Cintas Co. Forecasted to Earn Q4 2024 Earnings of $3.75 Per Share (NASDAQ:CTAS)

Cintas Co. (NASDAQ:CTASFree Report) – Analysts at Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for Cintas in a research report issued on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the business services provider will earn $3.75 per share for the quarter, up from their previous estimate of $3.67. The consensus estimate for Cintas’ current full-year earnings is $14.96 per share. Zacks Research also issued estimates for Cintas’ Q1 2025 earnings at $3.89 EPS, Q2 2025 earnings at $4.02 EPS, Q4 2025 earnings at $4.21 EPS, FY2025 earnings at $16.21 EPS and Q2 2026 earnings at $4.30 EPS.

Several other research firms also recently weighed in on CTAS. UBS Group increased their target price on Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft upped their price target on Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Oppenheimer restated a “market perform” rating on shares of Cintas in a research note on Monday, April 1st. Stifel Nicolaus upped their price target on Cintas from $526.00 to $585.00 and gave the stock a “hold” rating in a research note on Friday, December 22nd. Finally, Royal Bank of Canada upped their price target on Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $661.21.

Get Our Latest Analysis on Cintas

Cintas Stock Performance

NASDAQ CTAS opened at $668.51 on Thursday. The business’s 50-day moving average price is $641.27 and its 200 day moving average price is $585.47. Cintas has a twelve month low of $438.59 and a twelve month high of $704.84. The company has a market capitalization of $67.77 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 3.89 and a beta of 1.27. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58.

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

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, May 14th. Cintas’s dividend payout ratio is presently 37.29%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Simplicity Solutions LLC lifted its holdings in shares of Cintas by 117.7% in the 4th quarter. Simplicity Solutions LLC now owns 3,224 shares of the business services provider’s stock worth $1,943,000 after purchasing an additional 1,743 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Cintas in the 4th quarter worth approximately $8,015,000. Comerica Bank bought a new stake in shares of Cintas in the 3rd quarter worth approximately $10,866,000. Nordea Investment Management AB lifted its holdings in shares of Cintas by 16.6% in the 4th quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock worth $360,637,000 after purchasing an additional 85,662 shares during the last quarter. Finally, Zions Bancorporation N.A. lifted its holdings in shares of Cintas by 8.6% in the 3rd quarter. Zions Bancorporation N.A. now owns 3,461 shares of the business services provider’s stock worth $1,665,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

About Cintas

(Get Free Report)

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.

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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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