NASDAQ:CTAS - Cintas Stock Price, Forecast & News

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

Cintas declared an annual dividend on Tuesday, October 29th. Shareholders 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 of Directors has initiated a share 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 stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Cintas Co. (NASDAQ:CTAS) announced its quarterly earnings results on Tuesday, December, 17th. The business services provider reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.24. The business services provider had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.82 billion. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 earnings per share. View Cintas' Earnings History.

Cintas is scheduled to release their next quarterly earnings announcement on Thursday, March 19th 2020. View Earnings Estimates for Cintas.

Cintas updated its FY20 earnings guidance on Tuesday, December, 17th. The company provided earnings per share (EPS) guidance of $8.65-8.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.49. The company issued revenue guidance of $7.29-7.33 billion, compared to the consensus revenue estimate of $7.30 billion.

11 analysts have issued 1-year price targets for Cintas' shares. Their forecasts range from $225.00 to $308.00. On average, they expect Cintas' share price to reach $273.60 in the next twelve months. This suggests that the stock has a possible downside of 9.1%. View Analyst Price Targets for Cintas.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cintas in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cintas.

News headlines about CTAS stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cintas earned a news sentiment score of 1.8 on InfoTrie's scale. They also assigned media headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Cintas.

Cintas saw a drop in short interest in January. As of January 15th, there was short interest totalling 3,040,000 shares, a drop of 10.1% from the December 31st total of 3,380,000 shares. Based on an average daily trading volume, of 548,200 shares, the days-to-cover ratio is presently 5.5 days. Currently, 3.7% of the shares of the stock are short sold. View Cintas' Current Options Chain.

Some companies that are related to Cintas include Copart (CPRT), Healthcare Services Group (HCSG), Iron Mountain (IRM), KAR Auction Services (KAR), McGrath RentCorp (MGRC), Mobile Mini (MINI), Performant Financial (PFMT), UniFirst (UNF) and Viad (VVI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cintas investors own include Mastercard (MA), Visa (V), NVIDIA (NVDA), Johnson & Johnson (JNJ), Walt Disney (DIS), Abbott Laboratories (ABT), Adobe (ADBE), Netflix (NFLX), Alibaba Group (BABA) and UnitedHealth Group (UNH).

Cintas' stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (3.72%), FMR LLC (3.26%), Franklin Resources Inc. (1.67%), Goldman Sachs Group Inc. (1.13%), Fred Alger Management LLC (0.70%) and Bank of New York Mellon Corp (0.62%). Company insiders that own Cintas stock include James Phillip Holloman, 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 Renaissance Technologies LLC, Fred Alger Management LLC, State of Michigan Retirement System, Credit Suisse AG, Jennison Associates LLC, Cubist Systematic Strategies LLC, Assenagon Asset Management S.A. and Citigroup Inc.. Company insiders that have sold Cintas company stock in the last year include Joseph Scaminace, Michael Lawrence Thompson and Thomas E Frooman. View Insider Buying and Selling for Cintas.

CTAS stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Findlay Park Partners LLP, FMR LLC, MUFG Securities EMEA plc, UBS Group AG, BNP PARIBAS ASSET MANAGEMENT Holding S.A., ProShare Advisors LLC and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling 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 $300.88.