Cintas Stock Price, Forecast & Analysis (NASDAQ:CTAS)

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

Cintas announced an annual dividend on Tuesday, October 29th. Shareholders of record on Friday, November 8th will be given a dividend of $2.55 per share on Friday, December 6th. The ex-dividend date of this dividend is Thursday, November 7th. View Cintas' Dividend History.

Cintas declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 29th 2019, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Cintas Co. (NASDAQ:CTAS) announced its quarterly earnings results on Tuesday, September, 24th. The business services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.17. The business services provider had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.79 billion. Cintas had a return on equity of 28.61% and a net margin of 13.18%. Cintas's revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.93 EPS. View Cintas' Earnings History.

Cintas is scheduled to release their next quarterly earnings announcement on Thursday, December 19th 2019. View Earnings Estimates for Cintas.

Cintas updated its FY20 earnings guidance on Tuesday, September, 24th. The company provided earnings per share (EPS) guidance of $8.47-8.57 for the period, compared to the Thomson Reuters consensus estimate of $8.47. The company issued revenue guidance of $7.28-7.32 billion, compared to the consensus revenue estimate of $7.30 billion.

11 brokerages have issued 1 year target prices for Cintas' shares. Their forecasts range from $223.00 to $300.00. On average, they anticipate Cintas' stock price to reach $260.44 in the next twelve months. This suggests a possible upside of 2.0% from the stock's current price. View Analyst Price Targets for Cintas.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cintas in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cintas.

News stories about CTAS stock have been trending neutral recently, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cintas earned a news sentiment score of 0.4 on InfoTrie's scale. They also assigned media coverage about the business services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Cintas.

Cintas saw a increase in short interest in September. As of September 30th, there was short interest totalling 3,210,000 shares, an increase of 14.6% from the August 30th total of 2,800,000 shares. Based on an average daily volume of 609,500 shares, the days-to-cover ratio is presently 5.3 days. Currently, 3.8% of the company's stock are short sold. View Cintas' Current Options Chain.

Some companies that are related to Cintas include Copart (CPRT), Iron Mountain (IRM), UniFirst (UNF), KAR Auction Services (KAR), Healthcare Services Group (HCSG), McGrath RentCorp (MGRC), Mobile Mini (MINI), Viad (VVI), Performant Financial (PFMT) and Schawk (SGK).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cintas investors own include Mastercard (MA), Visa (V), Netflix (NFLX), Johnson & Johnson (JNJ), Boeing (BA), 3M (MMM), salesforce.com (CRM), Abbott Laboratories (ABT), Adobe (ADBE) and NVIDIA (NVDA).

Cintas' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.72%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), CIBC Private Wealth Group LLC (0.25%), TimesSquare Capital Management LLC (0.24%), Robeco Institutional Asset Management B.V. (0.23%) and California Public Employees Retirement System (0.21%). Company insiders that own Cintas stock include James Phillip Holloman, Joseph Scaminace, Michael Lawrence Thompson, Ronald W Tysoe and Thomas E Frooman. View Institutional Ownership Trends for Cintas.

CTAS stock was sold by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Artemis Investment Management LLP, Congress Asset Management Co. MA, Royal Bank of Scotland Group PLC, TimesSquare Capital Management LLC, Robeco Institutional Asset Management B.V., Adams Diversified Equity Fund Inc. and Empire Life Investments Inc.. Company insiders that have sold Cintas company stock in the last year include Joseph Scaminace, Michael Lawrence Thompson, Ronald W Tysoe and Thomas E Frooman. View Insider Buying and Selling for Cintas.

CTAS stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., State of New Jersey Common Pension Fund D, California Public Employees Retirement System, CIBC Private Wealth Group LLC, First Trust Advisors LP, State of Alaska Department of Revenue, Waratah Capital Advisors Ltd. and IFG Advisors LLC. View Insider Buying and Selling for Cintas.

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

One share of CTAS stock can currently be purchased for approximately $255.24.

Cintas has a market capitalization of $26.42 billion and generates $6.89 billion in revenue each year. The business services provider earns $884.98 million in net income (profit) each year or $7.60 on an earnings per share basis. Cintas employs 45,000 workers across the globe.View Additional Information About Cintas.

The official website for Cintas is http://www.cintas.com/.

Cintas' mailing address is 6800 CINTAS BOULEVARD; P O BOX 625737, CINCINNATI OH, 45262. The business services provider can be reached via phone at 513-459-1200 or via email at webmaste[email protected]