Cintas Stock Forecast, Price & News

Cintas' stock was trading at $250.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CTAS stock has increased by 27.8% and is now trading at $319.92.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cintas in the last year. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cintas.

Cintas is scheduled to release its next quarterly earnings announcement on Tuesday, December 15th 2020.
View our earnings forecast for Cintas.

Cintas Co. (NASDAQ:CTAS) posted its quarterly earnings results on Wednesday, September, 23rd. The business services provider reported $2.78 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.13 by $0.65. The business services provider earned $1.75 billion during the quarter, compared to the consensus estimate of $1.69 billion. Cintas had a net margin of 13.18% and a return on equity of 27.90%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.32 EPS.
View Cintas' earnings history.

Cintas declared a quarterly dividend on Tuesday, October 27th. Investors of record on Friday, November 6th will be given a dividend of $0.70 per share on Friday, December 4th. This represents a $2.80 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, November 5th. This is an increase from Cintas's previous quarterly dividend of $0.64.
View Cintas' dividend history.

Cintas announced that its board has approved a share repurchase program on Tuesday, October 29th 2019, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Cintas issued an update on its second quarter earnings guidance on Wednesday, September, 23rd. The company provided EPS guidance of $2.00-2.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.09. The company issued revenue guidance of $1.725-1.750 billion, compared to the consensus revenue estimate of $1.75 billion.

12 brokers have issued 12 month target prices for Cintas' stock. Their forecasts range from $175.00 to $400.00. On average, they expect Cintas' stock price to reach $299.80 in the next year. This suggests that the stock has a possible downside of 6.3%.
View analysts' price targets for Cintas.

Cintas saw a decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,280,000 shares, a decrease of 14.1% from the September 15th total of 1,490,000 shares. Based on an average daily volume of 460,500 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.4% of the shares of the company are sold short.
View Cintas' Short Interest.

Some companies that are related to Cintas include Copart (CPRT), Iron Mountain (IRM), UniFirst (UNF), KAR Auction Services (KAR), Healthcare Services Group (HCSG), McGrath RentCorp (MGRC), Viad (VVI) and Performant Financial (PFMT).
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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), The 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 institutional and retail investors. Top institutional shareholders include AMI Asset Management Corp (0.11%), Envestnet Asset Management Inc. (0.10%), Nisa Investment Advisors LLC (0.07%), Braun Stacey Associates Inc. (0.06%), Polaris Wealth Advisory Group LLC (0.06%) and State of New Jersey Common Pension Fund D (0.06%). Company insiders that own Cintas stock include J Michael Hansen, 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 PGGM Investments, Polaris Wealth Advisory Group LLC, Palmer Knight Co, AMI Asset Management Corp, KBC Group NV, NewFocus Financial Group LLC, Dupont Capital Management Corp, and Reik & CO. LLC. Company insiders that have sold Cintas company stock in the last year include J Michael Hansen, Michael Lawrence Thompson, and Ronald W Tysoe.
View insider buying and selling activity for Cintas.

CTAS stock was acquired by a variety of institutional investors in the last quarter, including Jag Capital Management LLC, Columbus Circle Investors, Nisa Investment Advisors LLC, Fenimore Asset Management Inc., State of Alaska Department of Revenue, Sanders Morris Harris LLC, Forsta AP Fonden, and Assenagon Asset Management S.A..
View insider buying and selling activity 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 $319.92.

Cintas has a market capitalization of $33.47 billion and generates $7.09 billion in revenue each year. The business services provider earns $876.04 million in net income (profit) each year or $8.11 on an earnings per share basis. Cintas employs 40,000 workers across the globe.

The official website for Cintas is www.cintas.com.

Cintas' mailing address is 6800 CINTAS BOULEVARD; P O BOX 625737, CINCINNATI OH, 45262. The business services provider can be reached via phone at 513-459-1200 or via email at [email protected]