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

Cintas Co. (NASDAQ:CTAS - Free Report) - Research analysts at Zacks Research increased their Q4 2024 earnings per share (EPS) estimates for shares of Cintas in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst R. Department now expects that the business services provider will post earnings per share of $3.75 for the quarter, up from their prior forecast 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.

Several other research analysts have also issued reports on CTAS. Oppenheimer restated a "market perform" rating on shares of Cintas in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft upped their target price on Cintas from $629.00 to $726.00 and gave the stock a "hold" rating in a report on Thursday, March 28th. Stifel Nicolaus increased their price objective on Cintas from $526.00 to $585.00 and gave the company a "hold" rating in a report on Friday, December 22nd. JPMorgan Chase & Co. increased their price objective on Cintas from $540.00 to $640.00 and gave the company an "overweight" rating in a report on Friday, December 22nd. Finally, Royal Bank of Canada increased their price objective on Cintas from $675.00 to $725.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $661.21.

Cintas Trading Down 0.9 %

Shares of NASDAQ CTAS traded down $6.07 during midday trading on Thursday, hitting $662.44. The stock had a trading volume of 212,161 shares, compared to its average volume of 342,981. The company's 50-day simple moving average is $641.27 and its 200 day simple moving average is $585.47. The firm has a market cap of $67.15 billion, a P/E ratio of 45.94, a price-to-earnings-growth ratio of 3.90 and a beta of 1.27. Cintas has a fifty-two week low of $438.59 and a fifty-two week high of $704.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, beating the consensus estimate of $3.58 by $0.26. The company had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The business's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $3.14 EPS.

Institutional Investors Weigh In On Cintas

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Cintas by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 10,299,288 shares of the business services provider's stock worth $6,206,969,000 after buying an additional 112,361 shares during the period. FMR LLC increased its position in shares of Cintas by 5.5% in the third quarter. FMR LLC now owns 2,352,581 shares of the business services provider's stock worth $1,131,615,000 after purchasing an additional 123,468 shares during the period. Geode Capital Management LLC boosted its stake in shares of Cintas by 2.3% during the first quarter. Geode Capital Management LLC now owns 1,871,093 shares of the business services provider's stock valued at $863,795,000 after purchasing an additional 41,237 shares in the last quarter. Norges Bank acquired a new stake in shares of Cintas during the fourth quarter valued at about $872,895,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Cintas by 8.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,419,068 shares of the business services provider's stock valued at $656,575,000 after purchasing an additional 115,712 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Dividend Announcement

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

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.