Cintas Co. to Post FY2024 Earnings of $14.90 Per Share, Zacks Research Forecasts (NASDAQ:CTAS)

Cintas Co. (NASDAQ:CTAS - Free Report) - Equities researchers at Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Cintas in a report issued on Wednesday, April 17th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings of $14.90 per share for the year, up from their previous forecast of $14.45. The consensus estimate for Cintas' current full-year earnings is $14.96 per share. Zacks Research also issued estimates for Cintas' Q3 2025 earnings at $4.09 EPS, Q1 2026 earnings at $4.44 EPS, Q3 2026 earnings at $4.46 EPS and FY2026 earnings at $17.59 EPS.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 37.19% and a net margin of 15.98%. Cintas's quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.14 earnings per share.

CTAS has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Cintas from $629.00 to $726.00 and gave the company a "hold" rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. boosted their price objective on Cintas from $540.00 to $640.00 and gave the company an "overweight" rating in a research report on Friday, December 22nd. StockNews.com raised Cintas from a "hold" rating to a "buy" rating in a research note on Monday, March 25th. The Goldman Sachs Group boosted their price target on Cintas from $673.00 to $765.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Finally, Robert W. Baird boosted their price target on Cintas from $660.00 to $750.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Cintas currently has a consensus rating of "Moderate Buy" and a consensus target price of $661.21.

Cintas Stock Performance

Shares of CTAS traded down $1.15 on Friday, reaching $661.29. 390,055 shares of the stock traded hands, compared to its average volume of 343,599. The firm has a market cap of $67.04 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 3.91 and a beta of 1.27. 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 has a 12 month low of $438.59 and a 12 month high of $704.84. The stock's 50-day moving average price is $643.04 and its 200-day moving average price is $587.23.

Cintas Announces Dividend

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

Hedge Funds Weigh In On Cintas

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Columbus Macro LLC boosted its stake in Cintas by 1.2% in the fourth quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider's stock worth $871,000 after purchasing an additional 17 shares in the last quarter. Quent Capital LLC lifted its stake in shares of Cintas by 22.8% during the fourth quarter. Quent Capital LLC now owns 97 shares of the business services provider's stock valued at $59,000 after acquiring an additional 18 shares during the period. Harbor Investment Advisory LLC lifted its stake in shares of Cintas by 5.4% during the first quarter. Harbor Investment Advisory LLC now owns 349 shares of the business services provider's stock valued at $240,000 after acquiring an additional 18 shares during the period. Greenleaf Trust lifted its stake in shares of Cintas by 1.0% during the third quarter. Greenleaf Trust now owns 1,899 shares of the business services provider's stock valued at $913,000 after acquiring an additional 19 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Cintas by 33.9% during the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider's stock valued at $36,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

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.