Cintas Corporation (NASDAQ:CTAS) provider of corporate identity uniforms and services, is expected to report fourth quarter earnings results, before market open, on Thursday 23rd July 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 1.21 per share.
Looking ahead, the full year income are expected at $ 7.95 per share on the revenues of $ 7024.66 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 7,290.00 million ~ $ 7,330.00 million, where as bottomline are predicted in a range of $ 8.65 ~ $ 8.75 per share
Click Here For More Historical Outlooks Of Cintas Corporation
Previous Quarter Performance
Cintas Corporation posted income for the third quarter of $ 2.16 per share, from the revenue of $ 1,811.00 million. The quarterly earnings grew 17.39 percent compared with the same quarter last year. Wall street analysts are predicting, CTAS to report 3Q20 income of $ 2.02 per share from revenue of $ 1803.76 million. The bottom line results beat street analysts by $ 0.14 or 6.93 percent, at the same time, top line results outshined analysts by $ 7.24 million or 0.40 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Cintas Corporation
Stock Performance
According to the previous trading day, closing price of CTAS was $ 289.36, representing a 87.49 % increase from the 52 week low of $ 154.33 and a 5.07 % decrease over the 52 week high of $ 304.81.
The company has a market capital of $ 30.11 billion and is part of the Industrials sector and Business Services industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”CTAS” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
On 10th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 190.00 target price.
On 11th June 2020, maintained by RBC Capital at Outperform rating, with $ 318.00 target price.
On 27th May 2020, downgraded by Bank of America to Neutral from Buy rating.
Conference Call
Cintas Corporation will be hosting a conference call at 10:00 AM eastern time on 23rd July 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cintas.com
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.
