Cintas (CTAS) to Release Earnings on Wednesday

Cintas (NASDAQ:CTAS) is expected to issue its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $1.05 per share and revenue of $2.60 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Cintas Stock Performance

Shares of Cintas stock opened at $194.57 on Tuesday. The firm has a market cap of $78.52 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. Cintas has a 1 year low of $158.10 and a 1 year high of $228.12. The firm’s 50-day simple moving average is $200.54 and its 200-day simple moving average is $208.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s payout ratio is currently 37.59%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CTAS shares. Robert W. Baird dropped their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Truist Financial dropped their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company decreased their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Morgan Stanley increased their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, Citigroup assumed coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Cintas has a consensus rating of “Hold” and a consensus target price of $199.79.

Institutional Investors Weigh In On Cintas

A hedge fund recently raised its stake in Cintas stock. Brighton Jones LLC lifted its stake in Cintas Co. (NASDAQ:CTAS) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,268 shares of the business services provider’s stock after acquiring an additional 108 shares during the period. Brighton Jones LLC’s holdings in Cintas were worth $232,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 63.46% 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.