Equities research analysts expect that Cintas Co. (NASDAQ:CTAS) will announce $1.75 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Cintas’ earnings, with the lowest sales estimate coming in at $1.72 billion and the highest estimate coming in at $1.76 billion. Cintas reported sales of $1.81 billion during the same quarter last year, which would suggest a negative year over year growth rate of 3.3%. The firm is expected to announce its next earnings results on Thursday, March 18th.
According to Zacks, analysts expect that Cintas will report full-year sales of $7.07 billion for the current financial year, with estimates ranging from $7.01 billion to $7.13 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $7.62 billion, with estimates ranging from $7.49 billion to $7.76 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Cintas.
Cintas (NASDAQ:CTAS) last announced its earnings results on Monday, December 21st. The business services provider reported $2.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.44. Cintas had a net margin of 13.90% and a return on equity of 28.02%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis.
Shares of NASDAQ CTAS traded down $2.99 on Thursday, reaching $337.51. 11,547 shares of the company’s stock traded hands, compared to its average volume of 474,992. Cintas has a 12 month low of $154.33 and a 12 month high of $369.20. The business’s 50 day simple moving average is $336.34 and its two-hundred day simple moving average is $338.07. The company has a market cap of $35.45 billion, a price-to-earnings ratio of 37.27, a price-to-earnings-growth ratio of 3.53 and a beta of 1.49. The company has a quick ratio of 1.70, a current ratio of 2.06 and a debt-to-equity ratio of 0.64.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Monday, February 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, February 11th. This represents a $3.00 annualized dividend and a yield of 0.89%. This is a boost from Cintas’s previous quarterly dividend of $0.70. Cintas’s dividend payout ratio (DPR) is currently 36.99%.
A number of hedge funds have recently modified their holdings of CTAS. Avantax Advisory Services Inc. purchased a new stake in Cintas in the third quarter worth approximately $491,000. Louisiana State Employees Retirement System boosted its holdings in Cintas by 22.2% in the third quarter. Louisiana State Employees Retirement System now owns 4,400 shares of the business services provider’s stock worth $1,464,000 after purchasing an additional 800 shares during the last quarter. Dowling & Yahnke LLC purchased a new stake in Cintas in the third quarter worth approximately $206,000. CWM LLC boosted its holdings in Cintas by 840.1% in the third quarter. CWM LLC now owns 2,134 shares of the business services provider’s stock worth $710,000 after purchasing an additional 1,907 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Cintas in the third quarter worth approximately $32,000. Institutional investors own 64.08% 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.
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