Zacks Research Estimates Cintas' Q3 Earnings (NASDAQ:CTAS)

Cintas Corporation (NASDAQ:CTAS - Free Report) - Equities researchers at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for Cintas in a research report issued on Wednesday, June 18th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings per share of $1.22 for the quarter, up from their prior forecast of $1.20. The consensus estimate for Cintas' current full-year earnings is $4.31 per share. Zacks Research also issued estimates for Cintas' Q4 2026 earnings at $1.18 EPS, FY2026 earnings at $4.76 EPS, Q1 2027 earnings at $1.26 EPS, Q2 2027 earnings at $1.32 EPS, Q3 2027 earnings at $1.32 EPS, Q4 2027 earnings at $1.34 EPS and FY2027 earnings at $5.24 EPS.

CTAS has been the topic of a number of other research reports. Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 target price on the stock. Morgan Stanley upped their target price on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. UBS Group boosted their target price on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Argus raised shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Truist Financial boosted their target price on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $215.81.

Cintas Price Performance

Shares of CTAS traded down $1.77 during mid-day trading on Thursday, reaching $218.65. 2,667,477 shares of the company's stock were exchanged, compared to its average volume of 1,704,297. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. Cintas has a 52-week low of $172.20 and a 52-week high of $229.24. The company has a market cap of $88.29 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 3.41 and a beta of 1.07. The company has a 50-day simple moving average of $217.23 and a two-hundred day simple moving average of $205.44.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.53% and a return on equity of 41.30%. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $3.84 EPS.

Hedge Funds Weigh In On Cintas

A number of large investors have recently modified their holdings of the company. Voya Investment Management LLC raised its holdings in shares of Cintas by 516.8% in the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider's stock worth $175,529,000 after purchasing an additional 715,570 shares during the period. Strs Ohio purchased a new position in shares of Cintas in the 1st quarter worth about $24,872,000. Addison Capital Co purchased a new stake in Cintas during the 1st quarter worth $276,000. Jacobi Capital Management LLC boosted its position in Cintas by 34.8% during the 1st quarter. Jacobi Capital Management LLC now owns 3,010 shares of the business services provider's stock worth $619,000 after purchasing an additional 777 shares during the period. Finally, Advisors Capital Management LLC boosted its position in Cintas by 1.6% during the 1st quarter. Advisors Capital Management LLC now owns 3,867 shares of the business services provider's stock worth $795,000 after purchasing an additional 62 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the sale, the director now owns 27,029 shares of the company's stock, valued at $5,647,979.84. This represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company's stock.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 15th were issued a $0.39 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.71%. Cintas's dividend payout ratio (DPR) is presently 36.11%.

About Cintas

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.