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NASDAQ:CTAS

Cintas (CTAS) Stock Price, News & Analysis

$683.18
-2.46 (-0.36%)
(As of 11:03 AM ET)
Today's Range
$680.42
$689.29
50-Day Range
$588.89
$642.16
52-Week Range
$438.59
$704.84
Volume
110,170 shs
Average Volume
332,156 shs
Market Capitalization
$69.25 billion
P/E Ratio
49.58
Dividend Yield
0.79%
Price Target
$571.29

Cintas MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
16.7% Downside
$571.29 Price Target
Short Interest
Bearish
1.86% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.00
Upright™ Environmental Score
News Sentiment
0.66mentions of Cintas in the last 14 days
Based on 40 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.16%
From $14.57 to $16.05 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.90 out of 5 stars

Industrial Products Sector

42nd out of 172 stocks

Mens' & Boy's Furnishings, Work Clothing, & Allied Garments Industry

5th out of 6 stocks

CTAS stock logo

About Cintas Stock (NASDAQ:CTAS)

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. In addition, the company offers first aid and safety services, and fire protection products and services. It provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. Cintas Corporation was founded in 1968 and is based in Cincinnati, Ohio. Cintas Corporation was formerly a subsidiary of Cintas Corporation.

CTAS Stock Price History

CTAS Stock News Headlines

Cintas or UniFirst: Investors Win Either Way
Resilient labor markets, foresightful management, and capital returns drive long-term gains for investors in Cintas NASDAQ: CTAS and UniFirst NYSE: UNF; the only question is which is the better buy. The answer depends on numerous factors, including risk tolerance and timeframe.
Cintas or UniFirst: Investors Win Either Way
Cintas and UniFirst are two value-building stocks with a solid trajectory for dividend increases and capital returns; which is the right one for you?
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
This week: Consumer confidence, Cintas earnings, pending home sales
The Conference Board on Tuesday issues its consumer confidence index for March; on Wednesday workplace uniform company Cintas reports its latest earnings and on Thursday the National Association of Realtors releases its pending home sales report for February
4 Stocks Building Long-Term Value for Shareholders
Investing in business growth, acquisitions, improving margins, cash flow, dividends and share repurchases are among the leading drivers of shareholder value today. Oddly, too few companies rely on balanced, long-term strategies that can drive significant increases in value, choosing instead to focus only on growth.
4 Stocks Building Long-Term Value for Shareholders 
Value-building companies like Cintas, Unifirst, Williams-Sonoma, and Casey's General Stores invest in growth, pay dividends, and repurchase shares.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Q3 2024 Cintas Corp Earnings Call
Cintas (CTAS) Receives a Buy from Goldman Sachs
Cintas (NASDAQ:CTAS) Reaches New 12-Month High on Earnings Beat
Why Cintas Stock Popped Today
Cintas Corporation Reveals Advance In Q3 Bottom Line, Beats estimates
Cintas: Fiscal Q3 Earnings Snapshot
3 Dividend Stocks to Buy on the Dip: March 2024
Cintas (NASDAQ:CTAS) Upgraded by StockNews.com to "Buy"
CTAS Apr 2024 750.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/14/2024
Dividend Payable
3/15/2024
Last Earnings
3/27/2024
Today
3/28/2024
Fiscal Year End
5/31/2024
Next Earnings (Estimated)
7/11/2024

Industry, Sector and Symbol

Industry
Mens' & boy's furnishings, work clothing, & allied garments
Sub-Industry
Diversified Support Services
Current Symbol
NASDAQ:CTAS
CUSIP
17290810
Employees
44,500
Year Founded
1968

Price Target and Rating

Average Stock Price Target
$584.20
High Stock Price Target
$765.00
Low Stock Price Target
$441.00
Potential Upside/Downside
-16.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$1.35 billion
Pretax Margin
19.74%

Debt

Sales & Book Value

Annual Sales
$8.82 billion
Cash Flow
$18.73 per share
Book Value
$37.99 per share

Miscellaneous

Free Float
86,064,000
Market Cap
$69.59 billion
Optionable
Optionable
Beta
1.27

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Key Executives

  • Mr. Scott D. Farmer (Age 65)
    Executive Chairman
    Comp: $1.76M
  • Mr. Todd M. Schneider (Age 56)
    CEO, President & Director
    Comp: $3.13M
  • Mr. J. Michael HansenMr. J. Michael Hansen (Age 56)
    CFO & Executive VP
    Comp: $1.66M
  • Mr. David Brock Denton (Age 49)
    Senior VP, Secretary & General Counsel
    Comp: $1.05M
  • Mr. James N. Rozakis (Age 46)
    Executive VP & COO
  • Mr. Matt Hough
    VP & Chief Information Officer
  • Mr. Jared S. Mattingley
    VP, Treasurer, Investor Relations & Corporate Controller
  • Ms. Christy M. Nageleisen
    Vice President of Environment, Social & Governance and Chief Compliance Officer
  • Ms. Michelle Goret
    Vice President of Corporate Affairs
  • Mr. Robert W. Mitchell Jr.
    Chief Marketing Officer

Should I Buy Cintas Stock? CTAS Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Cintas was last updated on Wednesday, March 27, 2024 at 10:54 PM.

Pros

Here are some ways that investors could benefit from investing in Cintas Co.:

  • Cintas Corporation operates in the mens' & boy's furnishings, work clothing, & allied garments industry, which has shown resilience and steady demand.
  • The company provides essential services like uniform rental, facility services, first aid, and safety services, which are crucial for various businesses.
  • Cintas Corporation has a diversified support services subindustry, indicating stability and potential for growth.
  • Recent institutional ownership data shows positive trends, indicating confidence from large investors.
  • The current stock price of Cintas Corporation is competitive within its industry, offering a potentially attractive entry point for investors.

Cons

Investors should be bearish about investing in Cintas Co. for these reasons:

  • Market competition in the uniform rental and facility services sector could impact Cintas Corporation's market share and profitability.
  • Economic downturns or fluctuations could affect businesses' demand for Cintas Corporation's services, leading to revenue challenges.
  • Changes in regulations related to workplace safety or uniform standards could increase operational costs for Cintas Corporation.
  • Fluctuations in raw material prices, such as fabrics for uniforms, could impact the company's margins and profitability.
  • Investors should closely monitor any shifts in consumer preferences or industry trends that could affect Cintas Corporation's business model.

CTAS Stock Analysis - Frequently Asked Questions

Should I buy or sell Cintas stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cintas in the last year. There are currently 6 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CTAS shares.
View CTAS analyst ratings
or view top-rated stocks.

What is Cintas' stock price target for 2024?

14 equities research analysts have issued 1-year price targets for Cintas' shares. Their CTAS share price targets range from $441.00 to $700.00. On average, they expect the company's stock price to reach $571.29 in the next year. This suggests that the stock has a possible downside of 16.7%.
View analysts price targets for CTAS
or view top-rated stocks among Wall Street analysts.

How have CTAS shares performed in 2024?

Cintas' stock was trading at $602.66 on January 1st, 2024. Since then, CTAS stock has increased by 13.8% and is now trading at $685.64.
View the best growth stocks for 2024 here
.

Are investors shorting Cintas?

Cintas saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 1,600,000 shares, an increase of 13.5% from the February 29th total of 1,410,000 shares. Based on an average daily volume of 328,700 shares, the days-to-cover ratio is presently 4.9 days. Currently, 1.9% of the shares of the stock are sold short.
View Cintas' Short Interest
.

When is Cintas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024.
View our CTAS earnings forecast
.

How were Cintas' earnings last quarter?

Cintas Co. (NASDAQ:CTAS) announced its quarterly earnings results on Wednesday, March, 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.26. The business services provider had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. Cintas had a trailing twelve-month return on equity of 36.78% and a net margin of 15.57%. Cintas's revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.14 earnings per share.
Read the conference call transcript
.

How often does Cintas pay dividends? What is the dividend yield for Cintas?

Cintas announced a quarterly dividend on Tuesday, January 16th. Stockholders of record on Thursday, February 15th will be given a dividend of $1.35 per share on Friday, March 15th. This represents a $5.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for CTAS
.

Is Cintas a good dividend stock?

Cintas (NASDAQ:CTAS) pays an annual dividend of $5.40 per share and currently has a dividend yield of 0.85%. The company has been increasing its dividend for 41 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTAS will have a dividend payout ratio of 33.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTAS.

What guidance has Cintas issued on next quarter's earnings?

Cintas updated its FY 2024 earnings guidance on Wednesday, March, 27th. The company provided EPS guidance of 14.800-15.000 for the period, compared to the consensus estimate of 14.600. The company issued revenue guidance of $9.6 billion-$9.6 billion, compared to the consensus revenue estimate of $9.6 billion.

What other stocks do shareholders of Cintas own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cintas investors own include Johnson & Johnson (JNJ), Mastercard (MA), Visa (V), AbbVie (ABBV), Walt Disney (DIS), Walmart (WMT), Home Depot (HD), NVIDIA (NVDA), Medtronic (MDT) and Netflix (NFLX).

Who are Cintas' major shareholders?

Cintas' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.16%), Vanguard Group Inc. (10.16%), Norges Bank (1.43%), Price T Rowe Associates Inc. MD (1.18%), Impax Asset Management Group plc (1.11%) and Royal Bank of Canada (1.03%). Insiders that own company stock include Gerald S Adolph, J Michael Hansen, Joseph Scaminace, Melanie W Barstad, Michael Lawrence Thompson, Thomas E Frooman and Todd M Schneider.
View institutional ownership trends
.

How do I buy shares of Cintas?

Shares of CTAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Cintas have any subsidiaries?
The following companies are subsidiares of Cintas: 3305236 Nova Scotia Company, 912501 Ontario Inc., Alltex Uniform Rental Service LLC, Beacon Fire And Safety, CC Dutch Holding B.V., CC Dutch Shredding Holdco B.V., CC Dutch Storage B.V., CC Shredding Holdco LLC, CDS Equipment Holdings LLC, Cintas Canada Limited, Cintas Cleanroom Resources de Mexico S.A. de C.V., Cintas Corporate Services Inc., Cintas Corporation No. 2, Cintas Corporation No. 3, Cintas Distribution LLC, Cintas Holdings LLC, Cintas Holland BV, Cintas Hospitality UK Limited, Cintas Manufacturing LLC, Cintas Netherlands Holdings B.V., Cintas Service Transportation LLC, Cintas de Honduras S.A., Code Shred, Empresa Cintas de Mexico S.A. de C.V., Ensambles de Coahuila S.A. de C.V., G&K Services Co. LLC, G&K Services Holdings LLC, G&K Services LLC, G&K Services LLC, Grand Rapids Coat & Apron Service LLC, Grupo Cintas de Mexico S.A. de C.V., Leef Bros. LLC, Metro Door, Rental Uniform Service of Somerset KY LLC, Sanitizer Supply LLC, Sudbury Mat Rental, The Millennium Mat Company LLC, Unitog, Van Dyne Crotty, ZEE Medical, and Zee Medical Distributors LLC.
Read More
This page (NASDAQ:CTAS) was last updated on 3/28/2024 by MarketBeat.com Staff

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