Cintas Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Cintas Corporation CTAS is expected to release earnings results for its third quarter, before the opening bell on March 27, 2024.

Analysts expect the Cincinnati, Ohio-based company to report quarterly earnings at $3.58 per share, up from $3.14 per share in the year-ago period. Cintas is projected to report quarterly revenue of $2.39 billion, according to data from Benzinga Pro.

On Dec. 21, Cintas reported better-than-expected seconc-quarter financial results and raised FY24 guidance.

Cintas shares fell 0.6% to close at $635.66 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• RBC Capital analyst Ashish Sabadra maintained an Outperform rating and raised the price target from $645 to $675 on March 8, 2024. This analyst has an accuracy rate of 69%.
• Barclays analyst Manav Patnaik maintained an Overweight rating and boosted the price target from 630 to $700 on Feb. 29, 2024. This analyst has an accuracy rate of 76%.
• Truist Securities analyst Jasper Bibb maintained a Buy rating and raised the price target from $645 to $660 on Jan. 25, 2024. This analyst has an accuracy rate of 62%.
• Stifel analyst Shlomo Rosenbaum maintained a Hold rating and increased the price target from $526 to $585 on Dec. 22, 2023. This analyst has an accuracy rate of 68%.
• JP Morgan analyst Andrew Steinerman maintained an Overweight rating and boosted the price target from $540 to $640 on Dec. 22, 2023. This analyst has an accuracy rate of 81%.

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