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.
Analyst Ratings Changes
A number of research analysts have weighed in on CTAS shares. StockNews.com raised shares of Cintas from a "hold" rating to a "buy" rating in a research note on Saturday, July 23rd. Barclays cut their price objective on shares of Cintas from $500.00 to $435.00 in a research report on Friday, July 15th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Cintas from $517.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday, July 5th. Wells Fargo & Company started coverage on Cintas in a research note on Tuesday, July 12th. They issued an "equal weight" rating and a $393.00 price objective for the company. Finally, Robert W. Baird lowered their price objective on Cintas from $458.00 to $440.00 in a research note on Friday, July 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Cintas currently has a consensus rating of "Moderate Buy" and a consensus price target of $432.00.
Cintas Trading Down 0.1 %
Shares of Cintas stock traded down $0.22 on Monday, reaching $423.39. 3,745 shares of the company's stock were exchanged, compared to its average volume of 518,278. The company has a market capitalization of $42.84 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 3.22 and a beta of 1.45. Cintas has a 52 week low of $343.86 and a 52 week high of $461.44. The firm's 50-day moving average is $386.50 and its two-hundred day moving average is $389.45. 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 (NASDAQ:CTAS - Get Rating) last posted its quarterly earnings results on Thursday, July 14th. The business services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.13. The firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2 billion. Cintas had a return on equity of 35.81% and a net margin of 15.73%. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.47 EPS. Sell-side analysts predict that Cintas will post 12.23 EPS for the current fiscal year.
Cintas Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Monday, August 15th will be issued a $1.15 dividend. This is a boost from Cintas's previous quarterly dividend of $0.95. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, August 12th. Cintas's dividend payout ratio (DPR) is currently 32.62%.