Zacks Research Issues Positive Forecast for Cintas Earnings

Cintas Co. (NASDAQ:CTAS) – Analysts at Zacks Research increased their FY2027 EPS estimates for Cintas in a note issued to investors on Thursday, December 12th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings per share of $5.00 for the year, up from their prior estimate of $4.99. The consensus estimate for Cintas’ current full-year earnings is $4.23 per share.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.10. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.49 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $3.70 EPS.

CTAS has been the subject of a number of other reports. UBS Group lifted their price objective on Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Jefferies Financial Group cut their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a report on Thursday, September 26th. Truist Financial upped their price objective on shares of Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Robert W. Baird lifted their target price on shares of Cintas from $194.00 to $209.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, Morgan Stanley boosted their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $200.77.

Cintas Stock Down 0.2 %

Shares of Cintas stock opened at $211.22 on Friday. The business has a 50-day moving average price of $215.13 and a 200 day moving average price of $202.15. Cintas has a fifty-two week low of $138.39 and a fifty-two week high of $228.12. The firm has a market cap of $85.19 billion, a P/E ratio of 53.34, a P/E/G ratio of 4.15 and a beta of 1.33. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50.

Institutional Investors Weigh In On Cintas

Several institutional investors have recently modified their holdings of CTAS. Blue Trust Inc. grew its holdings in Cintas by 269.4% during the 2nd quarter. Blue Trust Inc. now owns 410 shares of the business services provider’s stock worth $282,000 after acquiring an additional 299 shares during the period. Franklin Street Advisors Inc. NC bought a new stake in Cintas in the second quarter valued at about $15,236,000. Unique Wealth LLC bought a new stake in Cintas in the second quarter valued at about $246,000. Sumitomo Life Insurance Co. lifted its stake in Cintas by 35.3% in the second quarter. Sumitomo Life Insurance Co. now owns 4,290 shares of the business services provider’s stock valued at $3,004,000 after buying an additional 1,119 shares during the period. Finally, Oakworth Capital Inc. boosted its holdings in Cintas by 187.5% during the second quarter. Oakworth Capital Inc. now owns 230 shares of the business services provider’s stock worth $161,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 15th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.74%. Cintas’s payout ratio is presently 39.39%.

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.