Cintas - CTAS Stock Forecast, Price & News

7 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 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CTAS shares.
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7 analysts have issued twelve-month price objectives for Cintas' shares. Their CTAS share price forecasts range from $401.00 to $530.00. On average, they predict the company's share price to reach $476.10 in the next year. This suggests a possible upside of 9.2% from the stock's current price.
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Cintas' stock was trading at $451.62 at the beginning of the year. Since then, CTAS stock has decreased by 3.5% and is now trading at $435.96.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023.
View our CTAS earnings forecast.

Cintas Co. (NASDAQ:CTAS) released its quarterly earnings data on Wednesday, December, 21st. The business services provider reported $3.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.03 by $0.09. The business services provider had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.13 billion. Cintas had a trailing twelve-month return on equity of 37.89% and a net margin of 15.35%. The business's revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the business earned $2.76 EPS.

Cintas announced a quarterly dividend on Tuesday, January 10th. Investors of record on Wednesday, February 15th will be paid a dividend of $1.15 per share on Wednesday, March 15th. This represents a $4.60 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, February 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 1.05%. The company has been increasing its dividend for 39 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTAS will have a dividend payout ratio of 32.97% 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 Wednesday, December, 21st. The company provided EPS guidance of $12.50-$12.80 for the period, compared to the consensus EPS estimate of $12.58. The company issued revenue guidance of $8.67 billion-$8.75 billion, compared to the consensus revenue estimate of $8.63 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 Fort Washington Investment Advisors Inc. OH (1.05%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Strs Ohio (0.15%), Fifth Third Bancorp (0.12%), AMI Asset Management Corp (0.11%) and New York State Teachers Retirement System (0.09%). 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.
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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 $435.96.

Cintas (NASDAQ:CTAS) has a market capitalization of $44.30 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 $12.29 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.