 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $222.20, for a total value of $1,389,861.00. Following the sale, the director now owns 7,973 shares in the company, valued at approximately $1,771,600.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 19.10% of the company’s stock.
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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