Cintas Co. (NASDAQ:CTAS) Announces Quarterly Dividend of $0.39

Cintas Co. (NASDAQ:CTAS) declared a quarterly dividend on Tuesday, January 14th,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.39 per share by the business services provider on Friday, March 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.81%.

Cintas has raised its dividend payment by an average of 19.6% annually over the last three years and has raised its dividend every year for the last 42 years. Cintas has a payout ratio of 29.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cintas to earn $4.64 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 33.6%.

Cintas Trading Up 0.9 %

NASDAQ CTAS opened at $192.28 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Cintas has a 12 month low of $146.29 and a 12 month high of $228.12. The company has a market capitalization of $77.55 billion, a PE ratio of 48.56, a P/E/G ratio of 4.16 and a beta of 1.33. The stock has a 50-day simple moving average of $206.61 and a 200 day simple moving average of $204.87.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business posted $3.61 EPS. Cintas’s revenue was up 7.8% on a year-over-year basis. Research analysts forecast that Cintas will post 4.23 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on CTAS shares. Barclays lifted their target price on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Morgan Stanley lifted their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Robert W. Baird lowered their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. UBS Group dropped their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, The Goldman Sachs Group reduced their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $198.46.

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.