Cintas (NASDAQ:CTAS – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.280-4.340 for the period, compared to the consensus estimate of 4.240. The company issued revenue guidance of $10.3 billion-$10.3 billion, compared to the consensus revenue estimate of $10.3 billion. Cintas also updated its FY25 guidance to $4.28-4.34 EPS.
Analysts Set New Price Targets
Several brokerages recently commented on CTAS. Barclays boosted their price target on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Truist Financial upped their price target on Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Wells Fargo & Company cut their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday. Robert W. Baird decreased their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Jefferies Financial Group dropped their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Two equities research 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, the company currently has an average rating of “Hold” and an average target price of $199.70.
Read Our Latest Research Report on Cintas
Cintas Stock Performance
Cintas (NASDAQ:CTAS – Get Free Report) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $2.56 billion for 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%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $3.61 earnings per share. Equities research analysts forecast that Cintas will post 4.23 EPS for the current year.
Cintas Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were paid a $0.39 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.85%. Cintas’s payout ratio is 39.39%.
Cintas Company Profile
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.
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