Cintas (CTAS) Scheduled to Post Quarterly Earnings on Wednesday

Cintas (NASDAQ:CTAS) is set to post its quarterly earnings results before the market opens on Wednesday, September 25th. Analysts expect Cintas to post earnings of $4.02 per share for the quarter. Cintas has set its FY25 guidance at $16.25-16.75 EPS and its FY 2025 guidance at 16.250-16.750 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.05. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.47 billion. Cintas had a return on equity of 37.82% and a net margin of 16.38%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 earnings per share. On average, analysts expect Cintas to post $17 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Cintas Trading Up 0.2 %

NASDAQ CTAS opened at $204.16 on Monday. The stock has a 50-day simple moving average of $206.76 and a 200 day simple moving average of $182.66. The company has a market capitalization of $20.71 billion, a PE ratio of 14.10, a P/E/G ratio of 4.36 and a beta of 1.32. The company has a current ratio of 1.74, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. Cintas has a 12 month low of $118.68 and a 12 month high of $209.12.

Cintas Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. Cintas’s dividend payout ratio is presently 10.77%.

Cintas announced that its board has approved a share repurchase plan on Tuesday, July 23rd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at Cintas

In related news, Director Gerald S. Adolph sold 4,400 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $191.43, for a total transaction of $842,292.00. Following the completion of the transaction, the director now directly owns 125,808 shares of the company’s stock, valued at $24,083,425.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CTAS shares. Stifel Nicolaus increased their price target on Cintas from $166.75 to $199.50 and gave the stock a “hold” rating in a report on Friday, July 19th. Robert W. Baird restated a “neutral” rating and issued a $193.75 price target (up from $187.50) on shares of Cintas in a report on Friday, July 19th. Redburn Atlantic started coverage on Cintas in a report on Friday, August 9th. They issued a “neutral” rating and a $167.50 price target for the company. UBS Group increased their price target on Cintas from $197.50 to $218.50 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Barclays lowered their price target on Cintas from $850.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $186.30.

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.