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

Cintas (NASDAQ:CTAS) issued its quarterly earnings results on Wednesday. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08, Briefing.com reports. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $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 Trading Up 9.3 %

Cintas stock opened at $211.51 on Wednesday. Cintas has a 52-week low of $158.10 and a 52-week high of $228.12. The company has a market cap 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. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $200.57 and a two-hundred day simple moving average of $208.92.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s dividend payout ratio is 37.59%.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of analyst reports. Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. UBS Group reduced their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group dropped their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company reduced their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Finally, Truist Financial dropped their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Cintas presently has an average rating of “Hold” and an average target price of $199.79.

Hedge Funds Weigh In On Cintas

An institutional investor recently raised its position in Cintas stock. Brighton Jones LLC raised its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,268 shares of the business services provider’s stock after acquiring an additional 108 shares during the quarter. Brighton Jones LLC’s holdings in Cintas were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 63.46% of the stock is currently owned by institutional investors and hedge funds.

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.