Cintas (NASDAQ:CTAS) Posts Earnings Results, Beats Estimates By $0.08 EPS

Cintas (NASDAQ:CTAS) posted its earnings results on Wednesday. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08, Briefing.com reports. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.84 earnings per share. Cintas updated its FY25 guidance to $4.36-4.40 EPS and its FY 2025 guidance to 4.360-4.400 EPS.

Cintas Price Performance

Shares of CTAS opened at $211.51 on Wednesday. The business’s 50-day moving average is $200.57 and its two-hundred day moving average is $208.92. The company has a market capitalization of $85.35 billion, a P/E ratio of 51.10, a P/E/G ratio of 3.98 and a beta of 1.41. Cintas has a fifty-two week low of $158.10 and a fifty-two week high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.74%. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CTAS shares. The Goldman Sachs Group decreased their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Morgan Stanley increased their price target on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Truist Financial lowered their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company cut their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Finally, Robert W. Baird reduced their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $199.79.

Institutional Trading of Cintas

An institutional investor recently raised its stake in Cintas stock. Brighton Jones LLC lifted its position in Cintas Co. (NASDAQ:CTAS) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

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.