Cintas Corp reports results for the quarter ended May 31 - Earnings Summary

• Cintas Corp CTAS reported quarterly adjusted earnings of $1.09​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of $1.00. The mean expectation of sixteen analysts for the quarter was for earnings of $1.07 per share. Wall Street expected results to range from $1.05 to $1.09 per share.

• Revenue rose 8% to $2.67 billion from a year ago; analysts expected $2.63 billion.

• Cintas Corp's reported EPS for the quarter was $1.09​.

• The company reported quarterly net income of $448.26 million.

• Cintas Corp shares had fallen by 4.0% this quarter and gained 17.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy," 9 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the business support services peer group is "buy."

• Wall Street's median 12-month price target for Cintas Corp is $221.00, about 3.2% above its last closing price of $214.02

This summary was machine generated from LSEG data July 17 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)