NASDAQ:CTAS

Cintas (CTAS) Stock Forecast, Price & News

$490.01

-0.15 (-0.03%)

(As of 08/11/2023 08:48 PM ET)

Compare

Today's Range: $488.42
▼
$491.85
50-Day Range: $477.06
▼
$516.52
52-Week Range: $370.93
▼
$518.71

Volume: 272,500 shs
Average Volume: 368,917 shs
Market Capitalization: $49.85 billion

P/E Ratio: 37.75
Dividend Yield: 0.94%
Price Target: $524.00

Cintas MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 6.9% Upside
$524.00 Price Target
Short Interest: Healthy
1.37% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.32
Upright™ Environmental Score
News Sentiment: 0.85
Based on 19 Articles This Week
Insider Trading: Selling Shares
$4.93 M Sold Last Quarter
Proj. Earnings Growth: 10.23%
From $14.18 to $15.63 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Industrial Products Sector

19th out of 175 stocks

Mens' & Boy's Furnishings, Work Clothing, & Allied Garments Industry

3rd out of 6 stocks

2.3

Analyst's Opinion

Consensus Rating
Cintas has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $524.00, Cintas has a forecasted upside of 6.9% from its current price of $490.01.
Amount of Analyst Coverage
Cintas has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.37% of the float of Cintas has been sold short.
Short Interest Ratio / Days to Cover
Cintas has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cintas has recently decreased by 0.83%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
Cintas has a dividend yield of 0.94%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Cintas has been increasing its dividend for 40 years.
Dividend Coverage
The dividend payout ratio of Cintas is 35.44%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Cintas will have a dividend payout ratio of 29.43% next year. This indicates that Cintas will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Cintas has received a 37.13% net impact score from Upright. Cintas seems to create the most significant positive value in categories "Taxes", "Jobs", and "Physical diseases". The positive contribution in the "Physical diseases" impact category is mostly driven by its "First aid kits", "Industrial cleaning services", "Professional laundry services", and "Uniforms" products. See details.
Environmental Sustainability
The Environmental Impact score for Cintas is -2.32.

3.2

News and Social Media Coverage

News Sentiment
Cintas has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for Cintas this week, compared to 7 articles on an average week.
Search Interest
Only 19 people have searched for CTAS on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.
MarketBeat Follows
11 people have added Cintas to their MarketBeat watchlist in the last 30 days. This is an increase of 22% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cintas insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,926,731.00 in company stock.
Percentage Held by Insiders
15.10% of the stock of Cintas is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
62.04% of the stock of Cintas is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Cintas are expected to grow by 10.23% in the coming year, from $14.18 to $15.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cintas is 37.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cintas is 37.75, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.61.
Price to Earnings Growth Ratio
Cintas has a PEG Ratio of 3.18. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Cintas has a P/B Ratio of 12.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cintas (NASDAQ:CTAS) Stock

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. In addition, the company offers first aid and safety services, and fire protection products and services. It provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. Cintas Corporation was founded in 1968 and is based in Cincinnati, Ohio.

CTAS Price History

30 days | 90 days | 365 days | Advanced Chart

CTAS Stock News Headlines

July 17, 2023 | marketbeat.com

These 3 Dividends Are En Fuego (Payouts Soaring up to 385%)

July 14, 2023 | marketbeat.com

Will Cintas Scale a New High in 2023?

Cintas' total returns are on track to top the double-digit mark in 2024; growth is on deck for the business and the dividend.

August 14, 2023 | Behind the Markets (Ad)

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August 12, 2023 | finance.yahoo.com

A Look At The Fair Value Of Cintas Corporation (NASDAQ:CTAS)

August 10, 2023 | benzinga.com

Honda's Recycled Cintas Uniforms Hit the Road in New Vehicles

August 10, 2023 | financialpost.com

Honda’s Recycled Cintas Uniforms Hit the Road in New Vehicles

August 10, 2023 | americanbankingnews.com

Analysts Issue Forecasts for Cintas Co.'s Q2 2025 Earnings (NASDAQ:CTAS)

August 9, 2023 | benzinga.com

Here's How Much You Would Have Made Owning Cintas Stock In The Last 20 Years

August 14, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

August 9, 2023 | americanbankingnews.com

Q1 2024 Earnings Estimate for Cintas Co. (NASDAQ:CTAS) Issued By Zacks Research

August 8, 2023 | finance.yahoo.com

Cintas VP of Taxation Sowmya Aggarwal Earns Forty Under 40 Honors

August 8, 2023 | finance.yahoo.com

Is Cintas Corporation's (NASDAQ:CTAS) Recent Performance Tethered To Its Attractive Financial Prospects?

August 5, 2023 | americanbankingnews.com

Cintas Co. (NASDAQ:CTAS) CAO Michael Lawrence Thompson Sells 5,050 Shares of Stock

August 4, 2023 | americanbankingnews.com

Analysts Set Cintas Co. (NASDAQ:CTAS) Price Target at $524.00

August 3, 2023 | finance.yahoo.com

CTAS- A Business Services Stalwart that Should be Owned

August 3, 2023 | finance.yahoo.com

Investors Should Be Encouraged By Cintas' (NASDAQ:CTAS) Returns On Capital

August 2, 2023 | finance.yahoo.com

Cintas Ranks No. 3 on Selling Power’s 2023 "50 Best Companies to Sell For" List

July 28, 2023 | finance.yahoo.com

This Dividend Growth Machine Just Announced Another 20% Dividend Hike

July 27, 2023 | benzinga.com

Cintas Corporation Announces 17.4% Increase in Quarterly Cash Dividend

July 27, 2023 | technews.tmcnet.com

Cintas Corporation Releases FY23 Impact Report

July 27, 2023 | marketwatch.com

Cintas Raises Quarterly Dividend by 17% to $1.35 >CTAS

July 27, 2023 | finance.yahoo.com

Cintas Corporation Releases Fiscal Year 2023 Impact Report

July 27, 2023 | businesswire.com

Cintas Again Recognized Among “Best Places to Work for Disability Inclusion”

July 26, 2023 | seekingalpha.com

Cintas: Sound Business Model But Grossly Overvalued

July 19, 2023 | uk.finance.yahoo.com

18% Of This Cintas Insider's Holdings Were Sold

July 16, 2023 | finance.yahoo.com

Cintas Corporation (NASDAQ:CTAS) Q4 2023 Earnings Call Transcript

July 15, 2023 | nasdaq.com

Morgan Stanley Maintains Cintas (CTAS) Equal-Weight Recommendation

See More Headlines

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CTAS Company Calendar

Ex-Dividend for 6/15 Dividend: 5/12/2023
Dividend Payable: 6/15/2023
Last Earnings: 7/13/2023
Today: 8/13/2023
Ex-Dividend for 9/15 Dividend: 8/14/2023
Dividend Payable: 9/15/2023
Next Earnings (Estimated): 9/27/2023
Fiscal Year End: 5/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Mens' & boy's furnishings, work clothing, & allied garments
Sub-Industry: Diversified Support Services
Sector: Industrial Products
Current Symbol: NASDAQ:CTAS
CUSIP: 17290810
CIK: 723254
Web: www.cintas.com
Phone: (513) 459-1200
Fax: 513-573-4030
Employees: 44,500
Year Founded: 1968

Price Target and Rating

Average Stock Price Forecast: $524.00
High Stock Price Forecast: $575.00
Low Stock Price Forecast: $441.00
Forecasted Upside/Downside: +6.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $12.98
Trailing P/E Ratio: 37.75
Forward P/E Ratio: 34.56
P/E Growth: 3.18
Net Income: $1.35 billion
Net Margins: 15.29%
Pretax Margin: 19.21%
Return on Equity: 38.09%
Return on Assets: 16.00%

Debt

Debt-to-Equity Ratio: 0.64
Current Ratio: 2.39
Quick Ratio: 1.98

Sales & Book Value

Annual Sales: $8.82 billion
Price / Sales: 5.66
Cash Flow: $17.28 per share
Price / Cash Flow: 28.36
Book Value: $37.99 per share
Price / Book: 12.90

Miscellaneous

Outstanding Shares: 101,740,000
Free Float: 86,379,000
Market Cap: $49.85 billion
Optionable: Optionable
Beta: 1.31

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Key Executives

Mr. Scott D. Farmer (Age 64)
Exec. Chairman
Comp: $1.83M

Mr. Todd M. Schneider (Age 55)
CEO, Pres & Director
Comp: $2.95M

Mr. J. Michael Hansen (Age 55)
CFO & Exec. VP
Comp: $1.6M

Mr. David Brock Denton (Age 47)
Sr. VP, Sec. & Gen. Counsel
Comp: $1.1M

Mr. Michael L. Thompson (Age 57)
Exec. Officer
Comp: $1.53M

Mr. James Rozakis (Age 45)
Exec. VP & COO

Mr. Matt Hough
VP & Chief Information Officer

Mr. Jared S. Mattingley
VP, Treasurer, Investor Relations & Corp. Controller

Ms. Christy M. Nageleisen
VP of Environment, Social & Governance and Chief Compliance Officer

Ms. Michelle Goret
VP of Corp. Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CTAS Stock - Frequently Asked Questions

Should I buy or sell Cintas stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cintas in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CTAS shares.
View CTAS analyst ratings or view top-rated stocks.
What is Cintas' stock price forecast for 2023?: 10 equities research analysts have issued 12 month target prices for Cintas' stock. Their CTAS share price forecasts range from $441.00 to $575.00. On average, they anticipate the company's share price to reach $524.00 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
View analysts price targets for CTAS or view top-rated stocks among Wall Street analysts.
How have CTAS shares performed in 2023?: Cintas' stock was trading at $451.62 on January 1st, 2023. Since then, CTAS stock has increased by 8.5% and is now trading at $490.01.
View the best growth stocks for 2023 here.
When is Cintas' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 27th 2023.
View our CTAS earnings forecast.
How were Cintas' earnings last quarter?: Cintas Co. (NASDAQ:CTAS) posted its quarterly earnings results on Thursday, July, 13th. The business services provider reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.19 by $0.14. The business services provider earned $2.28 billion during the quarter, compared to analysts' expectations of $2.25 billion. Cintas had a net margin of 15.29% and a trailing twelve-month return on equity of 38.09%. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.81 EPS.
Read the conference call transcript.
How often does Cintas pay dividends? What is the dividend yield for Cintas?: Cintas declared a quarterly dividend on Tuesday, July 25th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $1.35 per share on Friday, September 15th. This represents a $5.40 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, August 14th. This is an increase from the stock's previous quarterly dividend of $1.15.
Read our dividend analysis for CTAS.
What ETFs hold Cintas' stock?: ETFs with the largest weight of Cintas (NASDAQ:CTAS) stock in their portfolio include WBI BullBear Quality 3000 ETF (WBIL), VictoryShares THB Mid Cap ESG ETF (MDCP), Profound Medical (PRN), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Putnam Sustainable Future ETF (PFUT), Argent Mid Cap ETF (AMID), Logan Capital Broad Innovative Growth ETF (LCLG) and American Century Low Volatility ETF (LVOL).
Is Cintas a good dividend stock?: Cintas (NASDAQ:CTAS) pays an annual dividend of $4.60 per share and currently has a dividend yield of 0.94%. The company has been increasing its dividend for 40 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTAS will have a dividend payout ratio of 29.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTAS.

What guidance has Cintas issued on next quarter's earnings?: Cintas updated its FY 2024 earnings guidance on Friday, July, 14th. The company provided earnings per share guidance of $13.85-$14.35 for the period, compared to the consensus EPS estimate of $14.29. The company issued revenue guidance of $9.35 billion-$9.50 billion, compared to the consensus revenue estimate of $9.39 billion.
What other stocks do shareholders of Cintas own?: 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).
What is Cintas' stock symbol?: Cintas trades on the NASDAQ under the ticker symbol "CTAS."
Who are Cintas' major shareholders?: Cintas' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.85%), Osaic Holdings Inc. (1.96%), Geode Capital Management LLC (1.90%), Impax Asset Management Group plc (1.16%), Franklin Resources Inc. (1.01%) and Northern Trust Corp (0.92%). Insiders that own company stock include Gerald S Adolph, 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.
How do I buy shares of Cintas?: 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.
Compare Top Brokerages Here.
What is Cintas' stock price today?: One share of CTAS stock can currently be purchased for approximately $490.01.
How much money does Cintas make?: Cintas (NASDAQ:CTAS) has a market capitalization of $49.85 billion and generates $8.82 billion in revenue each year. The business services provider earns $1.35 billion in net income (profit) each year or $12.98 on an earnings per share basis.
How many employees does Cintas have?: The company employs 44,500 workers across the globe.
Does Cintas have any subsidiaries?: The following companies are subsidiares of Cintas: 3305236 Nova Scotia Company, 912501 Ontario Inc., Alltex Uniform Rental Service LLC, Beacon Fire And Safety, CC Dutch Holding B.V., CC Dutch Shredding Holdco B.V., CC Dutch Storage B.V., CC Shredding Holdco LLC, CDS Equipment Holdings LLC, Cintas Canada Limited, Cintas Cleanroom Resources de Mexico S.A. de C.V., Cintas Corporate Services Inc., Cintas Corporation No. 2, Cintas Corporation No. 3, Cintas Distribution LLC, Cintas Holdings LLC, Cintas Holland BV, Cintas Hospitality UK Limited, Cintas Manufacturing LLC, Cintas Netherlands Holdings B.V., Cintas Service Transportation LLC, Cintas de Honduras S.A., Code Shred, Empresa Cintas de Mexico S.A. de C.V., Ensambles de Coahuila S.A. de C.V., G&K Services Co. LLC, G&K Services Holdings LLC, G&K Services LLC, G&K Services LLC, Grand Rapids Coat & Apron Service LLC, Grupo Cintas de Mexico S.A. de C.V., Leef Bros. LLC, Metro Door, Rental Uniform Service of Somerset KY LLC, Sanitizer Supply LLC, Sudbury Mat Rental, The Millennium Mat Company LLC, Unitog, Van Dyne Crotty, ZEE Medical, and Zee Medical Distributors LLC.
Read More
How can I contact Cintas?: 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.

This page (NASDAQ:CTAS) was last updated on 8/14/2023 by MarketBeat.com Staff

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