Cintas (CTAS) Projected to Post Earnings on Wednesday

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

Cintas Price Performance

Shares of NASDAQ CTAS opened at $194.57 on Tuesday. Cintas has a twelve month low of $158.10 and a twelve month high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $200.54 and a two-hundred day moving average of $208.93. The company has a market capitalization of $78.52 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 3.98 and a beta of 1.41.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, February 14th. Cintas’s payout ratio is 37.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CTAS shares. Citigroup began coverage on Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective for the company. Wells Fargo & Company decreased their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. UBS Group reduced their price objective on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group cut their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Morgan Stanley raised their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Cintas presently has an average rating of “Hold” and a consensus price target of $199.79.

Institutional Investors Weigh In On Cintas

An institutional investor recently raised its position in Cintas stock. Brighton Jones LLC boosted its position in Cintas Co. (NASDAQ:CTAS) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,268 shares of the business services provider’s stock after buying an additional 108 shares during the quarter. Brighton Jones LLC’s holdings in Cintas were worth $232,000 at the end of the most recent reporting period. Institutional investors own 63.46% of the company’s stock.

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.