Cintas (NASDAQ:CTAS) Issues FY25 Earnings Guidance

Cintas (NASDAQ:CTAS) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.17-4.25 for the period, compared to the consensus estimate of $4.17. The company issued revenue guidance of $10.22-10.32 billion, compared to the consensus revenue estimate of $10.27 billion. Cintas also updated its FY 2025 guidance to 4.170-4.250 EPS.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Cintas from $184.00 to $191.00 and gave the stock an underweight rating in a research note on Thursday. Redburn Atlantic began coverage on shares of Cintas in a research note on Friday, August 9th. They set a neutral rating and a $167.50 price objective for the company. StockNews.com raised shares of Cintas from a hold rating to a buy rating in a research report on Friday, June 14th. Morgan Stanley increased their price target on shares of Cintas from $170.00 to $185.00 and gave the stock an equal weight rating in a research note on Thursday. Finally, Baird R W cut shares of Cintas from a strong-buy rating to a hold rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $197.30.

Cintas Trading Down 0.1 %

NASDAQ:CTAS opened at $207.01 on Friday. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 4.09 and a beta of 1.32. Cintas has a one year low of $118.68 and a one year high of $211.57. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 1.74. The business’s 50-day simple moving average is $208.28 and its 200 day simple moving average is $183.50.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Cintas had a return on equity of 37.82% and a net margin of 16.38%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company posted $3.70 EPS. Cintas’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts predict that Cintas will post 4.16 earnings per share for the current fiscal year.

Cintas Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, August 15th. Cintas’s dividend payout ratio is currently 10.77%.

Cintas announced that its Board of Directors has initiated a share repurchase plan on Tuesday, July 23rd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Cintas

In other Cintas news, Director Gerald S. Adolph sold 4,400 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $191.43, for a total transaction of $842,292.00. Following the completion of the sale, the director now owns 125,808 shares in the company, valued at $24,083,425.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 15.10% of the company’s stock.

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.