Cintas (NASDAQ:CTAS) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Cintas (NASDAQ:CTAS) posted its quarterly earnings data on Thursday. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01, FiscalAI reports. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. Cintas’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas updated its FY 2026 guidance to 4.810-4.880 EPS.

Cintas Stock Up 2.2%

NASDAQ:CTAS traded up $4.12 during mid-day trading on Thursday, hitting $191.49. The stock had a trading volume of 769,840 shares, compared to its average volume of 1,846,524. The stock has a 50-day simple moving average of $186.43 and a two-hundred day simple moving average of $204.93. The company has a market capitalization of $76.95 billion, a PE ratio of 43.41, a PEG ratio of 3.24 and a beta of 0.96. Cintas has a twelve month low of $180.39 and a twelve month high of $229.24. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Cintas declared that its board has authorized a stock repurchase plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CTAS shares. Citigroup raised their price target on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Royal Bank Of Canada reduced their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. Morgan Stanley dropped their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research note on Monday. Finally, Wells Fargo & Company reiterated a “cautious” rating and set a $185.00 price objective (down previously from $218.00) on shares of Cintas in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Cintas presently has a consensus rating of “Hold” and an average price target of $212.00.

Institutional Trading of Cintas

Several hedge funds and other institutional investors have recently made changes to their positions in CTAS. Brighton Jones LLC increased its stake in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after buying an additional 108 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Cintas by 42.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after buying an additional 428 shares during the period. Modern Wealth Management LLC acquired a new stake in shares of Cintas in the second quarter valued at about $225,000. LMR Partners LLP acquired a new position in shares of Cintas during the second quarter worth approximately $422,000. Finally, ICONIQ Capital LLC increased its holdings in shares of Cintas by 62.7% during the 2nd quarter. ICONIQ Capital LLC now owns 1,816 shares of the business services provider’s stock worth $405,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

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.