Cintas (NASDAQ:CTAS) Issues Quarterly Earnings Results

Cintas (NASDAQ:CTAS) released its quarterly earnings data on Wednesday. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05, FiscalAI reports. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. Cintas updated its FY 2027 guidance to 5.360-5.500 EPS.

Cintas Stock Performance

NASDAQ CTAS opened at $184.33 on Wednesday. The stock has a market capitalization of $73.75 billion, a price-to-earnings ratio of 52.07, a PEG ratio of 2.93 and a beta of 0.94. Cintas has a twelve month low of $161.16 and a twelve month high of $226.75. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $173.67 and a 200 day moving average of $182.56.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus dropped their target price on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Truist Financial lowered their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Citigroup cut their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. Finally, Bank of America decreased their target price on shares of Cintas from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $211.25.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the sale, the director directly owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Institutional Investors Weigh In On Cintas

A number of institutional investors have recently added to or reduced their stakes in the stock. Swiss RE Ltd. acquired a new position in Cintas during the fourth quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Cintas during the fourth quarter worth about $26,000. Meeder Asset Management Inc. raised its position in shares of Cintas by 226.7% during the 4th quarter. Meeder Asset Management Inc. now owns 147 shares of the business services provider’s stock worth $28,000 after purchasing an additional 102 shares during the last quarter. Triumph Capital Management purchased a new position in Cintas in the 3rd quarter valued at about $29,000. Finally, Prosperity Bancshares Inc acquired a new stake in Cintas in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.