Cintas (NASDAQ:CTAS) Issues FY25 Earnings Guidance

Cintas (NASDAQ:CTAS) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $4.28-4.34 for the period, compared to the consensus EPS estimate of $4.24. The company issued revenue guidance of $10.255-10.320 billion, compared to the consensus revenue estimate of $10.28 billion.

Analysts Set New Price Targets

A number of analysts have commented on CTAS shares. Royal Bank of Canada lifted their price target on Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 26th. The Goldman Sachs Group upped their target price on Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley raised their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Truist Financial boosted their price target on Cintas from $212.50 to $225.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Finally, Jefferies Financial Group decreased their target price on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $200.77.

Cintas Trading Down 6.8 %

Shares of CTAS traded down $13.82 during mid-day trading on Thursday, reaching $190.57. The stock had a trading volume of 631,129 shares, compared to its average volume of 1,479,730. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. The business’s fifty day moving average is $215.20 and its 200 day moving average is $203.00. Cintas has a 52-week low of $138.39 and a 52-week high of $228.12. The firm has a market cap of $76.86 billion, a price-to-earnings ratio of 48.12, a P/E/G ratio of 4.15 and a beta of 1.33.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $3.61 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Cintas will post 4.23 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.82%. Cintas’s dividend payout ratio (DPR) is currently 39.39%.

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.