Cintas Co. (NASDAQ:CTAS - Get Free Report) announced a quarterly dividend on Tuesday, April 9th, RTT News reports. Investors of record on Wednesday, May 15th will be paid a dividend of 1.35 per share by the business services provider on Friday, June 14th. This represents a $5.40 dividend on an annualized basis and a yield of 0.80%.
Cintas has increased its dividend by an average of 12.5% annually over the last three years and has increased its dividend every year for the last 41 years. Cintas has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cintas to earn $16.38 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 33.0%.
Cintas Stock Up 0.0 %
Shares of NASDAQ:CTAS traded up $0.30 during trading hours on Tuesday, hitting $677.72. The company's stock had a trading volume of 269,085 shares, compared to its average volume of 345,551. Cintas has a 52 week low of $438.59 and a 52 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. The company has a market capitalization of $68.70 billion, a price-to-earnings ratio of 46.80, a P/E/G ratio of 3.94 and a beta of 1.27. The firm's fifty day moving average price is $633.62 and its 200 day moving average price is $577.25.
Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly 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. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the business posted $3.14 EPS. The company's quarterly revenue was up 9.9% compared to the same quarter last year. As a group, research analysts expect that Cintas will post 14.96 EPS for the current year.
Institutional Trading of Cintas
Large investors have recently bought and sold shares of the stock. Quarry LP grew its position in Cintas by 221.1% during the 1st quarter. Quarry LP now owns 61 shares of the business services provider's stock worth $28,000 after purchasing an additional 42 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Cintas in the 1st quarter valued at $36,000. Harbour Investments Inc. boosted its holdings in shares of Cintas by 315.0% in the 4th quarter. Harbour Investments Inc. now owns 83 shares of the business services provider's stock valued at $50,000 after acquiring an additional 63 shares during the last quarter. O Dell Group LLC purchased a new stake in shares of Cintas in the 4th quarter valued at $51,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of Cintas in the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 63.46% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on CTAS. Stifel Nicolaus boosted their price target on shares of Cintas from $526.00 to $585.00 and gave the company a "hold" rating in a report on Friday, December 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Cintas from $540.00 to $640.00 and gave the stock an "overweight" rating in a research report on Friday, December 22nd. The Goldman Sachs Group lifted their price objective on shares of Cintas from $673.00 to $765.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. StockNews.com raised shares of Cintas from a "hold" rating to a "buy" rating in a research report on Monday, March 25th. Finally, UBS Group lifted their price objective on shares of Cintas from $680.00 to $790.00 and gave the stock a "buy" rating in a research 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $661.21.
Read Our Latest Analysis on Cintas
About Cintas
(
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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.
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