FY2024 EPS Estimates for Cintas Co. Increased by Analyst (NASDAQ:CTAS)

Cintas Co. (NASDAQ:CTAS) – Equities research analysts at Zacks Research lifted their FY2024 EPS estimates for Cintas in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $14.90 per share for the year, up from their prior estimate of $14.45. The consensus estimate for Cintas’ current full-year earnings is $14.96 per share. Zacks Research also issued estimates for Cintas’ Q3 2025 earnings at $4.09 EPS, Q1 2026 earnings at $4.44 EPS, Q3 2026 earnings at $4.46 EPS and FY2026 earnings at $17.59 EPS.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm earned $3.14 earnings per share. Cintas’s quarterly revenue was up 9.9% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on the stock. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. Truist Financial boosted their price target on shares of Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Royal Bank of Canada boosted their price target on shares of Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Stifel Nicolaus boosted their price target on shares of Cintas from $526.00 to $585.00 and gave the company a “hold” rating in a research note on Friday, December 22nd. Finally, Barclays upped their target price on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cintas has a consensus rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas Price Performance

Shares of CTAS stock opened at $661.29 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. The firm’s 50-day moving average is $643.04 and its two-hundred day moving average is $587.23. Cintas has a 12 month low of $438.59 and a 12 month high of $704.84. The company has a market capitalization of $67.04 billion, a PE ratio of 45.67, a price-to-earnings-growth ratio of 3.91 and a beta of 1.27.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Marshall Financial Group LLC boosted its holdings in shares of Cintas by 5.9% in the 1st quarter. Marshall Financial Group LLC now owns 2,013 shares of the business services provider’s stock valued at $1,383,000 after buying an additional 112 shares in the last quarter. Retirement Guys Formula LLC acquired a new stake in Cintas during the 1st quarter worth $743,000. ZRC Wealth Management LLC acquired a new stake in Cintas during the 1st quarter worth $45,000. First Trust Direct Indexing L.P. boosted its stake in Cintas by 18.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 1,983 shares of the business services provider’s stock worth $1,363,000 after purchasing an additional 305 shares during the period. Finally, Norden Group LLC boosted its stake in Cintas by 3,915.0% during the 1st quarter. Norden Group LLC now owns 14,976 shares of the business services provider’s stock worth $10,291,000 after purchasing an additional 14,603 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s payout ratio is 37.29%.

About Cintas

Cintas Corporation provides 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.