Cintas - CTAS Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cintas in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CTAS shares.
View CTAS analyst ratings or view top-rated stocks.

9 analysts have issued 1 year price targets for Cintas' stock. Their CTAS share price forecasts range from $373.00 to $525.00. On average, they anticipate the company's stock price to reach $454.70 in the next twelve months. This suggests a possible upside of 0.1% 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 on January 1st, 2022. Since then, CTAS shares have increased by 2.5% and is now trading at $454.24.
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Cintas saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,260,000 shares, an increase of 8.6% from the October 31st total of 1,160,000 shares. Based on an average daily trading volume, of 435,100 shares, the short-interest ratio is currently 2.9 days. Approximately 1.5% of the company's shares are short sold.
View Cintas' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 28th 2022.
View our CTAS earnings forecast.

Cintas Co. (NASDAQ:CTAS) announced its quarterly earnings results on Wednesday, September, 28th. The business services provider reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.24. The business services provider earned $2.17 billion during the quarter, compared to analysts' expectations of $2.08 billion. Cintas had a trailing twelve-month return on equity of 36.63% and a net margin of 15.46%. The firm's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.11 earnings per share.
Read the conference call transcript.

Cintas declared a quarterly dividend on Tuesday, October 25th. Stockholders of record on Tuesday, November 15th will be paid a dividend of $1.15 per share on Thursday, December 15th. This represents a $4.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Monday, November 14th.
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 1.01%. 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 38.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTAS will have a dividend payout ratio of 33.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTAS.

Cintas updated its FY 2023 earnings guidance on Monday, October, 24th. The company provided earnings per share guidance of $12.30-$12.65 for the period, compared to the consensus EPS estimate of $12.27. The company issued revenue guidance of $8.58 billion-$8.67 billion, compared to the consensus revenue estimate of $8.50 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 Vanguard Group Inc. (9.81%), BlackRock Inc. (7.46%), State Street Corp (3.71%), Price T Rowe Associates Inc. MD (1.37%), Brown Advisory Inc. (1.16%) and Royal Bank of Canada (1.06%). 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 $454.24.

Cintas (NASDAQ:CTAS) has a market capitalization of $46.12 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 $11.93 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.