Cintas (NASDAQ:CTAS) Announces Quarterly Earnings Results

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 business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.84 EPS. Cintas updated its FY25 guidance to $4.36-4.40 EPS.

Cintas Trading Down 0.6 %

CTAS opened at $193.46 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas has a one year low of $158.10 and a one year high of $228.12. The company has a market cap of $78.07 billion, a P/E ratio of 46.64, a PEG ratio of 3.98 and a beta of 1.41. The business’s 50-day simple moving average is $200.57 and its 200-day simple moving average is $208.92.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is 37.59%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Wells Fargo & Company decreased their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Citigroup initiated coverage on Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. UBS Group reduced their price target on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Morgan Stanley lifted their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $199.79.

Hedge Funds Weigh In On Cintas

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

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.