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 price objectives for Cintas' stock. Their CTAS share price forecasts range from $362.00 to $493.00. On average, they expect the company's share price to reach $435.89 in the next twelve months. This suggests a possible upside of 11.8% 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 on January 1st, 2022. Since then, CTAS stock has decreased by 12.0% and is now trading at $389.89.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 28th 2022.
View our CTAS earnings forecast.

Cintas will be holding an earnings conference call on Wednesday, September 28th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Cintas Co. (NASDAQ:CTAS) released its earnings results on Thursday, July, 14th. The business services provider reported $2.81 earnings per share (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 analyst estimates 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 for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 earnings per share.
Read the conference call transcript.

Cintas announced a quarterly dividend on Tuesday, July 26th. Shareholders 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 dividend yield of 1.18%. 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 $4.60 per share and currently has a dividend yield of 1.18%. The company has been increasing its dividend for 38 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTAS will have a dividend payout ratio of 34.38% 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 earnings per share (EPS) guidance of $11.90-$12.30 for the period, compared to the consensus earnings per share 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 number of retail and institutional investors. Top institutional shareholders include State Street Corp (3.77%), FMR LLC (1.97%), Brown Advisory Inc. (1.48%), Price T Rowe Associates Inc. MD (1.47%), Brown Advisory Inc. (1.44%) and Franklin Resources Inc. (1.37%). 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.
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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 $389.89.

Cintas (NASDAQ:CTAS) has a market capitalization of $39.78 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.

The company employs 43,000 workers across the globe.

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.