Cintas (NASDAQ:CTAS) Issues FY25 Earnings Guidance

Cintas (NASDAQ:CTAS) issued an update on its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.36-4.40 for the period, compared to the consensus earnings per share estimate of $4.32. The company issued revenue guidance of $10.280-10.305 billion, compared to the consensus revenue estimate of $10.29 billion. Cintas also updated its FY 2025 guidance to 4.360-4.400 EPS.

Cintas Stock Performance

Shares of CTAS opened at $193.46 on Wednesday. The stock has a 50 day moving average of $200.57 and a 200 day moving average of $208.92. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas has a 12 month low of $158.10 and a 12 month high of $228.12. The company has a market capitalization of $78.07 billion, a price-to-earnings ratio of 46.64, a PEG ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.84 EPS. As a group, sell-side analysts forecast that Cintas will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently announced 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio is currently 37.59%.

Wall Street Analyst Weigh In

Several research firms recently commented on CTAS. Wells Fargo & Company dropped their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Truist Financial cut their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley boosted their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. Finally, Citigroup initiated coverage on shares of Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $199.79.

Institutional Trading of Cintas

An institutional investor recently raised its position in Cintas stock. Brighton Jones LLC boosted its position in Cintas Co. (NASDAQ:CTAS) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 & Exchange Commission. 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.