Cintas (NASDAQ:CTAS) Announces Quarterly Earnings Results

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

Cintas Stock Down 1.5 %

Shares of NASDAQ CTAS traded down $3.03 during midday trading on Friday, hitting $203.22. 1,684,835 shares of the company's stock were exchanged, compared to its average volume of 1,631,493. The firm's fifty day simple moving average is $201.01 and its 200-day simple moving average is $208.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a market cap of $82.01 billion, a PE ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41. Cintas has a twelve month low of $162.16 and a twelve month high of $228.12.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given 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 0.77%. Cintas's dividend payout ratio is currently 36.11%.

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Analyst Ratings Changes

CTAS has been the topic of several recent analyst reports. UBS Group upped their price target on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday. Citigroup started coverage on shares of Cintas in a report on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective on the stock. The Goldman Sachs Group raised their price target on Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research report on Thursday. Morgan Stanley boosted their price objective on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, Robert W. Baird boosted their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Cintas has an average rating of "Hold" and an average target price of $210.58.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cintas stock. Brighton Jones LLC raised its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,268 shares of the business services provider's stock after acquiring 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.

Cintas Company Profile

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.