Cintas (CTAS) to Release Quarterly Earnings on Wednesday

Cintas (NASDAQ:CTAS) is projected to announce its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $1.05 per share and revenue of $2.60 billion for the quarter. Cintas has set its FY25 guidance at $4.28-4.34 EPS and its FY 2025 guidance at 4.280-4.340 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $3.61 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect Cintas to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Cintas Stock Down 0.9 %

Shares of NASDAQ:CTAS opened at $193.41 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas has a 12 month low of $155.89 and a 12 month high of $228.12. The company has a 50-day moving average price of $200.31 and a 200 day moving average price of $209.11. The company has a market cap of $78.05 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 3.98 and a beta of 1.41.

Cintas Announces Dividend

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cintas stock. Brighton Jones LLC increased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC). Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group reduced their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company reduced their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. Morgan Stanley raised their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Citigroup assumed coverage on shares of Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 target price on the stock. Two 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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $199.79.

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.