Cintas (NASDAQ:CTAS) Posts Earnings Results

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

Cintas Trading Down 1.9 %

Shares of CTAS stock opened at $204.39 on Thursday. The business’s fifty day moving average price is $215.20 and its 200 day moving average price is $203.00. The firm has a market capitalization of $82.43 billion, a PE ratio of 51.61, a P/E/G ratio of 4.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. Cintas has a 1-year low of $138.39 and a 1-year high of $228.12.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were paid a $0.39 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is presently 39.39%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Robert W. Baird increased their price target on shares of Cintas from $194.00 to $209.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. UBS Group lifted their target price on Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Truist Financial increased their price target on Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $200.77.

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.