MASON (dpa-AFX) - Cintas Corp. (CTAS) announced the company expects fiscal 2017 revenue to be in the range of $5.150 billion to $5.225 billion and EPS from continuing operations to be in the range of $4.35 to $4.45. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.3 on revenue of $5.18 billion. Analysts' estimates typically exclude special items.
Scott Farmer, Cintas' CEO, stated, 'This guidance does not include any potential deterioration in the U.S. economy or share buybacks. It does include our expectations for our continued SAP system implementation and the impact of one less workday in fiscal 2017 compared to fiscal 2016.'
Earnings per share from continuing operations for the fourth quarter of fiscal 2016 were $1.08 compared to $0.86 for last year's fourth quarter. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $1.0 for the quarter.
Revenue for the fourth quarter of fiscal year 2016 was $1.27 billion, an increase of 11.3% over the prior year period. Organic growth, which adjusts for the impacts of acquisitions, foreign currency exchange rate fluctuations and workday differences, was 6.7%. Analysts expected revenue of $1.25 billion, for the quarter.
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