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

Cintas Co. (NASDAQ:CTAS) – Investment analysts at Zacks Research raised their Q4 2024 earnings per share estimates for shares of Cintas in a research note issued on Wednesday, April 17th. Zacks Research analyst R. Department now expects that the business services provider will earn $3.75 per share for the quarter, up from their prior 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.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the firm posted $3.14 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group increased their price target on Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Barclays lifted their price target on Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Truist Financial upped their price objective on Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Robert W. Baird raised their price objective on shares of Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th. 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 company has an average rating of “Moderate Buy” and a consensus price target of $661.21.

Cintas Trading Down 0.9 %

Shares of Cintas stock opened at $662.44 on Thursday. The firm’s 50 day moving average is $642.18 and its 200 day moving average is $586.01. The firm has a market capitalization of $67.15 billion, a PE ratio of 45.75, a price-to-earnings-growth ratio of 3.90 and a beta of 1.27. Cintas has a 1 year low of $438.59 and a 1 year high of $704.84. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58.

Institutional Trading of Cintas

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Cintas by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 10,299,288 shares of the business services provider’s stock worth $6,206,969,000 after acquiring an additional 112,361 shares during the period. FMR LLC increased its holdings in shares of Cintas by 5.5% in the third quarter. FMR LLC now owns 2,352,581 shares of the business services provider’s stock worth $1,131,615,000 after purchasing an additional 123,468 shares during the period. Geode Capital Management LLC raised its position in shares of Cintas by 2.3% in the first quarter. Geode Capital Management LLC now owns 1,871,093 shares of the business services provider’s stock worth $863,795,000 after buying an additional 41,237 shares in the last quarter. Norges Bank bought a new stake in Cintas during the fourth quarter valued at $872,895,000. Finally, Price T Rowe Associates Inc. MD grew its position in Cintas by 8.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,419,068 shares of the business services provider’s stock worth $656,575,000 after buying an additional 115,712 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Dividend Announcement

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

About Cintas

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.