Cintas (NASDAQ:CTAS) Updates FY25 Earnings Guidance

Cintas (NASDAQ:CTAS) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.17-4.25 for the period, compared to the consensus earnings per share 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 Stock Up 0.4 %

CTAS opened at $204.85 on Wednesday. Cintas has a 12 month low of $118.68 and a 12 month high of $209.12. The company has a market cap of $82.61 billion, a P/E ratio of 14.15, a P/E/G ratio of 4.09 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. The business’s 50-day moving average price is $207.74 and its 200-day moving average price is $183.33.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.05. Cintas had a return on equity of 37.82% and a net margin of 16.38%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $0.83 EPS. Cintas’s revenue was up 8.2% compared to the same quarter last year. On average, equities analysts expect that Cintas will post 4.16 EPS for the current year.

Cintas Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $0.39 per share. The ex-dividend date 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 declared that its Board of Directors has initiated a share repurchase plan on Tuesday, July 23rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CTAS shares. Stifel Nicolaus lifted their price objective on Cintas from $166.75 to $199.50 and gave the company a hold rating in a research report on Friday, July 19th. Barclays cut their price objective on Cintas from $850.00 to $210.00 and set an overweight rating on the stock in a research report on Friday, September 13th. Robert W. Baird reaffirmed a neutral rating and set a $193.75 price objective (up from $187.50) on shares of Cintas in a research report on Friday, July 19th. Baird R W cut Cintas from a strong-buy rating to a hold rating in a research report on Friday, July 19th. Finally, UBS Group lifted their price objective on Cintas from $197.50 to $218.50 and gave the company a buy rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $186.30.

Insider Activity at Cintas

In other Cintas news, Director Gerald S. Adolph sold 4,400 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $191.43, for a total value of $842,292.00. Following the completion of the transaction, the director now owns 125,808 shares of the company’s stock, valued at approximately $24,083,425.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. 15.10% of the stock is currently owned by insiders.

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.