Cintas (NASDAQ:CTAS) Posts Earnings Results, Beats Estimates By $0.08 EPS

Cintas (NASDAQ:CTAS) released its quarterly earnings results on Wednesday. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08, Briefing.com reports. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.84 EPS. Cintas updated its FY25 guidance to $4.36-4.40 EPS.

Cintas Stock Performance

Cintas stock opened at $193.46 on Wednesday. The stock has a market cap of $78.07 billion, a price-to-earnings ratio of 46.64, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm has a 50 day simple moving average of $200.57 and a 200-day simple moving average of $208.92. Cintas has a 1-year low of $158.10 and a 1-year high of $228.12.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.81%. Cintas’s payout ratio is 37.59%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CTAS shares. Wells Fargo & Company cut their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Morgan Stanley boosted their price objective on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Citigroup assumed coverage on Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. The Goldman Sachs Group lowered their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Truist Financial decreased their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $199.79.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cintas stock. Brighton Jones LLC grew its holdings in Cintas Co. (NASDAQ:CTAS) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,268 shares of the business services provider’s stock after purchasing an additional 108 shares during the period. Brighton Jones LLC’s holdings in Cintas were worth $232,000 as of its most recent filing with the Securities & Exchange Commission. 63.46% of the stock is owned by institutional investors and hedge funds.

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.