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. It also offers first aid and safety services, and fire protection products and services. The company provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. Cintas Corporation was founded in 1968 and is headquartered in Cincinnati, Ohio.
Cintas Stock Down 0.8 %
Cintas stock traded down $3.58 during mid-day trading on Friday, hitting $423.61. The company had a trading volume of 294,280 shares, compared to its average volume of 455,452. The stock has a market cap of $42.87 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 3.22 and a beta of 1.45. The company has a quick ratio of 1.51, a current ratio of 1.84 and a debt-to-equity ratio of 0.75. Cintas has a 1 year low of $343.86 and a 1 year high of $461.44. The business has a fifty day moving average of $386.50 and a 200 day moving average of $389.38.
Cintas (NASDAQ:CTAS - Get Rating) last posted its earnings results on Thursday, July 14th. The business services provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.13. Cintas had a return on equity of 35.81% and a net margin of 15.73%. The business had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the firm earned $2.47 earnings per share. The business's revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts expect that Cintas will post 12.23 earnings per share for the current fiscal year.
Cintas Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Monday, August 15th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.09%. This is a boost from Cintas's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Friday, August 12th. Cintas's dividend payout ratio (DPR) is presently 32.62%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Cintas from $357.00 to $362.00 and gave the company an "equal weight" rating in a report on Friday, July 15th. StockNews.com raised shares of Cintas from a "hold" rating to a "buy" rating in a research note on Saturday, July 23rd. Barclays decreased their price target on shares of Cintas from $500.00 to $435.00 in a research report on Friday, July 15th. Royal Bank of Canada reduced their price objective on Cintas from $475.00 to $450.00 in a research note on Friday, July 15th. Finally, Wells Fargo & Company assumed coverage on Cintas in a research note on Tuesday, July 12th. They set an "equal weight" rating and a $393.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Cintas presently has an average rating of "Moderate Buy" and a consensus target price of $432.00.