Cintas (NASDAQ:CTAS) Announces Quarterly Earnings Results

by · The Markets Daily

Cintas (NASDAQ:CTAS – Get Free Report) issued its quarterly earnings data on Thursday. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08, Briefing.com reports. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $3.61 EPS. Cintas updated its FY25 guidance to $4.28-4.34 EPS and its FY 2025 guidance to 4.280-4.340 EPS.

Cintas Price Performance

Cintas stock opened at $186.94 on Friday. Cintas has a 12-month low of $142.18 and a 12-month high of $228.12. The stock has a market capitalization of $75.39 billion, a P/E ratio of 47.21, 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. The firm’s 50-day moving average is $214.31 and its two-hundred day moving average is $202.98.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were issued 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 0.83%. Cintas’s payout ratio is 39.39%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CTAS. Robert W. Baird lowered their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday. Morgan Stanley raised their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research note on Friday. Truist Financial reduced their price objective on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday. Finally, Jefferies Financial Group decreased their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Cintas currently has an average rating of “Hold” and an average target price of $195.90.

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About Cintas

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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.

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