Cintas (CTAS) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cintas in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CTAS shares.
View CTAS analyst ratings or view top-rated stocks.

8 analysts have issued twelve-month price targets for Cintas' stock. Their CTAS share price forecasts range from $419.00 to $540.00. On average, they expect the company's share price to reach $501.25 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for CTAS or view top-rated stocks among Wall Street analysts.

Cintas' stock was trading at $451.62 at the start of the year. Since then, CTAS shares have increased by 4.2% and is now trading at $470.48.
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Cintas saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,100,000 shares, a drop of 10.6% from the April 15th total of 1,230,000 shares. Based on an average daily volume of 336,800 shares, the days-to-cover ratio is currently 3.3 days. Currently, 1.3% of the company's shares are sold short.
View Cintas' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 13th 2023.
View our CTAS earnings forecast.

Cintas Co. (NASDAQ:CTAS) announced its quarterly earnings data on Wednesday, March, 29th. The business services provider reported $3.14 EPS for the quarter, beating the consensus estimate of $3.01 by $0.13. The business services provider had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.15 billion. Cintas had a trailing twelve-month return on equity of 38.12% and a net margin of 15.06%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 EPS.
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Cintas declared a quarterly dividend on Tuesday, April 11th. Stockholders of record on Monday, May 15th will be given a dividend of $1.15 per share on Thursday, June 15th. This represents a $4.60 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, May 12th.
Read our dividend analysis for CTAS.

ETFs with the largest weight of Cintas (NASDAQ:CTAS) stock in their portfolio include ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), WBI BullBear Quality 3000 ETF (WBIL), VictoryShares THB Mid Cap ESG ETF (MDCP), Invesco DWA Industrials Momentum ETF (PRN), Putnam Sustainable Future ETF (PFUT), Argent Mid Cap ETF (AMID) and Siren DIVCON Leaders Dividend ETF (LEAD).

Cintas (NASDAQ:CTAS) pays an annual dividend of $4.60 per share and currently has a dividend yield of 0.97%. The company has been increasing its dividend for 39 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTAS will have a dividend payout ratio of 32.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTAS.

Cintas updated its FY 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share guidance of $12.70-$12.90 for the period, compared to the consensus EPS estimate of $12.73. The company issued revenue guidance of $8.74 billion-$8.80 billion, compared to the consensus revenue estimate of $8.73 billion.

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).

Cintas trades on the NASDAQ under the ticker symbol "CTAS."

Cintas' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.81%), State Street Corp (3.70%), FMR LLC (2.07%), Geode Capital Management LLC (1.84%), Price T Rowe Associates Inc. MD (1.40%) and Impax Asset Management Group plc (1.23%). Insiders that own company stock include J Michael Hansen, Joseph Scaminace, Melanie W Barstad, Michael Lawrence Thompson, Ronald W Tysoe, Thomas E Frooman and Todd M Schneider.
View institutional ownership trends.

Shares of CTAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CTAS stock can currently be purchased for approximately $470.48.

Cintas (NASDAQ:CTAS) has a market capitalization of $47.85 billion and generates $7.85 billion in revenue each year. The business services provider earns $1.24 billion in net income (profit) each year or $12.46 on an earnings per share basis.

The company employs 43,000 workers across the globe.

Cintas' mailing address is 6800 CINTAS BOULEVARD; P O BOX 625737, CINCINNATI OH, 45262. The official website for the company is www.cintas.com. The business services provider can be reached via phone at (513) 459-1200, via email at webmaster@cintasmail.com, or via fax at 513-573-4030.