Cintas Analysts Boost Their Forecasts After Better-Than-Expected Earnings

Cintas Corporation CTAS reported better-than-expected quarterly EPS and revenues on Thursday.

Cintas reported fourth-quarter earnings per share of $3.99, beating the street view of $3.80. The company registered quarterly revenues of $2.471 billion, beating the street view of $2.468 billion, according to data from Benzinga Pro.

"Strong cash generation continued to fuel our balanced capital allocation strategy, focusing on new products and services for our customers and new technology to further enhance our position for the long-term, investing in strategic acquisitions and on returning capital to shareholders," said Todd M. Schneider, Cintas' President and Chief Executive Officer.

Cintas said it sees FY25 revenue $10.16 billion-$10.31 billion versus the $10.27 billion estimate. The company sees FY25 EPS of $16.25-$16.75 versus the $16.43 estimate.

Cintas shares fell 0.2% to trade at $757.73 on Friday.

These analysts made changes to their price targets on Cintas following the announcement.

• Baird analyst Andrew Wittmann downgraded the rating for Cintas from Outperform to Neutral, but raised the price target from $750 to $775.
• Stifel analyst Shlomo Rosenbaum maintained the stock with a Hold rating, while increasing the price target from $667 to $798.
• Truist Securities analyst Jasper Bibb maintained Cintas with a Buy rating and boosted the price target from $775 to $850.
• Morgan Stanley analyst Toni Kaplan maintained the stock with an Equal-Weight rating and raised the price target from $575 to $625.

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