Cintas (NASDAQ:CTAS) Updates FY25 Earnings Guidance

Cintas (NASDAQ:CTAS) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.17-4.25 for the period, compared to the consensus earnings per share estimate of $4.17. The company issued revenue guidance of $10.22-10.32 billion, compared to the consensus revenue estimate of $10.27 billion. Cintas also updated its FY 2025 guidance to 4.170-4.250 EPS.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $207.21 on Thursday. The stock’s 50-day simple moving average is $207.74 and its two-hundred day simple moving average is $183.33. Cintas has a twelve month low of $118.68 and a twelve month high of $209.59. The firm has a market capitalization of $21.02 billion, a P/E ratio of 14.31, a P/E/G ratio of 4.09 and a beta of 1.32. The company has a quick ratio of 1.52, a current ratio of 1.74 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.05. Cintas had a net margin of 16.38% and a return on equity of 37.82%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the business earned $0.83 earnings per share. Cintas’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that Cintas will post 4.16 EPS for the current fiscal year.

Cintas Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Thursday, August 15th. Cintas’s dividend payout ratio is currently 10.77%.

Cintas declared that its board has approved a share buyback plan on Tuesday, July 23rd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Robert W. Baird reaffirmed a neutral rating and set a $193.75 price target (up previously from $187.50) on shares of Cintas in a research note on Friday, July 19th. Morgan Stanley boosted their target price on Cintas from $143.75 to $156.25 and gave the stock an equal weight rating in a research report on Friday, July 19th. Stifel Nicolaus increased their price target on shares of Cintas from $166.75 to $199.50 and gave the company a hold rating in a research report on Friday, July 19th. Baird R W downgraded shares of Cintas from a strong-buy rating to a hold rating in a research note on Friday, July 19th. Finally, UBS Group upped their price objective on shares of Cintas from $197.50 to $218.50 and gave the company a buy rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cintas currently has a consensus rating of Hold and a consensus price target of $186.30.

Insiders Place Their Bets

In related news, Director Gerald S. Adolph sold 4,400 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $191.43, for a total transaction of $842,292.00. Following the completion of the transaction, the director now owns 125,808 shares in the company, valued at $24,083,425.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 15.10% of the company’s stock.

Cintas Company Profile

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.