Cintas (NASDAQ:CTAS) Releases FY25 Earnings Guidance

Cintas (NASDAQ:CTAS) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.17-4.25 for the period, compared to the consensus EPS 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 also updated its FY 2025 guidance to 4.170-4.250 EPS.

Analysts Set New Price Targets

A number of research firms have issued reports on CTAS. Wells Fargo & Company boosted their target price on shares of Cintas from $184.00 to $191.00 and gave the company an underweight rating in a research note on Thursday. Redburn Atlantic initiated coverage on Cintas in a research report on Friday, August 9th. They set a neutral rating and a $167.50 price objective for the company. Stifel Nicolaus raised their target price on Cintas from $166.75 to $199.50 and gave the company a hold rating in a research report on Friday, July 19th. UBS Group boosted their price target on Cintas from $219.00 to $240.00 and gave the stock a buy rating in a research report on Thursday. Finally, Jefferies Financial Group lowered their price target on Cintas from $730.00 to $200.00 and set a hold rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Cintas currently has an average rating of Hold and an average price target of $197.30.

Cintas Stock Down 0.1 %

CTAS stock opened at $207.01 on Friday. The firm has a market cap of $21.00 billion, a PE ratio of 14.30, a P/E/G ratio of 4.09 and a beta of 1.32. Cintas has a 12 month low of $118.68 and a 12 month high of $211.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.74 and a quick ratio of 1.52. The firm has a 50 day simple moving average of $208.28 and a 200 day simple moving average of $183.50.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. Cintas had a return on equity of 37.82% and a net margin of 16.38%. During the same period in the previous year, the firm earned $3.70 earnings per share. Cintas’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts forecast that Cintas will post 4.16 earnings per share for the current fiscal year.

Cintas Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, August 15th. Cintas’s payout ratio is 10.77%.

Cintas declared that its board has authorized a stock repurchase program on Tuesday, July 23rd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Cintas

In other news, Director Gerald S. Adolph sold 4,400 shares of the stock in a transaction on 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 sale, the director now owns 125,808 shares in the company, valued at $24,083,425.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.