Cintas - CTAS Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cintas in the last year. There are currently 3 hold ratings and 5 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 brokerages have issued 1-year target prices for Cintas' stock. Their CTAS stock forecasts range from $362.00 to $493.00. On average, they predict the company's share price to reach $432.00 in the next year. This suggests a possible upside of 2.1% 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 $443.17 at the beginning of 2022. Since then, CTAS shares have decreased by 4.6% and is now trading at $422.92.
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Cintas saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,180,000 shares, an increase of 28.2% from the June 30th total of 920,300 shares. Based on an average trading volume of 517,600 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.4% of the shares of the stock are sold short.
View Cintas' Short Interest.

Cintas is scheduled to release its next quarterly earnings announcement on Wednesday, October 5th 2022.
View our CTAS earnings forecast.

Cintas Co. (NASDAQ:CTAS) posted its quarterly earnings results on Thursday, July, 14th. The business services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.68 by $0.13. The business services provider earned $2.07 billion during the quarter, compared to the consensus estimate of $2 billion. Cintas had a trailing twelve-month return on equity of 35.81% and a net margin of 15.73%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.47 earnings per share.
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Cintas announced a quarterly dividend on Tuesday, July 26th. Investors of record on Monday, August 15th will be given a dividend of $1.15 per share on Thursday, September 15th. This represents a $4.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, August 12th. This is an increase from the stock's previous quarterly dividend of $0.95.
Read our dividend analysis for CTAS.

Cintas (NASDAQ:CTAS) pays an annual dividend of $3.80 per share and currently has a dividend yield of 0.90%. The company has been increasing its dividend for 40 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTAS will have a dividend payout ratio of 28.00% 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 Thursday, July, 28th. The company provided EPS guidance of $11.90-$12.30 for the period, compared to the consensus EPS estimate of $12.24. The company issued revenue guidance of $8.47 billion-$8.58 billion, compared to the consensus revenue estimate of $8.33 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 Brown Advisory Inc. (1.48%), ProShare Advisors LLC (0.52%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), TimesSquare Capital Management LLC (0.29%), Frontier Capital Management Co. LLC (0.26%) and CIBC Private Wealth Group LLC (0.25%). 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 $422.92.

Cintas (NASDAQ:CTAS) has a market capitalization of $42.79 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 $11.65 on an earnings per share basis.

Cintas employs 43,000 workers across the globe.

Cintas was founded in 1968.

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.