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. It also offers first aid and safety services, and fire protection products and services. The company 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 headquartered in Cincinnati, Ohio.
IPO Year: 1983
Exchange: NASDAQ
Website: cintas.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/13/2024 | $735.00 | Underweight | Wells Fargo |
| 8/9/2024 | $670.00 | Neutral | Redburn Atlantic |
| 7/19/2024 | $750.00 → $775.00 | Outperform → Neutral | Robert W. Baird |
| 7/15/2024 | $725.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 5/24/2024 | $530.00 → $570.00 | Neutral → Sell | Citigroup |
| 3/28/2024 | $700.00 → $790.00 | Buy | BofA Securities |
| 3/28/2024 | $675.00 → $725.00 | Outperform | RBC Capital Mkts |
| 3/28/2024 | $680.00 → $790.00 | Buy | UBS |
| 3/28/2024 | $629.00 → $726.00 | Hold | Deutsche Bank |
| 3/28/2024 | $660.00 → $750.00 | Outperform | Robert W. Baird |
Paychex Chairman joins Cintas with expertise in B2B technological innovation and digital transformation Cintas Corporation (NASDAQ:CTAS) today elected Martin "Marty" Mucci to its Board of Directors, effective immediately. Mucci's appointment expands the size of Cintas' Board to 10 Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230411005756/en/Cintas Corporation today elected Martin "Marty" Mucci to its Board of Directors, effectively immediately. Mucci will be an independent director and his appointment expands the size of Cintas' Board to 10 Directors. Mucci is currently Chairman of the Board at Rochester, N.Y.-bas
Frooman to step down from Cintas after 20 years, with the corporation's lead outside counsel formally joining the company to head legal operations. Cintas Corporation (NASDAQ:CTAS) today announced Thomas E. Frooman, Senior Vice President, General Counsel and Secretary, will retire on July 31, 2021. D. Brock Denton, the corporation's long-time lead outside counsel at Keating Muething & Klekamp, PLL, will replace Frooman as Senior Vice President, General Counsel and Secretary beginning Aug. 1, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210426005509/en/D. Brock Denton will become Cintas Corporation's Senior Vice President
CINCINNATI--(BUSINESS WIRE)--Cintas Corporation (NASDAQ:CTAS) today announced Scott D. Farmer, Cintas Chairman & Chief Executive Officer, will retire as CEO on May 31, 2021. Mr. Farmer will remain Executive Chairman, a role he has held since 2016. The company also announced that its Board of Directors has increased the number of Directors from 8 to 9 and elected Todd M. Schneider as Chief Executive Officer & President and a Director of the company, effective June 1, 2021. “It has been a great privilege to serve as Cintas’ CEO for 18 years. The company has grown and changed significantly over that time but our core values and the culture that binds our employee-partners together
OSHA's Voluntary Protection Program (VPP) Star recognizes Cintas location as a top worksite for health and safety management and practices The Occupational Safety and Health Administration (OSHA) formally honored Cintas Corporation's (NASDAQ:CTAS) Rental Division in Joplin, Missouri as a VPP Star-certified location. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114907616/en/Cintas employee-partners at the Joplin location come together to celebrate their VPP certification. (Photo: Business Wire) OSHA established the VPP Star program to recognize outstanding worksites that have implemented effective and comprehensive health
Cintas Corporation (NASDAQ:CTAS) announced that the Company's Board of Directors approved a quarterly cash dividend of $0.39 per share of common stock payable on December 13, 2024, to shareholders of record at the close of business on November 15, 2024. Cintas has a strong record of returning capital to its shareholders and has consistently raised its dividend each year since Cintas' initial public offering 41 years ago in 1983. Any future dividend declarations, including the amount of any dividends, are at the discretion of the Board of Directors and dependent upon then-existing conditions, including the Company's operating results and financial condition, capital requirements, contractua
Cintas Corporation (NASDAQ:CTAS) announced that its Executive Vice President and Chief Financial Officer, Mike Hansen, and Vice President – Treasurer and Investor Relations, Jared Mattingley, will participate in the upcoming J.P. Morgan Ultimate Services Investor Conference in New York City, NY on Thursday, November 14, 2024. Cintas management will participate in a fireside chat and will be available for one-on-one and small group meetings. To schedule a meeting with management, please contact a J.P. Morgan representative. About Cintas Corporation Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by pro
Salt Lake City convenience store awarded $2,500 in Cintas products and services Cintas Corporation (NASDAQ:CTAS) is proud to name Maverik – Adventure's First Stop as the 2024 America's Best Restroom® contest winner. As this year's winner, Maverik's restrooms earned an array of prizes from Cintas. This includes a Cintas UltraClean® restroom cleaning service and $2,500 in Cintas products and services for restroom cleaning or facility management to ensure their restrooms leave a clean and memorable impression, along with a coveted spot in the America's Best Restroom Hall of Fame. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024101
The American Heart Association, Cincinnati Bengals, Cintas and Kettering Health hosted their second annual Hands-Only CPR education event at Paycor Stadium. The Cincinnati Bengals, in collaboration with the American Heart Association, Cintas, and Kettering Health, hosted the second annual Bengals Save The Dey on September 26 at Paycor Stadium. Sponsored by Cintas, this event equipped participants with hands-only CPR skills, enabling them to respond to cardiac emergencies, no matter the time or place. With more than 350,000 sudden cardiac arrests happening outside of hospitals annually, immediate CPR can significantly increase a victim's chances of survival, potentially doubling or tripling
OSHA's VPP Star Program recognizes Cintas location as a top worksite for safety and health management and practices The Occupational Safety and Health Administration (OSHA) formally honored Cintas Corporation's (NASDAQ:CTAS) Rental Division in Hattiesburg, Mississippi as a VPP Star-certified location. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240930559601/en/Cintas' Hattiesburg location came together to celebrate their VPP Star-certification. (Photo: Business Wire) OSHA created the VPP Star program to recognize stand-out worksites with comprehensive, successful safety and health management systems. Companies that have earne
Cintas Corporation (NASDAQ:CTAS) today reported results for its fiscal 2025 first quarter ended August 31, 2024. Revenue for the first quarter of fiscal 2025 was $2.50 billion compared to $2.34 billion in last year's first quarter. First quarter revenue growth was 6.8%, which was negatively impacted by one less workday in the first quarter of fiscal 2025 compared to the first quarter of fiscal 2024. On a same workday basis, first quarter revenue growth was 8.4%. The organic revenue growth rate for the first quarter of fiscal 2025, which adjusts for the impacts of acquisitions, foreign currency exchange rate fluctuations and differences in the number of workdays, was 8.0%. Gross margin for
Two Board members were honored by Savoy Magazine for their exceptional leadership and influence on the company Beverly K. Carmichael and Gerald S. Adolph, both members of the Board of Directors at Cintas Corporation (NASDAQ:CTAS), have been selected to Savoy Magazine's 2024 list of Most Influential Corporate Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240912706872/en/Beverly K. Carmichael and Gerald S. Adolph were honored by Savoy Magazine for their exceptional leadership and influence on the company (Photo: Business Wire) Savoy, a publication that focuses on African American lifestyle, culture and business, has co
Cintas Corporation (NASDAQ:CTAS) today announced that it will release fiscal year 2025 first quarter results on Wednesday, September 25, 2024. The Company will conduct a conference call to address the financial results. A live webcast of the call will be available to individual investors and the public beginning at 10:00 a.m., Eastern Time, on Wednesday, September 25, 2024. The webcast will be available at www.Cintas.com. Click on the webcast icon and then follow instructions. For those unable to listen to the live webcast, a replay will be available on the Company's website beginning approximately two hours after the completion of the live call and will remain available for two weeks. Ci
OSHA's VPP Star Program recognizes Cintas location as a top worksite for safety and health management and practices The Occupational Safety and Health Administration (OSHA) formally honored Cintas Corporation's (NASDAQ:CTAS) Rental location in Milwaukee as a VPP Star-certified location during a ceremony at their facility. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827780757/en/Partners from the Cintas location in Milwaukee celebrate their VPP certification. (Photo: Business Wire) OSHA created the VPP Star program to recognize stand-out worksites with comprehensive, successful safety and health management systems. Compan
Wells Fargo initiated coverage of Cintas with a rating of Underweight and set a new price target of $735.00
Redburn Atlantic initiated coverage of Cintas with a rating of Neutral and set a new price target of $670.00
Robert W. Baird downgraded Cintas from Outperform to Neutral and set a new price target of $775.00 from $750.00 previously
RBC Capital Mkts downgraded Cintas from Outperform to Sector Perform and set a new price target of $725.00
Citigroup downgraded Cintas from Neutral to Sell and set a new price target of $570.00 from $530.00 previously
BofA Securities reiterated coverage of Cintas with a rating of Buy and set a new price target of $790.00 from $700.00 previously
RBC Capital Mkts reiterated coverage of Cintas with a rating of Outperform and set a new price target of $725.00 from $675.00 previously
Deutsche Bank reiterated coverage of Cintas with a rating of Hold and set a new price target of $726.00 from $629.00 previously
UBS reiterated coverage of Cintas with a rating of Buy and set a new price target of $790.00 from $680.00 previously
Robert W. Baird reiterated coverage of Cintas with a rating of Outperform and set a new price target of $750.00 from $660.00 previously
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It is payable on September 3, 2024, to shareholders of record at the close of business on August 15, 2024.
This program is in addition to a current program with $0.5 billion of Cintas common stock remaining. Thus, in total, the Company may buy up to $1.5 billion of Cintas common stock at market prices.
UBS analyst Joshua Chan maintains Cintas (NASDAQ:CTAS) with a Buy and raises the price target from $790 to $874.
Barclays analyst Manav Patnaik maintains Cintas (NASDAQ:CTAS) with a Overweight and raises the price target from $700 to $850.
Cintas Corporation (NASDAQ: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 Offic
Morgan Stanley analyst Toni Kaplan maintains Cintas (NASDAQ:CTAS) with a Equal-Weight and raises the price target from $575 to $625.
Truist Securities analyst Jasper Bibb maintains Cintas (NASDAQ:CTAS) with a Buy and raises the price target from $775 to $850.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Baird analyst Andrew Wittmann downgraded the rating for Cintas Corporation (NASDAQ:CTAS) from Outperform to Neutral, while increasing the price target from $750 to $775. Cintas shares gained 5.4% to settle at $758.97 on Thursday. See how other analysts view this stock. See how other analysts view this stock. RBC Capital analyst Arun Viswanathan downgraded Sealed Air Corporation (NYSE:SEE) from Outperform to Sector Perform, while cutting the price target from $43 to $40. Sealed Air shar
Stifel analyst Shlomo Rosenbaum maintains Cintas (NASDAQ:CTAS) with a Hold and raises the price target from $667 to $798.
Baird analyst Andrew Wittmann downgrades Cintas (NASDAQ:CTAS) from Outperform to Neutral and raises the price target from $750 to $775.
Cintas Corporation (NASDAQ:CTAS) today reported results for its fiscal 2025 first quarter ended August 31, 2024. Revenue for the first quarter of fiscal 2025 was $2.50 billion compared to $2.34 billion in last year's first quarter. First quarter revenue growth was 6.8%, which was negatively impacted by one less workday in the first quarter of fiscal 2025 compared to the first quarter of fiscal 2024. On a same workday basis, first quarter revenue growth was 8.4%. The organic revenue growth rate for the first quarter of fiscal 2025, which adjusts for the impacts of acquisitions, foreign currency exchange rate fluctuations and differences in the number of workdays, was 8.0%. Gross margin for
Cintas Corporation (NASDAQ:CTAS) today announced that it will release fiscal year 2025 first quarter results on Wednesday, September 25, 2024. The Company will conduct a conference call to address the financial results. A live webcast of the call will be available to individual investors and the public beginning at 10:00 a.m., Eastern Time, on Wednesday, September 25, 2024. The webcast will be available at www.Cintas.com. Click on the webcast icon and then follow instructions. For those unable to listen to the live webcast, a replay will be available on the Company's website beginning approximately two hours after the completion of the live call and will remain available for two weeks. Ci
Cintas Corporation (NASDAQ:CTAS) today reported results for its fiscal 2024 fourth quarter ended May 31, 2024. Revenue for the fourth quarter of fiscal 2024 was $2.47 billion compared to $2.28 billion in last year's fourth quarter, an increase of 8.2%. The organic revenue growth rate for the fourth quarter of fiscal 2024, which adjusts for the impacts of acquisitions, foreign currency exchange rate fluctuations and workday differences, was 7.5%. Gross margin for the fourth quarter of fiscal 2024 was $1,215.4 million compared to $1,088.8 million in last year's fourth quarter, an increase of 11.6%. Gross margin as a percentage of revenue was 49.2% for the fourth quarter of fiscal 2024 compa
Cintas Corporation (NASDAQ:CTAS) today announced that it will release fiscal year 2024 fourth quarter and full year results on Thursday, July 18, 2024. The Company will conduct a conference call to address the financial results. A live webcast of the call will be available to individual investors and the public beginning at 10:00 a.m., Eastern Time, on Thursday, July 18, 2024. The webcast will be available at www.Cintas.com. Click on the webcast icon and then follow instructions. For those unable to listen to the live webcast, a replay will be available on the Company's website beginning approximately two hours after the completion of the live call and will remain available for two weeks.
Stock split to increase accessibility to all investors, including Cintas employee-partners. Cintas Corporation (NASDAQ:CTAS), a leading provider of business-to-business services, today announced that its Board of Directors approved a four-for-one split of its common stock. Shareholders of record, as of September 4, 2024, will receive three additional shares for each share held, which will be distributed after market close on September 11, 2024. Cintas' shares are expected to begin trading on a post-split basis at the market open on Thursday, September 12, 2024. Prior to this announcement, Cintas' most recent stock split was in 2000. "At Cintas, we call our employees ‘partners' in recogn
Cintas Corporation (NASDAQ:CTAS) today reported results for its fiscal 2024 third quarter ended February 29, 2024. Revenue for the third quarter of fiscal 2024 was $2.41 billion compared to $2.19 billion in last year's third quarter, an increase of 9.9%. The organic revenue growth rate for the third quarter of fiscal 2024, which adjusts for the impacts of acquisitions, foreign currency exchange rate fluctuations and differences in the number of workdays, was 7.7%. Gross margin for the third quarter of fiscal 2024 was $1.19 billion compared to $1.03 billion in last year's third quarter, an increase of 14.9%. Gross margin as a percentage of revenue was 49.4% for the third quarter of fiscal
Cintas Corporation (NASDAQ:CTAS) today announced that it will release fiscal year 2024 third quarter results on Wednesday, March 27, 2024. The Company will conduct a conference call to address the financial results. A live webcast of the call will be available to individual investors and the public beginning at 10:00 a.m., Eastern Time, on Wednesday, March 27, 2024. The webcast will be available at www.Cintas.com. Click on the webcast icon and then follow instructions. For those unable to listen to the live webcast, a replay will be available on the Company's website beginning approximately two hours after the completion of the live call and will remain available for two weeks. About Ci
Cintas continues to grow with the latest acquisition of a Pennsylvania-based uniform and facility services company. Cintas Corporation (NASDAQ:CTAS) has acquired Paris Uniform Services, a Pennsylvania-based, family-owned supplier of uniform and facility services. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240313329070/en/Cintas Corporation has acquired Paris Uniform Services, a Pennsylvania-based, family-owned supplier of uniform and facility services. (Photo: Business Wire) Paris Uniform Services was founded in 1978 as a subsidiary of Paris Cleaners. Prior to the acquisition, David Stern served as CEO of the company. Par
The business services leader continues to expand its footprint with its latest acquisition. Cintas Corporation (NASDAQ:CTAS) has acquired SITEX, a Kentucky-based, family-owned supplier of uniform and facility service programs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220421330/en/Cintas acquires SITEX. (Photo: Business Wire) SITEX was founded by the Sights family in Henderson, Kentucky in 1961. Currently, Wes Sights serves as CEO of SITEX, which has five different locations servicing customers in a four-state region, including Illinois, Indiana, Kentucky and Tennessee. "The Sights family has grown SITEX into a stron
Cintas Corporation (NASDAQ:CTAS) today reported results for its fiscal 2024 second quarter ended November 30, 2023. Revenue for the second quarter of fiscal 2024 was $2.38 billion compared to $2.17 billion in last year's second quarter, an increase of 9.3%. The organic revenue growth rate for the second quarter of fiscal 2024, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 9.0%. Gross margin for the second quarter of fiscal 2024 was $1.14 billion compared to $1.02 billion in last year's second quarter, an increase of 11.6%. Gross margin as a percentage of revenue was 48.0% for the second quarter of fiscal 2024 compared to 47.0% in last y