Cintas (NASDAQ:CTAS) Updates FY25 Earnings Guidance

Cintas (NASDAQ:CTAS) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.28-4.34 for the period, compared to the consensus estimate of $4.24. The company issued revenue guidance of $10.255-10.320 billion, compared to the consensus revenue estimate of $10.28 billion.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Morgan Stanley raised their target price on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. UBS Group boosted their price target on shares of Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Royal Bank of Canada raised their price objective on Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a research report on Thursday, September 26th. Finally, The Goldman Sachs Group boosted their target price on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $200.77.

Cintas Trading Down 6.8 %

Shares of CTAS traded down $13.82 during midday trading on Thursday, hitting $190.57. The stock had a trading volume of 631,129 shares, compared to its average volume of 1,479,730. Cintas has a 1 year low of $138.39 and a 1 year high of $228.12. 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 stock’s 50 day moving average is $215.20 and its 200 day moving average is $203.00. The firm has a market cap of $76.86 billion, a PE ratio of 48.12, a price-to-earnings-growth ratio of 4.15 and a beta of 1.33.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business earned $3.61 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, analysts forecast that Cintas will post 4.23 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.82%. Cintas’s dividend 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.