Research Analysts Offer Predictions for Cintas Co.’s Q4 2024 Earnings (NASDAQ:CTAS)

Cintas Co. (NASDAQ:CTAS) – Equities researchers at Zacks Research increased their Q4 2024 earnings estimates for shares of Cintas in a research report issued on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $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 analysts also recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Oppenheimer reiterated a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Barclays lifted their target price on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. StockNews.com upgraded shares of Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Finally, Truist Financial lifted their target price on shares of Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Cintas has a consensus rating of “Moderate Buy” and an average target price of $661.21.

Cintas Stock Down 0.2 %

CTAS stock opened at $661.29 on Thursday. 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 has a 1 year low of $438.59 and a 1 year high of $704.84. The company has a fifty day simple moving average of $643.04 and a 200 day simple moving average of $587.23. The firm has a market cap of $67.04 billion, a PE ratio of 45.67, a PEG ratio of 3.91 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the business earned $3.14 EPS. Cintas’s quarterly revenue was up 9.9% compared to the same quarter last year.

Institutional Trading of Cintas

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simplicity Solutions LLC increased its stake in Cintas by 117.7% in the fourth quarter. Simplicity Solutions LLC now owns 3,224 shares of the business services provider’s stock valued at $1,943,000 after acquiring an additional 1,743 shares during the period. Louisiana State Employees Retirement System bought a new stake in Cintas in the fourth quarter valued at about $8,015,000. Comerica Bank acquired a new position in Cintas in the third quarter valued at about $10,866,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cintas by 91.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,642 shares of the business services provider’s stock valued at $29,315,000 after buying an additional 23,197 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Cintas by 16.6% in the fourth quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock valued at $360,637,000 after buying an additional 85,662 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be paid a $1.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a yield of 0.82%. Cintas’s payout ratio is currently 37.29%.

Cintas Company Profile

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.