Cintas (NASDAQ:CTAS) Updates FY25 Earnings Guidance

Cintas (NASDAQ:CTAS) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.28-4.34 for the period, compared to the consensus earnings per share estimate of $4.24. The company issued revenue guidance of $10.255-10.320 billion, compared to the consensus revenue estimate of $10.28 billion.

Cintas Trading Down 1.9 %

Shares of NASDAQ CTAS opened at $204.39 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $82.43 billion, a PE ratio of 51.61, a PEG ratio of 4.15 and a beta of 1.33. Cintas has a twelve month low of $138.39 and a twelve month high of $228.12. The stock has a fifty day simple moving average of $215.20 and a 200-day simple moving average of $203.00.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. Cintas’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.61 EPS. On average, equities analysts forecast that Cintas will post 4.23 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date was Friday, November 15th. Cintas’s payout ratio is currently 39.39%.

Analyst Upgrades and Downgrades

Several research firms have commented on CTAS. Royal Bank of Canada boosted their price target on shares of Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 26th. Truist Financial upped their price target on Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. The Goldman Sachs Group lifted their price objective on Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Jefferies Financial Group cut their target price on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Finally, UBS Group lifted their price target on shares of Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Cintas presently has an average rating of “Hold” and a consensus price target of $200.77.

About Cintas

Cintas Corporation engages in the provision of 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.