Cintas (NASDAQ:CTAS) Issues Earnings Results, Beats Estimates By $0.08 EPS

Cintas (NASDAQ:CTAS) announced its quarterly earnings results on Thursday. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08, Briefing.com reports. The company 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 firm earned $3.61 EPS. Cintas updated its FY25 guidance to $4.28-4.34 EPS.

Cintas Stock Down 1.9 %

CTAS stock opened at $204.39 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. The company’s 50 day simple moving average is $215.20 and its 200-day simple moving average is $203.00. Cintas has a 12 month low of $138.39 and a 12 month high of $228.12. The firm has a market capitalization of $82.43 billion, a PE ratio of 51.61, a P/E/G ratio of 4.15 and a beta of 1.33.

Cintas Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Robert W. Baird boosted their price target on Cintas from $194.00 to $209.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Royal Bank of Canada upped their target price on Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a report on Thursday, September 26th. Morgan Stanley increased their price target on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Wells Fargo & Company increased their target price on Cintas from $184.00 to $191.00 and gave the stock an “underweight” rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group increased their price target on shares of Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.