Zacks Research Brokers Increase Earnings Estimates for Cintas Co. (NASDAQ:CTAS)

Cintas Co. (NASDAQ:CTAS) – Equities research analysts at Zacks Research increased their Q4 2024 EPS estimates for Cintas in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings per share of $3.75 for the quarter, up from their previous estimate of $3.67. The consensus estimate for Cintas’ current full-year earnings is $14.96 per share. Zacks Research also issued estimates for Cintas’ Q1 2025 earnings at $3.89 EPS, Q2 2025 earnings at $4.02 EPS, Q4 2025 earnings at $4.21 EPS, FY2025 earnings at $16.21 EPS and Q2 2026 earnings at $4.30 EPS.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.26. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.14 EPS.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their target price on Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Truist Financial raised their target price on shares of Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. UBS Group boosted their price target on Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Bank of America raised their price objective on Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $661.21.

Cintas Price Performance

CTAS stock opened at $662.44 on Thursday. The stock has a market cap of $67.15 billion, a PE ratio of 45.75, a P/E/G ratio of 3.90 and a beta of 1.27. Cintas has a 12 month low of $438.59 and a 12 month high of $704.84. The company has a 50-day moving average price of $642.18 and a 200 day moving average price of $586.01. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CTAS. Rise Advisors LLC bought a new position in Cintas during the 1st quarter valued at $30,000. Janiczek Wealth Management LLC lifted its holdings in shares of Cintas by 113.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock worth $30,000 after purchasing an additional 26 shares during the last quarter. Webster Bank N. A. bought a new stake in Cintas in the first quarter valued at $38,000. Quarry LP increased its stake in shares of Cintas by 221.1% in the first quarter. Quarry LP now owns 61 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 42 shares during the period. Finally, DSM Capital Partners LLC bought a new position in shares of Cintas in the fourth quarter worth $40,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 annualized dividend and a yield of 0.82%. Cintas’s payout ratio is currently 37.29%.

Cintas Company Profile

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.