Cintas (NASDAQ:CTAS) Issues Earnings Results, Beats Estimates By $0.19 EPS

Cintas (NASDAQ:CTAS) posted its quarterly earnings data on Thursday. The business services provider reported $3.99 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.19, Briefing.com reports. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Cintas had a net margin of 16.38% and a return on equity of 37.82%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.33 EPS. Cintas updated its FY25 guidance to $16.25-16.75 EPS and its FY 2025 guidance to 16.250-16.750 EPS.

Cintas Trading Down 0.1 %

Shares of Cintas stock opened at $758.56 on Friday. The company’s fifty day simple moving average is $700.26 and its 200-day simple moving average is $657.78. Cintas has a 1 year low of $474.74 and a 1 year high of $773.78. The company has a current ratio of 1.74, a quick ratio of 2.03 and a debt-to-equity ratio of 0.47. The company has a market cap of $76.96 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 3.84 and a beta of 1.31.

Shares of Cintas are scheduled to split on Thursday, September 12th. The 4-1 split was announced on Thursday, May 2nd. The newly issued shares will be issued to shareholders after the market closes on Wednesday, September 11th.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Robert W. Baird reissued a “neutral” rating and issued a $775.00 price target (up from $750.00) on shares of Cintas in a research report on Friday. Truist Financial boosted their target price on shares of Cintas from $775.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday. Baird R W lowered shares of Cintas from a “strong-buy” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Finally, Morgan Stanley upped their price target on Cintas from $575.00 to $625.00 and gave the stock an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $749.00.

Insider Activity at Cintas

In other Cintas news, COO Jim Rozakis sold 1,318 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $693.71, for a total value of $914,309.78. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Ronald W. Tysoe sold 2,291 shares of the 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 completion of the transaction, the director now directly owns 6,655 shares of the company’s stock, valued at approximately $4,618,237.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jim Rozakis sold 1,318 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $693.71, for a total value of $914,309.78. Following the completion of the sale, the chief operating officer now directly owns 59,770 shares in the company, valued at approximately $41,463,046.70. The disclosure for this sale can be found here. 15.10% of the stock is currently 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.