Cintas (NASDAQ:CTAS) Issues FY25 Earnings Guidance

Cintas (NASDAQ:CTAS) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $16.25-16.75 for the period, compared to the consensus EPS estimate of $16.53.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CTAS shares. Oppenheimer restated a market perform rating on shares of Cintas in a research report on Monday, April 1st. Bank of America raised their price target on Cintas from $700.00 to $790.00 and gave the stock a buy rating in a research note on Thursday, March 28th. Royal Bank of Canada lowered Cintas from an outperform rating to a sector perform rating and set a $725.00 price target for the company. in a research note on Monday. Truist Financial raised their price objective on Cintas from $660.00 to $775.00 and gave the company a buy rating in a research report on Thursday, March 28th. Finally, Citigroup lowered Cintas from a neutral rating to a sell rating and raised their price objective for the company from $530.00 to $570.00 in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $710.55.

Cintas Price Performance

Shares of CTAS stock opened at $719.78 on Thursday. Cintas has a twelve month low of $474.74 and a twelve month high of $727.04. The stock has a market capitalization of $73.03 billion, a price-to-earnings ratio of 49.71, a P/E/G ratio of 3.68 and a beta of 1.31. The stock has a fifty day simple moving average of $697.83 and a two-hundred day simple moving average of $655.52. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58.

Cintas’s stock is going to split on the morning of Thursday, September 12th. The 4-1 split was announced on Thursday, May 2nd. The newly created shares will be issued to shareholders after the market closes on Wednesday, September 11th.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 2,291 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $693.95, for a total value of $1,589,839.45. Following the sale, the director now directly owns 6,655 shares of the company’s stock, valued at $4,618,237.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Jim Rozakis sold 1,318 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $693.71, for a total value of $914,309.78. Following the transaction, the chief operating officer now owns 59,770 shares of the company’s stock, valued at approximately $41,463,046.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 2,291 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $693.95, for a total value of $1,589,839.45. Following the completion of the sale, the director now owns 6,655 shares in the company, valued at approximately $4,618,237.25. The disclosure for this sale can be found here. 15.10% of the stock is owned by corporate insiders.

About Cintas

Cintas Corporation provides 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.