Cintas Co. (NASDAQ:CTAS) Expected to Announce Quarterly Sales of $1.82 Billion


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Brokerages forecast that Cintas Co. (NASDAQ:CTAS) will report sales of $1.82 billion for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Cintas’ earnings, with the highest sales estimate coming in at $1.83 billion and the lowest estimate coming in at $1.82 billion. Cintas reported sales of $1.62 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 12.3%. The company is expected to announce its next earnings results on Thursday, July 22nd.

On average, analysts expect that Cintas will report full year sales of $7.10 billion for the current fiscal year, with estimates ranging from $7.08 billion to $7.11 billion. For the next year, analysts expect that the business will post sales of $7.66 billion, with estimates ranging from $7.57 billion to $7.78 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Cintas.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, March 16th. The business services provider reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.15. Cintas had a net margin of 13.90% and a return on equity of 28.02%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the business posted $2.16 earnings per share. Cintas’s revenue was down 1.9% compared to the same quarter last year.

A number of brokerages have recently weighed in on CTAS. Morgan Stanley lifted their price target on shares of Cintas from $324.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 24th. William Blair raised shares of Cintas from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $329.78.

Shares of NASDAQ CTAS traded up $0.16 during midday trading on Thursday, reaching $350.78. 385,101 shares of the stock were exchanged, compared to its average volume of 435,812. The business has a 50-day simple moving average of $346.39 and a two-hundred day simple moving average of $344.14. The company has a market capitalization of $36.84 billion, a price-to-earnings ratio of 39.37, a P/E/G ratio of 3.53 and a beta of 1.49. Cintas has a 12 month low of $197.13 and a 12 month high of $369.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.06 and a quick ratio of 1.70.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Saturday, May 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $3.00 annualized dividend and a yield of 0.86%. Cintas’s payout ratio is currently 36.99%.

Hedge funds have recently modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new stake in Cintas in the 4th quarter valued at $26,000. Phoenix Wealth Advisors acquired a new position in shares of Cintas during the 4th quarter worth about $28,000. Childress Capital Advisors LLC acquired a new position in shares of Cintas during the 4th quarter worth about $30,000. Alpha Paradigm Partners LLC acquired a new position in shares of Cintas during the 4th quarter worth about $30,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of Cintas during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 64.08% of the company’s stock.

About Cintas

Cintas Corp. engages in the provision of corporate identity uniform through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, All Other, and Corporate. The Uniform Rental and Facility Services segment consists of rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.

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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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