Earnings Preview: Cintas

Cintas Corporation CTAS is set to report earnings tonight, and Wall Street will be looking forward to hearing how the country's largest uniform maker is dealing with cotton prices, as well as its outlook on employment in the country. At last check, shares were up 25 cents to $30.69, a gain of 0.8%, lagging the broader markets which are experiencing sharp gains on the back of strong earnings results. Wall Street analysts are looking for earnings of 44 cents per share on $967.49 million in revenues. This is up from last year, when the Cincinnati-based company reported earnings of 35 cents per share on $909.45 million in revenues. Wall Street is expecting the company to have earnings for next quarter come in at 44 cents per share on $984.59 million in revenues. Shares are trading at 16.8 times forward earnings, and sport a 1.6% dividend yield. Cintas Corporation provides corporate identity uniforms and related business services in North America and Latin America, Europe, and Asia.