Brokerages forecast that Cintas Co. (NASDAQ:CTAS) will announce $1.78 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Cintas’ earnings. The highest EPS estimate is $1.88 and the lowest is $1.69. Cintas reported earnings per share of $1.48 in the same quarter last year, which would suggest a positive year over year growth rate of 20.3%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, September 25th.

According to Zacks, analysts expect that Cintas will report full year earnings of $7.09 per share for the current year, with EPS estimates ranging from $7.06 to $7.13. For the next year, analysts forecast that the company will report earnings of $8.01 per share, with EPS estimates ranging from $7.80 to $8.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Cintas.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, July 19th. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.67 by $0.10. Cintas had a net margin of 13.01% and a return on equity of 24.03%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $0.75 earnings per share. Cintas’s revenue was up 9.1% compared to the same quarter last year.

Several equities research analysts have commented on CTAS shares. Zacks Investment Research lowered shares of Cintas from a “buy” rating to a “hold” rating in a research note on Monday, May 28th. Morgan Stanley raised their price target on shares of Cintas from $152.00 to $158.00 and gave the company a “$192.53” rating in a research note on Wednesday, July 18th. Stifel Nicolaus raised their price target on shares of Cintas from $162.00 to $180.00 and gave the company a “hold” rating in a research note on Friday, July 20th. Robert W. Baird restated a “buy” rating and issued a $215.00 price target on shares of Cintas in a research note on Friday, July 20th. Finally, Barclays raised their price target on shares of Cintas from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $186.25.

Shares of NASDAQ:CTAS traded down $0.59 during trading hours on Monday, hitting $211.11. The stock had a trading volume of 471,100 shares, compared to its average volume of 498,806. Cintas has a 1-year low of $136.07 and a 1-year high of $217.34. The firm has a market capitalization of $23.01 billion, a P/E ratio of 35.54, a PEG ratio of 2.49 and a beta of 0.98. The company has a current ratio of 2.55, a quick ratio of 2.19 and a debt-to-equity ratio of 0.84.

Several institutional investors have recently bought and sold shares of CTAS. Brown Advisory Inc. bought a new position in shares of Cintas in the first quarter valued at approximately $247,027,000. Cornerstone Wealth Management LLC boosted its holdings in shares of Cintas by 18,267.8% in the second quarter. Cornerstone Wealth Management LLC now owns 766,673 shares of the business services provider’s stock valued at $4,064,000 after acquiring an additional 762,499 shares in the last quarter. Select Equity Group L.P. boosted its holdings in shares of Cintas by 589.5% in the first quarter. Select Equity Group L.P. now owns 423,725 shares of the business services provider’s stock valued at $72,279,000 after acquiring an additional 362,272 shares in the last quarter. FMR LLC boosted its holdings in shares of Cintas by 15.9% in the second quarter. FMR LLC now owns 2,507,776 shares of the business services provider’s stock valued at $464,114,000 after acquiring an additional 344,359 shares in the last quarter. Finally, Chilton Investment Co. LLC bought a new position in shares of Cintas in the first quarter valued at approximately $54,424,000. Institutional investors and hedge funds own 68.70% of the company’s stock.

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.

Further Reading: Moving Average (MA)

Get a free copy of the Zacks research report on Cintas (CTAS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Cintas (NASDAQ:CTAS)

Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.