Cintas (NASDAQ:CTAS) Posts Earnings Results, Beats Expectations By $0.02 EPS

Cintas (NASDAQ:CTAS - Get Free Report) released its earnings results on Thursday. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02, Briefing.com reports. The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. Cintas had a return on equity of 41.30% and a net margin of 17.53%. Cintas's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.99 earnings per share. Cintas updated its FY 2026 guidance to 4.710-4.85 EPS.

Cintas Stock Performance

Shares of NASDAQ:CTAS traded up $0.02 during trading on Friday, hitting $221.94. 2,528,220 shares of the company were exchanged, compared to its average volume of 1,675,819. The company has a market cap of $89.62 billion, a PE ratio of 51.40, a P/E/G ratio of 3.34 and a beta of 1.05. The stock has a 50 day moving average of $220.85 and a 200 day moving average of $207.77. Cintas has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50.

Institutional Investors Weigh In On Cintas

An institutional investor recently raised its position in Cintas stock. Brighton Jones LLC increased its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 9.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,268 shares of the business services provider's stock after buying an additional 108 shares during the period. Brighton Jones LLC's holdings in Cintas were worth $232,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CTAS shares. Morgan Stanley increased their price objective on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday. JPMorgan Chase & Co. started coverage on Cintas in a report on Monday. They set an "overweight" rating and a $239.00 price objective for the company. Argus raised Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Robert W. Baird increased their price objective on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday. Finally, Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $222.75.

Cintas Company Profile

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.