Cintas (NASDAQ:CTAS) Updates FY 2025 Earnings Guidance

Cintas (NASDAQ:CTAS) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.170-4.250 for the period, compared to the consensus earnings per share estimate of 4.170. The company issued revenue guidance of $10.2 billion-$10.3 billion, compared to the consensus revenue estimate of $10.3 billion. Cintas also updated its FY25 guidance to $4.17-4.25 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CTAS. Wells Fargo & Company lifted their price objective on shares of Cintas from $184.00 to $191.00 and gave the company an underweight rating in a research report on Thursday. Jefferies Financial Group decreased their price objective on Cintas from $730.00 to $200.00 and set a hold rating for the company in a report on Thursday. Barclays lifted their target price on Cintas from $210.00 to $245.00 and gave the company an overweight rating in a research note on Friday. UBS Group increased their price target on Cintas from $219.00 to $240.00 and gave the stock a buy rating in a research note on Thursday. Finally, Morgan Stanley boosted their price target on shares of Cintas from $170.00 to $185.00 and gave the stock an equal weight rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Cintas presently has a consensus rating of Hold and a consensus price target of $199.63.

Cintas Trading Down 2.3 %

NASDAQ:CTAS opened at $202.35 on Friday. The stock has a fifty day simple moving average of $208.63 and a 200 day simple moving average of $183.66. The firm has a market capitalization of $20.53 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 4.09 and a beta of 1.32. Cintas has a 1-year low of $119.69 and a 1-year high of $211.57. The company has a quick ratio of 1.52, a current ratio of 1.74 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 25th. The business services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.00 by $0.10. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Cintas had a net margin of 16.38% and a return on equity of 37.82%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company posted $3.70 earnings per share. Sell-side analysts forecast that Cintas will post 4.16 earnings per share for the current year.

Cintas Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. Cintas’s dividend payout ratio is 10.77%.

Cintas announced that its Board of Directors has approved a share buyback program on Tuesday, July 23rd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Cintas

In other Cintas news, Director Gerald S. Adolph sold 4,400 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $191.43, for a total value of $842,292.00. Following the transaction, the director now owns 125,808 shares in the company, valued at approximately $24,083,425.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 15.10% 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.