Cintas Stock Forecast, Price & News

Cintas' stock was trading at $250.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CTAS shares have increased by 35.0% and is now trading at $338.07.
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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.

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) announced its earnings results on Wednesday, September, 23rd. The business services provider reported $2.78 EPS for the quarter, topping the consensus estimate of $2.13 by $0.65. The business services provider had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.69 billion. Cintas had a return on equity of 27.90% and a net margin of 13.18%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.32 earnings per share.
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 is Thursday, November 7th.
View Cintas' dividend history.

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

Cintas updated its second quarter earnings guidance on Wednesday, September, 23rd. The company provided earnings per share (EPS) guidance of $2.00-2.20 for the period, compared to the Thomson Reuters consensus earnings per share 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 brokers have issued 1-year price objectives 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 11.3%.
View analysts' price targets for Cintas.

Cintas saw a decrease in short interest in September. As of September 30th, there was short interest totaling 1,280,000 shares, a decrease of 14.1% from the September 15th total of 1,490,000 shares. Based on an average daily volume of 460,500 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.4% 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), 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 number of institutional and retail investors. Top institutional shareholders include AMI Asset Management Corp (0.11%), Envestnet Asset Management Inc. (0.10%), Nisa Investment Advisors LLC (0.07%), Polaris Wealth Advisory Group LLC (0.06%), Jag Capital Management LLC (0.06%) and State of Alaska Department of Revenue (0.05%). 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 PGGM Investments, Polaris Wealth Advisory Group LLC, AMI Asset Management Corp, Redpoint Investment Management Pty Ltd, Standard Life Aberdeen plc, Pacer Advisors Inc., First American Bank, and NEXT Financial Group Inc. Company insiders that have sold Cintas company stock in the last year include J Michael Hansen, Michael Lawrence Thompson, and Ronald W Tysoe.
View insider buying and selling activity for Cintas.

CTAS stock was acquired by a variety of institutional investors in the last quarter, including Jag Capital Management LLC, Nisa Investment Advisors LLC, Fenimore Asset Management Inc., State of Alaska Department of Revenue, Sanders Morris Harris LLC, Forsta AP Fonden, Assenagon Asset Management S.A., and First Citizens Bank & Trust Co..
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 $338.07.

Cintas has a market capitalization of $35.37 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]