Cintas Stock Forecast, Price & News

Cintas' stock was trading at $250.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CTAS shares have increased by 44.1% and is now trading at $360.91.
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12 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cintas or view MarketBeat's top 5 stock picks.

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Cintas is scheduled to release its next quarterly earnings announcement on Tuesday, December 15th 2020.
View our earnings forecast for Cintas.

Cintas Co. (NASDAQ:CTAS) issued its quarterly earnings data on Wednesday, September, 23rd. The business services provider reported $2.78 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.13 by $0.65. The business services provider earned $1.75 billion during the quarter, compared to analyst estimates of $1.69 billion. Cintas had a net margin of 13.18% and a return on equity of 27.90%. The business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.32 earnings per share.
View Cintas' earnings history.

Cintas announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.70 per share on Friday, December 4th. This represents a $2.80 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 5th. This is a boost from Cintas's previous quarterly dividend of $0.64.
View Cintas' dividend history.

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

Cintas updated its second quarter earnings guidance on Wednesday, September, 23rd. The company provided EPS guidance of $2.00-2.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.09. The company issued revenue guidance of $1.725-1.750 billion, compared to the consensus revenue estimate of $1.75 billion.

12 equities research analysts have issued 12 month price targets for Cintas' shares. Their forecasts range from $175.00 to $400.00. On average, they anticipate Cintas' share price to reach $299.80 in the next year. This suggests that the stock has a possible downside of 16.9%.
View analysts' price targets for Cintas.

Cintas saw a drop in short interest during the month of October. As of October 30th, there was short interest totaling 912,200 shares, a drop of 18.6% from the October 15th total of 1,120,000 shares. Based on an average trading volume of 425,800 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.0% of the company's shares are short sold.
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), 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 Johnson & Johnson (JNJ), Mastercard (MA), Visa (V), AbbVie (ABBV), The Walt Disney (DIS), Walmart (WMT), The 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.76%), State Street Corp (3.74%), Findlay Park Partners LLP (0.94%), King Luther Capital Management Corp (0.48%), Nuveen Asset Management LLC (0.46%) and Congress Asset Management Co. MA (0.43%). Company insiders that own Cintas stock include J Michael Hansen, 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 Congress Asset Management Co. MA, Wells Fargo & Company MN, PGGM Investments, BlackRock Inc., ProShare Advisors LLC, Acadian Asset Management LLC, State Street Corp, and Nuveen Asset Management LLC. Company insiders that have sold Cintas company stock in the last year include J Michael Hansen, Joseph Scaminace, Michael Lawrence Thompson, and Ronald W Tysoe.
View insider buying and selling activity for Cintas.

CTAS stock was purchased by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, The Manufacturers Life Insurance Company, Alkeon Capital Management LLC, Findlay Park Partners LLP, Los Angeles Capital Management & Equity Research Inc., Blair William & Co. IL, Morgan Stanley, and Jag Capital Management 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 $360.91.

Cintas has a market capitalization of $37.76 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]