Zacks Research Issues Positive Estimate for Cintas Earnings

Cintas Co. (NASDAQ:CTAS) – Equities research analysts at Zacks Research increased their FY2027 earnings per share (EPS) estimates for shares of Cintas in a research note issued on Thursday, December 12th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings per share of $5.00 for the year, up from their previous estimate of $4.99. The consensus estimate for Cintas’ current full-year earnings is $4.23 per share.

A number of other equities research analysts have also weighed in on the company. Jefferies Financial Group lowered their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. Royal Bank of Canada increased their price objective 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 raised their price objective on shares of Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. UBS Group increased their target price on shares of Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Barclays boosted their price target on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Two research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $200.77.

Cintas Trading Up 0.3 %

Shares of Cintas stock opened at $211.59 on Friday. The firm has a market cap of $85.33 billion, a price-to-earnings ratio of 53.43, a price-to-earnings-growth ratio of 4.15 and a beta of 1.33. Cintas has a 52-week low of $138.39 and a 52-week high of $228.12. The company’s 50-day simple moving average is $215.00 and its 200-day simple moving average is $201.62. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. Cintas’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $3.70 EPS.

Hedge Funds Weigh In On Cintas

Institutional investors and hedge funds have recently modified their holdings of the company. Brass Tax Wealth Management Inc. lifted its position in Cintas by 300.0% during the third quarter. Brass Tax Wealth Management Inc. now owns 1,816 shares of the business services provider’s stock worth $374,000 after buying an additional 1,362 shares during the period. 1ST Source Bank increased its stake in shares of Cintas by 300.0% during the 3rd quarter. 1ST Source Bank now owns 1,652 shares of the business services provider’s stock valued at $340,000 after acquiring an additional 1,239 shares during the last quarter. Logan Capital Management Inc. lifted its holdings in shares of Cintas by 294.8% during the 3rd quarter. Logan Capital Management Inc. now owns 141,381 shares of the business services provider’s stock worth $29,107,000 after acquiring an additional 105,574 shares during the period. Retirement Systems of Alabama boosted its position in shares of Cintas by 292.2% in the third quarter. Retirement Systems of Alabama now owns 74,603 shares of the business services provider’s stock worth $15,359,000 after acquiring an additional 55,580 shares during the last quarter. Finally, American Trust increased its position in Cintas by 284.4% during the third quarter. American Trust now owns 31,277 shares of the business services provider’s stock worth $6,439,000 after purchasing an additional 23,140 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.74%. Cintas’s dividend payout ratio (DPR) is presently 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.