Cintas (CTAS) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cintas in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CTAS shares.
View CTAS analyst ratings or view top-rated stocks.

8 Wall Street research analysts have issued 12 month price targets for Cintas' stock. Their CTAS share price forecasts range from $419.00 to $540.00. On average, they expect the company's stock price to reach $501.25 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
View analysts price targets for CTAS or view top-rated stocks among Wall Street analysts.

Cintas' stock was trading at $451.62 at the beginning of the year. Since then, CTAS shares have increased by 4.3% and is now trading at $470.94.
View the best growth stocks for 2023 here.

Cintas saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,220,000 shares, an increase of 10.9% from the April 30th total of 1,100,000 shares. Based on an average trading volume of 334,700 shares, the short-interest ratio is currently 3.6 days. Currently, 1.4% of the company's shares are short sold.
View Cintas' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 13th 2023.
View our CTAS earnings forecast.

Cintas Co. (NASDAQ:CTAS) posted its quarterly earnings results on Wednesday, March, 29th. The business services provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.01 by $0.13. The business services provider had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.15 billion. Cintas had a net margin of 15.06% and a trailing twelve-month return on equity of 38.12%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.69 EPS.
Read the conference call transcript.

Cintas announced a quarterly dividend on Tuesday, April 11th. Investors of record on Monday, May 15th will be given a dividend of $1.15 per share on Thursday, June 15th. This represents a $4.60 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, May 12th.
Read our dividend analysis for CTAS.

ETFs with the largest weight of Cintas (NASDAQ:CTAS) stock in their portfolio include ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), WBI BullBear Quality 3000 ETF (WBIL), VictoryShares THB Mid Cap ESG ETF (MDCP), Profound Medical (PRN), Putnam Sustainable Future ETF (PFUT), Argent Mid Cap ETF (AMID) and Siren DIVCON Leaders Dividend ETF (LEAD).

Cintas (NASDAQ:CTAS) pays an annual dividend of $4.60 per share and currently has a dividend yield of 0.98%. The company has been increasing its dividend for 39 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTAS will have a dividend payout ratio of 32.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTAS.

Cintas issued an update on its FY 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share guidance of $12.70-$12.90 for the period, compared to the consensus earnings per share estimate of $12.73. The company issued revenue guidance of $8.74 billion-$8.80 billion, compared to the consensus revenue estimate of $8.73 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cintas investors own include Johnson & Johnson (JNJ), Mastercard (MA), Visa (V), AbbVie (ABBV), Walt Disney (DIS), Walmart (WMT), Home Depot (HD), NVIDIA (NVDA), Medtronic (MDT) and Netflix (NFLX).

Cintas trades on the NASDAQ under the ticker symbol "CTAS."

Cintas' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.81%), State Street Corp (3.70%), FMR LLC (2.07%), Geode Capital Management LLC (1.84%), Price T Rowe Associates Inc. MD (1.40%) and Impax Asset Management Group plc (1.23%). Insiders that own company stock include J Michael Hansen, Joseph Scaminace, Melanie W Barstad, Michael Lawrence Thompson, Ronald W Tysoe, Thomas E Frooman and Todd M Schneider.
View institutional ownership trends.

Shares of CTAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CTAS stock can currently be purchased for approximately $470.94.

Cintas (NASDAQ:CTAS) has a market capitalization of $47.89 billion and generates $7.85 billion in revenue each year. The business services provider earns $1.24 billion in net income (profit) each year or $12.46 on an earnings per share basis.

The company employs 43,000 workers across the globe.

Cintas' mailing address is 6800 CINTAS BOULEVARD; P O BOX 625737, CINCINNATI OH, 45262. The official website for the company is www.cintas.com. The business services provider can be reached via phone at (513) 459-1200, via email at webmaster@cintasmail.com, or via fax at 513-573-4030.