Cintas (NASDAQ:CTAS) Releases Earnings Results

Cintas (NASDAQ:CTAS) posted its earnings results on Thursday. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08, Briefing.com reports. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.61 earnings per share. Cintas updated its FY25 guidance to $4.28-4.34 EPS.

Cintas Stock Down 1.9 %

CTAS stock opened at $204.39 on Thursday. The business’s 50-day simple moving average is $215.20 and its 200 day simple moving average is $203.00. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The company has a market cap of $82.43 billion, a PE ratio of 51.61, a price-to-earnings-growth ratio of 4.15 and a beta of 1.33. Cintas has a twelve month low of $138.39 and a twelve month high of $228.12.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Friday, November 15th. Cintas’s dividend payout ratio is currently 39.39%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a research report on Thursday, September 26th. Barclays upped their price objective on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Jefferies Financial Group lowered their target price on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada raised their price target on Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Cintas has an average rating of “Hold” and a consensus price target of $200.77.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.