Cintas (CTAS) Issues FY 2019 Earnings Guidance

Cintas (NASDAQ:CTAS) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $7.42-7.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.34. The company issued revenue guidance of $6.87-6.885 billion, compared to the consensus revenue estimate of $6.89 billion.

CTAS stock traded up $2.93 during mid-day trading on Thursday, hitting $208.12. 835,421 shares of the company were exchanged, compared to its average volume of 503,575. The firm has a market cap of $21.45 billion, a P/E ratio of 35.04, a P/E/G ratio of 2.30 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.99 and a quick ratio of 1.70. Cintas has a twelve month low of $155.98 and a twelve month high of $217.34.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 20th. The business services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.04. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Cintas had a net margin of 14.10% and a return on equity of 24.87%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS. On average, sell-side analysts expect that Cintas will post 7.35 EPS for the current year.

CTAS has been the subject of several research reports. Morgan Stanley decreased their price target on shares of Cintas from $167.00 to $163.00 and set an underweight rating for the company in a report on Tuesday, January 8th. Bank of America raised shares of Cintas from a neutral rating to a buy rating and set a $166.50 price target for the company in a report on Thursday, January 3rd. They noted that the move was a valuation call. Royal Bank of Canada initiated coverage on shares of Cintas in a report on Monday, November 26th. They issued an outperform rating for the company. BidaskClub raised shares of Cintas from a buy rating to a strong-buy rating in a report on Thursday, January 24th. Finally, Robert W. Baird decreased their price target on shares of Cintas from $235.00 to $201.00 and set an outperform rating for the company in a report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $190.77.

In related news, Director Ronald W. Tysoe sold 3,000 shares of Cintas stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $201.64, for a total value of $604,920.00. Following the sale, the director now directly owns 5,667 shares in the company, valued at approximately $1,142,693.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Lawrence Thompson sold 1,000 shares of Cintas stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $200.60, for a total transaction of $200,600.00. Following the completion of the sale, the insider now owns 64,165 shares in the company, valued at $12,871,499. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,740 shares of company stock worth $1,156,635. 19.10% of the stock is currently owned by insiders.

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About Cintas

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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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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