FY2027 Earnings Forecast for Cintas Issued By Zacks Research

Cintas Co. (NASDAQ:CTAS) – Equities research analysts at Zacks Research lifted their FY2027 EPS estimates for Cintas in a research note issued to investors on Thursday, December 12th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $5.00 per share for the year, up from their prior estimate of $4.99. The consensus estimate for Cintas’ current full-year earnings is $4.23 per share.

Other research analysts have also recently issued research reports about the stock. Barclays upped their target price on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Robert W. Baird upped their price objective on shares of Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Wells Fargo & Company lifted their target price on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a report on Thursday, September 26th. The Goldman Sachs Group upped their price target on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada lifted their price objective on Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $200.77.

Cintas Stock Performance

Shares of Cintas stock opened at $211.59 on Friday. The firm has a market cap of $85.33 billion, a PE ratio of 53.43, a price-to-earnings-growth ratio of 4.15 and a beta of 1.33. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. Cintas has a 52 week low of $138.39 and a 52 week high of $228.12. The business’s fifty day simple moving average is $215.00 and its 200-day simple moving average is $201.62.

Cintas (NASDAQ:CTAS) last announced its quarterly 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 business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.70 EPS.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, November 15th. Cintas’s dividend payout ratio (DPR) is presently 39.39%.

Institutional Trading of Cintas

A number of institutional investors have recently bought and sold shares of CTAS. Blue Trust Inc. lifted its position in Cintas by 269.4% in the second quarter. Blue Trust Inc. now owns 410 shares of the business services provider’s stock valued at $282,000 after acquiring an additional 299 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in shares of Cintas in the second quarter valued at approximately $15,236,000. Unique Wealth LLC acquired a new position in shares of Cintas in the 2nd quarter valued at $246,000. Sumitomo Life Insurance Co. raised its position in Cintas by 35.3% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 4,290 shares of the business services provider’s stock valued at $3,004,000 after purchasing an additional 1,119 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its stake in Cintas by 187.5% during the 2nd quarter. Oakworth Capital Inc. now owns 230 shares of the business services provider’s stock worth $161,000 after purchasing an additional 150 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

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.