Cintas (NASDAQ:CTAS) Releases FY25 Earnings Guidance

Cintas (NASDAQ:CTAS) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.17-4.25 for the period, compared to the consensus 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 Trading Up 0.4 %

Shares of CTAS stock opened at $204.85 on Wednesday. Cintas has a 1 year low of $118.68 and a 1 year high of $209.12. The company’s fifty day simple moving average is $207.74 and its two-hundred day simple moving average is $183.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.74 and a quick ratio of 1.52. The stock has a market capitalization of $82.61 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 4.09 and a beta of 1.32.

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

Cintas Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, August 15th. Cintas’s payout ratio is currently 10.77%.

Cintas declared that its board has approved a share buyback program on Tuesday, July 23rd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

CTAS has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Cintas from $143.75 to $156.25 and gave the stock an equal weight rating in a report on Friday, July 19th. UBS Group lifted their price objective on Cintas from $197.50 to $218.50 and gave the company a buy rating in a research note on Friday, July 19th. Redburn Atlantic began coverage on Cintas in a research note on Friday, August 9th. They set a neutral rating and a $167.50 price objective for the company. Robert W. Baird reissued a neutral rating and set a $193.75 price objective (up previously from $187.50) on shares of Cintas in a research note on Friday, July 19th. Finally, Barclays dropped their price objective on Cintas from $850.00 to $210.00 and set an overweight rating for the company in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $186.30.

Insider Transactions at Cintas

In other news, Director Gerald S. Adolph sold 4,400 shares of Cintas stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $191.43, for a total value of $842,292.00. Following the transaction, the director now owns 125,808 shares in the company, valued at $24,083,425.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 15.10% of the company’s stock.

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.