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. Since then, CTAS shares have increased by 30.7% and is now trading at $327.17.
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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."
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) issued its earnings results on Wednesday, September, 23rd. The business services provider reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 12.36% and a return on equity of 27.57%. Cintas's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.32 EPS.
View Cintas' earnings history.

Cintas announced an annual dividend on Tuesday, October 29th. Investors 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 announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 29th 2019, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Cintas updated its second quarter earnings guidance on Wednesday, September, 23rd. The company provided earnings per share 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.

11 analysts have issued 12 month price objectives for Cintas' stock. Their forecasts range from $175.00 to $365.00. On average, they expect Cintas' share price to reach $278.22 in the next year. This suggests that the stock has a possible downside of 15.0%.
View analysts' price targets for Cintas.

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 Mastercard (MA), Visa (V), AbbVie (ABBV), Johnson & Johnson (JNJ), Home Depot (HD), Walt Disney (DIS), NVIDIA (NVDA), Walmart (WMT), Netflix (NFLX) and Mcdonald's (MCD).

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

Cintas' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.92%), FMR LLC (2.30%), Bank of New York Mellon Corp (0.79%), Congress Asset Management Co. MA (0.71%), Sumitomo Mitsui Trust Holdings Inc. (0.59%) and London Co. of Virginia (0.57%). 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 FMR LLC, Goldman Sachs Group Inc., Vanguard Group Inc., CIBC Private Wealth Group LLC, Robeco Institutional Asset Management B.V., Neuberger Berman Group LLC, BNP PARIBAS ASSET MANAGEMENT Holding S.A., and Bank of America Corp DE. Company insiders that have sold Cintas company stock in the last year include Michael Lawrence Thompson, and Ronald W Tysoe.
View insider buying and selling activity for Cintas.

CTAS stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Rathbone Brothers plc, Sumitomo Mitsui Trust Holdings Inc., Bank of New York Mellon Corp, London Co. of Virginia, Captrust Financial Advisors, Polaris Greystone Financial Group LLC, and CIBC Asset Management Inc.
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 $327.17.

Cintas has a market capitalization of $34.53 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]