NASDAQ:CTASCintas Stock Price, Forecast & News

Cintas' stock was trading at $250.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CTAS stock has increased by 23.8% and is now trading at $310.01.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cintas in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Cintas is scheduled to release its next quarterly earnings announcement on Tuesday, September 22nd 2020.
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Cintas Co. (NASDAQ:CTAS) announced its earnings results on Thursday, July, 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.13. The business services provider had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.56 billion. Cintas had a net margin of 12.36% and a return on equity of 27.57%. The company's quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.07 EPS.
View Cintas' earnings history.

Cintas declared an annual dividend on Tuesday, October 29th. Stockholders 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 announced that its Board of Directors has authorized a stock repurchase program 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 buy up to 3.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Cintas issued an update on its first quarter 2021 Pre-Market earnings guidance on Thursday, July, 23rd. The company provided EPS guidance of 2.00-2.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.53. The company issued revenue guidance of $1.675-1.7 billion, compared to the consensus revenue estimate of $1.61 billion.

11 brokers have issued 12-month target prices for Cintas' shares. Their forecasts range from $175.00 to $347.00. On average, they anticipate Cintas' share price to reach $266.33 in the next twelve months. This suggests that the stock has a possible downside of 14.1%.
View analysts' price targets for Cintas.

Headlines about CTAS stock have been trending very positive on Saturday, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cintas earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned media headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Cintas.

Cintas saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,970,000 shares, a drop of 7.9% from the July 15th total of 2,140,000 shares. Based on an average daily trading volume, of 691,100 shares, the short-interest ratio is currently 2.9 days. Currently, 2.2% of the company's shares are sold short.
View Cintas' Short Interest.

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) and Performant Financial (PFMT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cintas investors own include Visa (V), Mastercard (MA), Johnson & Johnson (JNJ), NVIDIA (NVDA), Home Depot (HD), Walt Disney (DIS), Adobe (ADBE), Alibaba Group (BABA), Medtronic (MDT) and Netflix (NFLX).

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

Cintas' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.71%), Sumitomo Mitsui Trust Holdings Inc. (0.59%), Bessemer Group Inc. (0.48%), ProShare Advisors LLC (0.45%), Chilton Investment Co. LLC (0.38%) and Swiss National Bank (0.35%). Company insiders that own Cintas stock include 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 Robeco Institutional Asset Management B.V., BNP PARIBAS ASSET MANAGEMENT Holding S.A., PNC Financial Services Group Inc., Frontier Capital Management Co. LLC, Jennison Associates LLC, First Trust Advisors LP, Robecosam AG, and Victory Capital Management Inc..
View insider buying and selling activity for Cintas.

CTAS stock was purchased by a variety of institutional investors in the last quarter, including Rathbone Brothers plc, Sumitomo Mitsui Trust Holdings Inc., Polaris Greystone Financial Group LLC, CIBC Asset Management Inc, Mn Services Vermogensbeheer B.V., Apriem Advisors, Alta Capital Management LLC, and ProShare Advisors LLC.
View insider buying and selling activity 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 $310.01.

Cintas has a market capitalization of $32.09 billion and generates $7.09 billion in revenue each year. The business services provider earns $876.04 million in net income (profit) each year or $8.11 on an earnings per share basis. Cintas employs 40,000 workers across the globe.

The official website for Cintas is 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 [email protected]