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

Cintas (NASDAQ:CTAS - Get Free Report) announced its earnings results 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. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $3.61 earnings per share. The company's revenue was up 7.8% on a year-over-year basis. Cintas updated its FY25 guidance to $4.28-4.34 EPS and its FY 2025 guidance to 4.280-4.340 EPS.

Cintas Stock Down 10.6 %

Shares of NASDAQ:CTAS traded down $21.60 during trading on Thursday, hitting $182.79. 6,208,660 shares of the company's stock traded hands, compared to its average volume of 1,503,445. The company has a 50-day moving average price of $215.20 and a 200-day moving average price of $203.00. Cintas has a 52 week low of $138.39 and a 52 week high of $228.12. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The company has a market cap of $73.72 billion, a price-to-earnings ratio of 46.16, a price-to-earnings-growth ratio of 4.15 and a beta of 1.33.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, November 15th. Cintas's dividend payout ratio is currently 39.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Barclays lifted their price objective on Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Jefferies Financial Group cut their target price on shares of Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a research report on Thursday, September 26th. Truist Financial lifted their price target on shares of Cintas from $212.50 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday, September 17th. Finally, Robert W. Baird increased their price objective on shares of Cintas from $194.00 to $209.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $200.77.

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.