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

• Cintas Corporation reported quarterly adjusted earnings of $1.39​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of $1.09. The mean expectation of nineteen analysts for the quarter was for earnings of $1.24 per share. Wall Street expected results to range from $1.30 to $1.40 per share.

• Revenue rose 13% to $2.91 billion from a year ago; analysts expected $2.87 billion.

• Cintas Corporation's reported EPS for the quarter was $1.36​.

• The company reported quarterly net income of $510.99 million.

• Cintas Corporation shares had risen by 16.9% this quarter and gained 5.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, nineteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for Cintas Corporation is $219.50, about 9.4% above its last closing price of $198.80

This summary was machine generated from LSEG data September 23 at 02:12 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)