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

Cintas (NASDAQ:CTAS) released its earnings results on Wednesday. The business services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08, Briefing.com reports. The firm had revenue of $2.61 billion during 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 was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business 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 Up 0.8 %

NASDAQ:CTAS opened at $206.25 on Friday. Cintas has a 1 year low of $162.16 and a 1 year high of $228.12. The stock has a 50-day moving average price of $200.91 and a two-hundred day moving average price of $208.87. The stock has a market cap of $83.23 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 3.98 and a beta of 1.41. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas’s dividend payout ratio is presently 36.11%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley upped their price target on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday. Robert W. Baird lifted their price objective on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday. Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $207.57.

Institutional Trading of Cintas

An institutional investor recently raised its position in Cintas stock. Brighton Jones LLC grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 9.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,268 shares of the business services provider’s stock after purchasing an additional 108 shares during the quarter. Brighton Jones LLC’s holdings in Cintas were worth $232,000 at the end of the most recent quarter. Institutional investors 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.