Cintas Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts – Cintas (NASDAQ:CTAS)

Cintas Corporation CTAS will release earnings results for its first quarter, before the opening bell on Wednesday, Sept. 25.

Analysts expect the Cincinnati, Ohio-based company to report quarterly earnings at 95 cents per share, up from 92 cents per share in the year-ago period. Cintas projects to report revenue of $2.5 billion for the quarter, according to data from Benzinga Pro.

On July 23, Cintas raised its quarterly cash dividend by 15.6% from $1.35 to $1.56 per share.

Cintas shares fell 0.1% to close at $57.59 on Friday.

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.

• Truist Securities analyst Jasper Bibb maintained a Buy rating and raised the price target from $212.5 to $225 on Sept. 17. This analyst has an accuracy rate of 67%.
• Barclays analyst Manav Patnaik maintained an Overweight rating and cut the price target from $850 to $210 on Sept. 13. This analyst has an accuracy rate of 80%.
• Wells Fargo analyst Jason Haas initiated coverage on the stock with an Underweight rating and a price target of $183.75 on Aug. 12. This analyst has an accuracy rate of 63%.
• UBS analyst Joshua Chan maintained a Buy rating and raised the price target from $197.5 to $218.5 on July 19. This analyst has an accuracy rate of 75%.
• Morgan Stanley analyst Toni Kaplan maintained an Equal-Weight rating and increased the price target from $143.75 to $156.25 on July 19. This analyst has an accuracy rate of 73%.

Considering buying CTAS stock? Here’s what analysts think:

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