Cintas (CTAS) to Release Earnings on Wednesday

Cintas (NASDAQ:CTAS) is expected to issue its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $1.05 per share and revenue of $2.60 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.61 EPS. On average, analysts expect Cintas to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Cintas Stock Performance

Cintas stock opened at $191.17 on Monday. The company has a market cap of $77.15 billion, a PE ratio of 46.09, a P/E/G ratio of 3.98 and a beta of 1.41. Cintas has a 12 month low of $158.10 and a 12 month high of $228.12. The company has a fifty day moving average price of $200.46 and a two-hundred day moving average price of $208.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Institutional Trading of Cintas

A hedge fund recently raised its stake in Cintas stock. Brighton Jones LLC boosted its holdings in Cintas Co. (NASDAQ:CTAS) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,268 shares of the business services provider’s stock after acquiring an additional 108 shares during the quarter. Brighton Jones LLC’s holdings in Cintas were worth $232,000 as of its most recent SEC filing. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CTAS shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Wells Fargo & Company cut their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Citigroup started coverage on Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price objective for the company. UBS Group cut their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Morgan Stanley upped their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $199.79.

Cintas Company Profile

Cintas Corporation engages in the provision of 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.