Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms. It also offers first aid and safety services, and fire protection products and services. The company provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. Cintas Corporation was founded in 1968 and is headquartered in Cincinnati, Ohio.
Cintas Price Performance
Cintas stock opened at $429.64 on Friday. The company has a market cap of $43.47 billion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 3.23 and a beta of 1.45. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.51 and a current ratio of 1.84. Cintas has a one year low of $343.86 and a one year high of $461.44. The business has a fifty day moving average of $388.42 and a two-hundred day moving average of $390.30.
Cintas (NASDAQ:CTAS - Get Rating) last released its quarterly earnings results on Thursday, July 14th. The business services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.13. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2 billion. Cintas had a return on equity of 35.81% and a net margin of 15.73%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.47 EPS. As a group, analysts predict that Cintas will post 12.23 earnings per share for the current fiscal year.
Cintas Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Monday, August 15th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, August 12th. This is an increase from Cintas's previous quarterly dividend of $0.95. Cintas's payout ratio is 32.62%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on CTAS. Robert W. Baird lowered their price objective on shares of Cintas from $458.00 to $440.00 in a research report on Friday, July 15th. Wells Fargo & Company began coverage on shares of Cintas in a research report on Tuesday, July 12th. They issued an "equal weight" rating and a $393.00 price objective on the stock. Royal Bank of Canada lowered their price objective on shares of Cintas from $475.00 to $450.00 in a research report on Friday, July 15th. StockNews.com upgraded shares of Cintas from a "hold" rating to a "buy" rating in a research report on Saturday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Cintas from $517.00 to $465.00 and set a "buy" rating on the stock in a research report on Tuesday, July 5th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $432.00.