Cintas's Earnings Beat Last Year's by 15%
Cintas (NAS: CTAS) reported earnings on Sep. 20. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Aug. 31 (Q1), Cintas met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins grew, net margins grew.
Cintas booked revenue of $1.05 billion. The 10 analysts polled by S&P Capital IQ predicted sales of $1.06 billion on the same basis. GAAP reported sales were 3.4% higher than the prior-year quarter's $1.02 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.60. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.58 per share. GAAP EPS of $0.60 for Q1 were 15% higher than the prior-year quarter's $0.52 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.4%, 80 basis points worse than the prior-year quarter. Operating margin was 13.2%, 60 basis points better than the prior-year quarter. Net margin was 7.3%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.06 billion. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $4.28 billion. The average EPS estimate is $2.55.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 360 members out of 382 rating the stock outperform, and 22 members rating it underperform. Among 148 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 145 give Cintas a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cintas is hold, with an average price target of $40.75.
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The article Cintas's Earnings Beat Last Year's by 15% originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Cintas. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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