Cintas (NASDAQ:CTAS) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Cintas (NASDAQ:CTAS) released its earnings results on Wednesday. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05, FiscalAI reports. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Cintas updated its FY 2027 guidance to 5.360-5.500 EPS.

Cintas Stock Up 0.3%

Shares of CTAS opened at $184.33 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. The stock has a market capitalization of $73.75 billion, a price-to-earnings ratio of 52.07, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94. Cintas has a 1 year low of $161.16 and a 1 year high of $226.75. The business’s 50 day simple moving average is $173.67 and its 200-day simple moving average is $182.56.

Analysts Set New Price Targets

CTAS has been the topic of a number of recent analyst reports. Truist Financial decreased their price target on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. Citigroup dropped their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Bank of America decreased their target price on Cintas from $215.00 to $200.00 and set a “neutral” rating on the stock in a research note on Monday, June 29th. Finally, Stifel Nicolaus dropped their price target on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and a consensus price target of $211.25.

Insiders Place Their Bets

In related news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the sale, the director owned 22,448 shares in the company, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Institutional Trading of Cintas

Several hedge funds have recently made changes to their positions in the business. Ausdal Financial Partners Inc. raised its position in shares of Cintas by 2.8% in the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock valued at $510,000 after buying an additional 63 shares during the last quarter. First Manhattan CO. LLC. raised its position in shares of Cintas by 1.2% in the 4th quarter. First Manhattan CO. LLC. now owns 5,604 shares of the business services provider’s stock worth $1,054,000 after buying an additional 68 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Cintas by 2.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,712 shares of the business services provider’s stock worth $707,000 after purchasing an additional 83 shares during the period. Truvestments Capital LLC raised its holdings in Cintas by 5.9% in the fourth quarter. Truvestments Capital LLC now owns 1,706 shares of the business services provider’s stock valued at $321,000 after buying an additional 95 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Cintas by 226.7% during the 4th quarter. Meeder Asset Management Inc. now owns 147 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 102 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.