Wall Street brokerages expect Cintas Co. (NASDAQ:CTAS – Get Rating) to report sales of $2.00 billion for the current quarter, Zacks reports. Six analysts have provided estimates for Cintas’ earnings. The lowest sales estimate is $1.99 billion and the highest is $2.02 billion. Cintas posted sales of $1.84 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The business is scheduled to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Cintas will report full year sales of $7.78 billion for the current fiscal year, with estimates ranging from $7.77 billion to $7.80 billion. For the next financial year, analysts anticipate that the business will report sales of $8.31 billion, with estimates ranging from $8.25 billion to $8.40 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Cintas.
Cintas (NASDAQ:CTAS – Get Rating) last posted its earnings results on Wednesday, March 23rd. The business services provider reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.22. Cintas had a return on equity of 34.05% and a net margin of 15.88%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the firm earned $2.37 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year.
In other Cintas news, CAO Michael Lawrence Thompson sold 12,500 shares of the company’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $423.24, for a total value of $5,290,500.00. Following the sale, the chief accounting officer now owns 28,933 shares of the company’s stock, valued at $12,245,602.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Michael Hansen sold 8,200 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $424.23, for a total value of $3,478,686.00. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the company. JNBA Financial Advisors purchased a new position in Cintas during the third quarter worth about $27,000. Asset Dedication LLC purchased a new position in Cintas during the first quarter worth about $32,000. HWG Holdings LP purchased a new position in Cintas during the fourth quarter worth about $35,000. Riverview Trust Co purchased a new position in Cintas during the first quarter worth about $35,000. Finally, Fortis Advisors LLC purchased a new position in Cintas during the third quarter worth about $38,000. Institutional investors and hedge funds own 65.09% of the company’s stock.
Shares of NASDAQ CTAS traded up $8.81 during midday trading on Monday, reaching $375.97. 429,748 shares of the company were exchanged, compared to its average volume of 454,714. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. Cintas has a 1 year low of $338.00 and a 1 year high of $461.44. The stock has a fifty day simple moving average of $402.45 and a 200 day simple moving average of $409.22. The stock has a market cap of $38.47 billion, a P/E ratio of 33.24, a PEG ratio of 3.07 and a beta of 1.48.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Monday, May 16th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, May 13th. Cintas’s dividend payout ratio (DPR) is 33.60%.
Cintas Company Profile (Get Rating)
Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other 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, as well as sells uniforms.
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