Cintas (NASDAQ:CTAS) Stock

CINTAS CORP

Cintas

Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.

Cintas Corp

Many investors start their journey by buying <a href="https://www.benzinga.com/25/03/44565770/30-year-old-with-65k-in-stocks-sparks-debate-focusing-mostly-on-etfs-but-now-betting-on-bonds-small-caps-and-international-plays">stocks</a> they like, chasing dividends, or diversifying across various assets, only to later realize their portfolio needs a serious overhaul.
Whether it's portfolio allocation, dividend investing, or <a href="https://in.benzinga.com/25/03/44553948/investor-with-640k-portfolio-aims-for-early-retirement-hoping-to-retire-in-5-years-or-less-but-faces-tough-choices-reddit-weights-in">early retirement</a> planning, the right strategy depends on clear financial goals. There are investors who hunt for high-yield <a href="https://in.benzinga.com/personal-finance/25/03/44551261/early-retiree-making-17000-a-year-in-dividends-shares-top-7-stock-picks-says-ive-zero-regrets">dividends</a> while others prioritize growth, only to find that their holdings are too scattered or underperforming.
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<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
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One such investor, a 36-year-old with a $253,542 stock portfolio has recently turned to Reddit for advice. Despite his substantial holdings, he earns just $4,200 in annual dividends and admits his investments are &#8220;all over the place.&#8221;
&#8220;I feel like my portfolio is all over the place. I certainly don't feel I'm getting $4,000 annual dividends either. How would you restructure all this? Have no clear goals, but I'd like to retire early from work burnout,&#8221; he wrote.
His portfolio leans heavily into S&amp;P 500 ETFs like Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and tech stocks like Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), but commenters noted overlap, inefficiency, and low yield as major issues. His post sparked intense discussion, with many Redditors pointing out overlapping ETFs and a lack of focus in his strategy.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
Investor With $253,000 In Stocks And Only $4.200 In Dividend Income Asks For Redirection–Reddit Delivers
Consolidate Overlapping ETFs and Ditch Underperformers
Many commenters pointed out that VOO and SPY track the same index, making one redundant, while others noted that individual stocks like Apple and Microsoft are already heavily weighted in his ETFs, creating unnecessary duplication.
&#8220;VOO and SPY are exactly the same thing, S&amp;P 500 index funds. You don&#8217;t need both. Your SPY is smaller than VOO, so sell SPY and put the money into VOO. You don&#8217;t need VOO/SPY and [Fidelity ZERO Total Market Index Fund (FZROX)] too. Since VOO has slightly outperformed FZROX, I would sell FZROX and put the money into VOO,&#8221; a Redditor advised.
Suggesting the poster trim speculative holdings, this commenter recommended a focus on long-term sustainable businesses or broad-market ETFs: &#8220;First of all, simplify by selling stocks from companies you don't know much about. If you're interested in a company and want to invest in them, just make sure they can last another 20 years in business. Second, if you're aiming now for a more long-term hold, try to even out the ETFs and dividends a little more.&#8221;
Also touching on the overlap, a Reddit user also mentioned the taxes the investor will need to pay if the dividend income is in a taxable account.
&#8220;Well, do you want to be in ETFs or individual stocks? You have overlap everywhere. Dividends are a waste since it is just your money being returned to you, and making a taxable event if these are in a taxable account. A lot of dead money in the Mikey market account,&#8221; he wrote.
&#8220;I don&#8217;t like this market, but I&#8217;d dump [Walt Disney (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>)]. Swap out [Advanced Micro Devices (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>)] for [Broadcom (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>)]. Buy some [Cintas Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctas#NASDAQ">CTAS</a>)],&#8221; a comment reads.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
Don't Mix Dividends With Growth Blindly
Several Redditors argued that the poster is stuck between growth and income strategies, which is hurting his overall returns. Since he's only 36 years old, many suggested prioritizing growth now and shifting to dividends later.
&#8220;Read the Simple Path to Wealth and Bogle. Then stop chasing yield. You&#8217;re giving up valuable years of deep equity growth,&#8221; one Redditor advised.
Suggesting a focused approach on either pure growth or a dividend mix, a commenter mentioned two different ETFs and possible allocations.
&#8220;In my opinion, your 3 options are: 100% VOO, 100% [Schwab U.S. Dividend Equity ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schd#NYSE">SCHD</a>)], or 50/50 VOO/SCHD. Keep it simple. Pick one strategy and stick with it,&#8221; he said.
A Redditor touched on bonds, saying he doesn't think these assets are a good choice for a 36-year-old&#8217;s portfolio: &#8220;[Fidelity U.S. Bond Index Fund (FXNAX)] is a US bond fund. That&#8217;s the Boglehead influence. You don&#8217;t need bonds at 36 years old. Bonds aren&#8217;t going to grow your portfolio.&#8221;
&#8220;You&#8217;re young enough that you could simply buy VOO and nothing else for maximum returns and buy more dividends later, but if seeing a dividend amount returned every year motivates you, you could do SCHD as well,&#8221; a Reddit user recommended.&nbsp;
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Personal Finance

AAPL

AVGO

CTAS

MSFT

NVDA

SCHD

36-Year-Old With $253K In Stocks Says 'Need Some Direction' – Only Gets $4.2K Dividends And Reddit Is Losing It Over His Holdings

Mike Hansen to Retire as CFO at Fiscal Year-End
Scott Garula to Succeed Hansen as CFO
Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) today announced that Mike Hansen will retire from his role as Executive Vice President &amp; Chief Financial Officer (CFO) and transition to a new role as Assistant to the CEO, effective May 31, 2025. In this capacity, Hansen will support the transition to his successor and contribute to certain strategic initiatives and special projects. Scott Garula, currently President of Cintas' Rental Division, will succeed Hansen as Executive Vice President &amp; CFO.
Todd Schneider, Cintas President &amp; CEO, said, "Continuity of leadership is important, and this planned transition follows a thoughtful succession process. We have a tremendous bench of world-class leaders ensuring the right team is in place to guide our Company into the future.

News

Management

Cintas' Mike Hansen To Retire As CFO At Fiscal Year-End; Scott Garula To Succeed Hansen As CFO

UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) will release its second-quarter financial results before the <a href="https://www.benzinga.com/quote/unf/earnings">opening bell on Wednesday, April 2.</a>
Analysts expect the company to report quarterly earnings at $1.34 per share, up from $1.12 per share in the year-ago period. UniFirst projects quarterly revenue of $602.81 million, compared to $590.71 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 24, Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) ended deal talks with UniFirst. The company had offered $275 per share in cash.
UniFirst shares rose 0.8% to close at $175.36 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> 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 <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Baird analyst Andrew Wittmann maintained a Neutral rating and increased the price target from $199 to $200 on Oct. 24, 2024. This analyst has an accuracy rate of 73%.</li>
<li>JP Morgan analyst Andrew Steinerman maintained an Underweight rating and increased the price target from $170 to $175 on June 27, 2024. This analyst has an accuracy rate of 77%.</li>
</ul>
Considering buying UNF stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="605" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-1024x605.png" alt="" class="wp-image-852592" style="width:577px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-1024x605.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-300x177.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-768x454.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Earnings

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Top Wall Street Forecasters Revamp UniFirst Price Expectations Ahead Of Q2 Earnings

UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) will release its second-quarter financial results before the <a href="https://www.benzinga.com/quote/UNF/earnings">opening bell on Wednesday, April 2.</a>
Analysts expect the company to report quarterly earnings at $1.34 per share, up from $1.12 per share in the year-ago period. UniFirst projects quarterly revenue of $602.81 million, compared to $590.71 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 24, Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) ended deal talks with UniFirst. The company had offered $275 per share in cash.
With the recent buzz around UniFirst, some investors may be eyeing potential gains from the company's dividends, too. Currently, UniFirst offers an annual dividend yield of 0.80%. That&#8217;s a quarterly dividend of 35 cents per share ($1.40 a year).
To figure out how to earn $500 monthly from UniFirst, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by UniFirst's $1.40 dividend: $6,000 / $1.40 = 4,286 shares.
So, an investor would need to own approximately $745,764 worth of UniFirst, or 4,286 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.40 = 857 shares, or $149,118 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
UNF Price Action: Shares of UniFirst rose by 0.1% to close at $174.00 on Monday.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
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Image: Shutterstock

Long Ideas

How To Earn $500 A Month From UniFirst Stock Ahead Of Q2 Earnings

<h2 class="wp-block-heading">Bankruptcy Block</h2>
<ul>
<li>Plenty, a vertical farming company backed by billionaire Jeff Bezos, is <a href="https://www.wsj.com/articles/bezos-backed-vertical-farming-startup-plenty-files-for-bankruptcy-9049c694">wilting</a> in bankruptcy. According to the Wall Street Journal, the Bay Area startup joins the ranks of Bowery, AeroFarms and AppHarvest in the vertical farming graveyard. SoftBank was expected to take charge of Plenty's future, but instead, it's just tossed a $20.7 million DIP financing lifeline to <a href="https://in.benzinga.com/personal-finance/25/03/44225948/larry-ellison-poured-500-million-into-high-tech-farming-and-its-struggling-to-take-root">keep the crops alive</a>.</li>
</ul>
<ul>
<li>According to the <a href="https://www.nrn.com/casual-dining/bar-louie-files-for-chapter-11-bankruptcy-protection">Nation's Restaurant News</a>, Bar Louie filed for Chapter 11 bankruptcy protection Wednesday. The Texas-based chain operates 48 locations in the U.S. and has assets between $1 million and $10 million. Its liabilities are somewhere between $50 million and $100 million. The chain blamed rising food and labor costs as the chief reasons behind the financial issues. Bar Louie says it will restructure to reduce debt while keeping some restaurants open. Bar Louie is just the latest restaurant chain to go bankrupt. TGI Friday's, Red Lobster, Red Robin and On the Border are all burnt.</li>
</ul>
<ul>
<li>Hooters, which is on the <a href="https://www.benzinga.com/news/asset-sales/25/02/43897289/deal-dispatch-hooters-plans-restructuring-prada-in-talks-to-acquire-versace">verge</a> of bankruptcy, is trying to polish up its gimmick. The brand is parting ways with the decisions made by its private equity backers. Recall in 2021 when Hooters of America made waitresses wear underwear-like uniforms and participate in so-called &#8220;bikini&#8221; nights. "That's depressing to us,&#8221; Neil Kiefer, chief executive officer of HMC Hospitality Group, <a href="https://www.bloomberg.com/news/features/2025-03-27/hooters-bankruptcy-founders-to-welcome-families-end-bikini-nights?sref=TBDibEcD">told</a> Bloomberg. &#8220;We want to change that."</li>
</ul>
<h2 class="wp-block-heading">New On The Block</h2>
<ul>
<li>AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is pursuing Lumen Technologies&#8216; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) consumer fiber business. According <a href="https://www.bloomberg.com/news/articles/2025-03-25/at-t-said-in-talks-to-buy-lumen-s-consumer-fiber-unit?sref=TBDibEcD">to</a> Bloomberg, the price tag exceeds $5.5 billion. The talks come about two months after AT&amp;T completed a sale-leaseback deal for 74 of its properties, <a href="https://in.benzinga.com/news/asset-sales/25/01/43197188/att-nets-850-million-in-sale-leaseback-deal-as-part-of-copper-network-exit">generating $850 million in cash</a>.</li>
</ul>
<ul>
<li>Searchlight Capital Partners <a href="https://www.bloomberg.com/news/articles/2025-03-24/f-35-pilot-outfitter-survitec-weighs-unit-sale-in-defense-boom?sref=TBDibEcD">hired</a> investment bank Houlihan Lokey Inc. to run an auction for Survitec&#8216;s aerospace and defense business. The buyout firm unit acquired Survitec in 2019. The sale process is indicative of the heightened demand for defense assets. <a href="https://www.pwc.com/us/en/industries/industrial-products/library/aerospace-defense-deals-outlook.html">Per</a> PwC, there's been a &#8220;marked increase in portfolio reshaping&#8221; as aerospace and defense companies focus on core assets.</li>
</ul>
<ul>
<li>Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is <a href="https://www.bloomberg.com/news/articles/2025-03-27/blackstone-backed-compliance-tech-firm-isn-mulls-6-billion-sale?srnd=phx-deals&amp;sref=TBDibEcD">reportedly</a> shopping around its ISN Software segment. The Dallas-based compliance software firm is said to be valued at over $6 billion. A bank hasn&#8217;t been hired yet, according to Bloomberg, but buyers are showing interest.</li>
</ul>
<ul>
<li>Private equity firm I Squared Capital is seeking to divest Irish power producer, Energia Group, which is valued at approximately 2 billion euros ($2.2 billion). Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-03-27/i-squared-said-to-start-2-billion-sale-of-utility-firm-energia?srnd=phx-deals&amp;sref=TBDibEcD">reports</a> that the sale could attract interest from other energy firms looking to expand in the European market.</li>
</ul>
<ul>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is planning to sell its 50.1% stake in Cuxhaven, Germany-based PNE. With a market cap exceeding 1 billion euros, PNE specializes in developing wind and solar energy projects. Reuters reports that the sale of this stake could bolster the firm&#8217;s focus on other renewable energy ventures across Europe.</li>
</ul>
<h2 class="wp-block-heading">Updates From The Block</h2>
<ul>
<li>Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) is no longer buying work uniform provider UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>). The proposed deal would have offered $275 per share in cash, a 46% premium over UniFirst's 90-day average closing price as of Jan. 6. Despite weeks of talking and little agreement, the parties have decided to call it quits. On the bright side, Cintas <a href="https://in.benzinga.com/25/03/44516589/cintas-analysts-boost-their-forecasts-after-upbeat-earnings">reported upbeat earnings</a>.</li>
</ul>
<ul>
<li>William Blair is advising CentralReach LLC, a portfolio company of Insight Partners, on its pending acquisition by Roper Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) for $1.85 billion. </li>
</ul>
<ul>
<li>India wants to secure a stake in Chilean mining leader SQM's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) projects in Australia. This deal would give India, a lithium importer, access to critical battery minerals to cater to its growing market. The Indian consortium, led by Khanij Bidesh India Ltd (KABIL), is pursuing stakes in SQM's Mount Holland and Andover lithium projects in Western Australia. Per initial estimates, a 20% stake in these projects would be <a href="https://www.benzinga.com/25/03/44533351/india-targets-sqms-australian-lithium-to-diversify-its-imports">worth around $600 million</a>.</li>
</ul>
<h2 class="wp-block-heading">Off The Block</h2>
<ul>
<li>Napster, the OG of digital music, <a href="https://apnews.com/article/napster-music-pioneer-service-sold-7c2541f805d8debf0433171696c54518">sold</a> for $207 million to tech startup Infinite Reality. The move signals Napster's evolution from its nostalgic roots into the world of AI and all things immersive. Napster CEO Jon Vlassopulos, who used to be Roblox's global head of music, is staying at the helm—though now he's also taking on a global role at iR. This acquisition comes hot on the heels of iR's massive $3 billion funding round, pushing the company's valuation to a cool $12.25 billion. Infinite Reality&#8217;s backers include Steve Aoki, Imagine Dragons, Rudy Gobert, and Taylor Fritz.</li>
</ul>
For last week&#8217;s edition of the <a href="https://www.benzinga.com/news/asset-sales/25/03/44443094/deal-dispatch-sandals-for-sale-chisholms-celtic-pride-matrix-producer-faces-bankrupt-reality">Deal Dispatch, click here</a>.
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<li><a href="https://www.benzinga.com/real-estate/25/03/44512914/christina-ricci-is-selling-her-4-175-million-home-she-bought-last-year-to-house-a-family-member-who-lost-theirs-in-los-angeles-wildfires">Christina Ricci Is Selling Her $4.175 Million Home She Bought Last Year to House a Family Member Who Lost Theirs in Los Angeles Wildfires</a></li>
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LUMN

Deal Dispatch: Bezos-Backed Crop Company Wilts, Tech Startup Nabs Napster For $207 Million

WIIM

ACVA

AXON

EOSE

FRGT

FTAI

GTLS

JBLU

MNTS

PAYC

PCTY

RAIL

SATL

WLFC

Shares of industrial stocks are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on equities.

Morgan Stanley analyst Toni Kaplan maintains Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) with a Equal-Weight and raises the price target from $195 to $213.

Morgan Stanley Maintains Equal-Weight on Cintas, Raises Price Target to $213

Goldman Sachs analyst George Tong maintains Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) with a Buy and raises the price target from $211 to $233.

Goldman Sachs Maintains Buy on Cintas, Raises Price Target to $233

UBS analyst Joshua Chan maintains Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) with a Buy and raises the price target from $218 to $240.

UBS Maintains Buy on Cintas, Raises Price Target to $240

RBC Capital analyst Ashish Sabadra reiterates Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) with a Sector Perform and maintains $215 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Cintas, Maintains $215 Price Target

Truist Securities analyst Jasper Bibb maintains Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) with a Buy and raises the price target from $215 to $230.

Truist Securities Maintains Buy on Cintas, Raises Price Target to $230

Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) posted better-than-expected third-quarter <a href="https://in.benzinga.com/25/03/44495403/cintas-surpasses-q3-estimates-with-strong-growth-raises-fy25-outlook">earnings on Wednesday</a>.
Cintas reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.06 per share. The company reported quarterly sales of $2.609 billion which beat the analyst consensus estimate of $2.597 billion.
Cintas raised its FY25 outlook. The company sees revenues of $10.28 billion – $10.305 billion versus $10.296 billion estimate (prior view: $10.255 billion – $10.32 billion).
The company attributed the $15.0 million reduction at the top of the range to the negative impact of the foreign currency exchange rate fluctuations experienced in the third quarter and the expected impact for the fourth quarter. The firm projects EPS of $4.36 – $4.44 versus the $4.32 estimate (prior view: $4.28 – $4.34).
Cintas shares rose 1.3% to trade at $207.32 on Thursday.
These analysts made changes to their price targets on Cintas following earnings announcement.
<ul>
<li>Wells Fargo analyst Jason Haas maintained Cintas with an Underweight rating and raised the price target from $184 to $196.</li>
<li>Baird analyst Andrew Wittmann maintained the stock with a Neutral and raised the price target from $200 to $227.</li>
</ul>
Considering buying CTAS stock? Here&#8217;s what analysts think: 
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Cintas Analysts Boost Their Forecasts After Upbeat Earnings

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Wells Fargo raised Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) price target from $184 to $186. Wells Fargo analyst Jason Haas maintained an Underweight rating. Cintas shares closed at $204.71 on Wednesday. See how other <a href="https://www.benzinga.com/quote/CTAS/analyst-ratings">analysts view this stock</a>.</li>
<li>Mizuho raised the price target for Axsome Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) from $212 to $216. Mizuho analyst Graig Suvannavejh maintained an Outperform rating. Axsome Therapeutics shares closed at $119.16 on Wednesday. <a href="https://www.benzinga.com/quote/AXSM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel boosted Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) price target from $141 to $156. Stifel analyst Bryan Bergin maintained a Hold rating. Paychex shares closed at $150.19 on Wednesday. See how other analysts <a href="https://www.benzinga.com/quote/PAYX/analyst-ratings">view this stock</a>.</li>
<li>Piper Sandler raised the price target for Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) from $56 to $59. Piper Sandler analyst Michael Lavery maintained a Neutral rating. Mondelez shares closed at $66.33 on Wednesday. <a href="https://www.benzinga.com/quote/MDLZ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank increased the price target for Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) from $70 to $75. Deutsche Bank analyst David Begleiter maintained a Buy rating. Celanese shares closed at $59.16 on Wednesday. <a href="https://www.benzinga.com/quote/CE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) price target from $240 to $215. Needham analyst Gerald Pascarelli maintained a Buy rating. Constellation shares settled at $184.11 on Wednesday. <a href="https://www.benzinga.com/quote/STZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised Check Point Software Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) price target from $230 to $260. B of A Securities analyst Tal Liani upgraded the stock from Neutral to Buy. Check Point Software shares closed at $227.87 on Wednesday. <a href="https://www.benzinga.com/quote/CHKP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group increased Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) price target from $75 to $82. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Dollar Tree shares closed at $69.21 on Wednesday.  <a href="https://www.benzinga.com/quote/DLTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies cut the price target for Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) from $135 to $120. Jefferies analyst Blayne Curtis downgraded the stock from Buy to Hold. AMD shares settled at $110.19 on Wednesday. <a href="https://www.benzinga.com/quote/AMD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo cut Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) price target from $265 to $260. Wells Fargo analyst Christian Wetherbee maintained an Overweight rating. Union Pacific shares closed at $238.03 on Wednesday. <a href="https://www.benzinga.com/quote/UNP/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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</ul>

AXSM

CHKP

DLTR

MDLZ

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Celanese To Rally Around 27%? Here Are 10 Top Analyst Forecasts For Thursday

Baird analyst Andrew Wittmann maintains Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) with a Neutral and raises the price target from $200 to $227.

Baird Maintains Neutral on Cintas, Raises Price Target to $227

Wells Fargo analyst Jason Haas maintains Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) with a Underweight and raises the price target from $184 to $196.

Wells Fargo Maintains Underweight on Cintas, Raises Price Target to $196

U.S. stocks declined on Wednesday, with all major indices in the red by midday in New York, as renewed concerns <a href="https://www.benzinga.com/topic/tariffs">over tariffs rattled investors.</a>
President Donald Trump signaled that new trade duties on automobiles could be announced as early as today, while market participants are also bracing for April 2, which marks the start of reciprocal tariffs.
Technology shares, particularly semiconductor stocks, led the selloff, dragging the Nasdaq 100 sharply lower and trimming much of its weekly gains. Shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) tumbled 5.9%, on track for the worst daily loss since early March, as investors fear further restrictions on chip exports to China. The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) fell 3.4%. 
Meanwhile, blue-chip stocks in the Dow Jones Industrial Average were more resilient, supported by strength in the energy and consumer staples sectors. The CBOE Volatility Index (VIX), Wall Street's so-called "fear gauge," jumped 8% to 18.9.
The dollar and Treasury yields remained flat, reflecting a wait-and-see stance in the bond market amid uncertainty over the broader economic impact of potential tariffs.
In commodities, crude oil rose 1.4%, extending weekly gains to 2.5%—on track for its best week since early January—after a surprise drop in commercial inventories. Metals held steady, with copper holding record highs.
Bitcoin slipped 1% to $86,500 following a flat close the previous day.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,552.19</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,078.48</td>
<td>-0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,720.71</td>
<td>-1.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,980.84</td>
<td>-1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 1% to $569.92.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.2% lower to $424.78.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;dropped 1.7% to $485.01.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) also fell 1% to $205.59</li>
<li>The&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up 1.3%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) was the worst sector performer, down 2.1%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) skyrocketed 15% in reaction to stronger-than-expected quarterly earnings. The retailer eyes its strongest one-day gain since June 2024. </li>
<li>Other stocks reacting to earnings reports were Cintas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NYSE">CTAS</a>), up 6.5%, Paychex Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), up 4.8%, Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), up 4.9%, and Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>), up 1.5%. </li>
</ul>
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</ul>
Photo: Shutterstock

Equities

Government

Large Cap

Macro Economic Events

Regulations

Broad U.S. Equity ETFs

Econ #s

Economics

ETFs

CHWY

SPDR Dow Jones Industrial Average ETF Trust

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Stocks Slip As Tariff Fears Resurface: What's Driving Markets Wednesday?

U.S. stocks traded mostly lower midway through trading, with the Dow Jones index falling by around 0.1% on Wednesday.
The Dow traded down 0.05% to 42,567.48 while the NASDAQ fell 1.58% to 17,982.46. The S&amp;P 500 also fell, dropping, 0.81% to 5,729.89.
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Leading and Lagging Sectors Energy shares jumped by 1.5% on Wednesday.
In trading on Wednesday, information technology shares fell by 1.5%.
Top Headline
Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) shares jumped over 8% on Wednesday after the company posted better-than-expected third-quarter earnings.
Cintas reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.06 per share. The company reported quarterly sales of $2.609 billion which beat the analyst consensus estimate of $2.597 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) shares shot up 20% to $49.96 as the company posted better-than-expected earnings for the third quarter.</li>
<li>Shares of OSR Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSRH#NASDAQ">OSRH</a>)got a boost, surging 92% to $3.0805 after its subsidiary, Vaximm AG, announced Phase 2a trial results for VXM01 and Avelumab combination therapy in glioblastoma, demonstrating safety and tolerability.</li>
<li>VivoPower International PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVPR#NASDAQ">VVPR</a>) shares were also up, gaining 110% to $4.7601. The company is in advanced bilateral negotiations on all-cash takeover offer at enterprise value of $120 million.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Acrivon Therapeutics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRV#NASDAQ">ACRV</a>) shares dropped 37% to $3.38. HC Wainwright &amp; Co. analyst Emily Bodnar maintained Acrivon Therapeutics with a Buy and lowered the price target from $22 to $19.</li>
<li>Shares of Intchains Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) were down 27% to $3.00 after the company announced entry into agreement for registered direct offering of its ADSs and warrants.</li>
<li>Aclarion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACON#NASDAQ">ACON</a>) was down, falling 29% to $0.5326 after the company announced a 1-for-27 reverse stock split.</li>
</ul>
Commodities In commodity news, oil traded up 1.4% to $69.96 while gold traded down 0.1% at $3,023.10.
Silver traded down 0.1% to $34.165 on Wednesday, while copper rose 1.2% to $5.2740.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 dipping 0.48%, Germany's DAX 40 fell 0.77% and France's CAC 40 dipped 0.63%. Spain's IBEX 35 Index fell 0.17%, while London's FTSE 100 gained 0.35%.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 gaining 0.65%, China's Shanghai Composite Index falling 0.04%, Hong Kong's Hang Seng Index rising 0.60% and India's BSE Sensex falling 0.93%.
Economics
<ul>
<li>U.S. new orders for manufactured durable goods rose 0.9% month-over-month to $289.3 billion in February.</li>
<li>U.S. mortgage applications declined by 2% in the week ending March 21, compared to a 6.2% fall in the previous period.</li>
</ul>
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</ul>
Image: Shutterstock

Eurozone

Commodities

Intraday Update

ACON

ACRV

OSRH

VVPR

Crude Oil Gains Over 1%; Cintas Shares Jump After Q3 Earnings

Cintas Exec Says Inventory Went Up As Co Tries To Get Ahead Of Tariffs

Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) reported third-quarter earnings per share of $1.13 on Wednesday,<a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44492473/cintas-corporation-announces-fiscal-2025-third-quarter-results" rel="noreferrer noopener"> beating the street view of $1.06</a>. Quarterly sales of $2.609 billion (+8.4% year over year) outpaced the analyst consensus estimate of $2.597 billion.
The company&#8217;s shares are trading higher following the announcement of the results.
The organic revenue growth rate for the third quarter, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 7.9%.
Quarterly gross profit was $1.32 billion, an increase of 11.1% year over year. Gross margin expanded to 50.6% from 49.4% in last year&#8217;s third quarter, an increase of 120 basis points.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/03/44494216/rivian-doubles-down-on-ev-innovation-with-micromobility-spin-off-stock-gains" rel="noreferrer noopener">Rivian Doubles Down On EV Innovation With Micromobility Spin-Off, Stock Gains</a>
Operating income for the third quarter increased 17.1% to $609.9 million. Operating margin was 23.4%, compared to 21.6% in last year&#8217;s third quarter.
Todd M. Schneider, Cintas&#8217; President and Chief Executive Officer, stated, &#8220;Cintas delivered strong revenue growth, operating margins and cash flow generation in the third quarter.&#8221;
The company exited the quarter with cash and equivalents worth $243.428 million. Inventories were $420.826 million.
On March 14, Cintas paid an aggregate quarterly dividend of $158.1 million to shareholders, an increase of 14.9% from the amount paid last March.
Related Read: <a href="https://www.benzinga.com//node/44470767">No Deal: Cintas Abandons UniFirst Proposal After Talks Hit A Wall</a>
Outlook: Cintas raises FY25 outlook. The company sees revenues of $10.28 billion &#8211; $10.305 billion versus $10.296 billion estimate <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">(prior view: $10.255 billion &#8211; $10.32 billion).</a>
The&nbsp;company attributed the $15.0 million&nbsp;reduction at the top of the range to the negative impact of the foreign currency exchange rate fluctuations experienced in the&nbsp;third quarter&nbsp;and the expected impact for the&nbsp;fourth quarter.&nbsp;
The firm projects EPS of $4.36 &#8211; $4.44 versus the $4.32 estimate (prior view: $4.28 &#8211; $4.34).
Price Action: CTAS shares are trading higher by 8.1% to $209.14 at last check Wednesday.
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<li><a href="https://www.benzinga.com/news/25/03/44493472/whats-going-on-with-electronics-maker-kopins-stock-today" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Electronics Maker Kopin&#8217;s Stock Today?</a></li>
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Image via Shutterstock.

Guidance

Movers

General

Cintas Surpasses Q3 Estimates With Strong Growth, Raises FY25 EPS Outlook

U.S. stocks were mixed, with the Dow Jones index gaining around 100 points on Wednesday.
Shares of Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) rose sharply during Wednesday's session after the company reported <a href="https://in.benzinga.com/25/03/44494897/paychex-shares-gain-on-q3-earnings-beat">better-than-expected quarterly adjusted EPS.</a>
The company reported third-quarter revenue growth of 5% year-on-year to $1.509 billion, marginally missing the analyst consensus estimate of $1.516 billion. Adjusted EPS of $1.49 beat the consensus estimate of $1.48.
Paychex shares jumped 5.5% to $152.02 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Playtika Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTK#NASDAQ">PLTK</a>) shares jumped 23.2% to $5.42.</li>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) gained 18.4% to $49.31 as the company posted better-than-expected earnings for the third quarter.</li>
<li>Perimeter Solutions, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRM#NYSE">PRM</a>) rose 15% to $10.48 after UBS upgraded the stock from Neutral to Buy and announced a price target of $14.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) gained 14.3% to $29.05 after the company reported better-than-expected quarterly adjusted EPS and announced its board approved an update to its investment policy to add Bitcoin as a treasury reserve asset.</li>
<li>Super Hi International Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HDL#NASDAQ">HDL</a>) gained 10.6% to $24.47 following fourth-quarter results.</li>
<li>BRP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) gained 9.9% to $39.06 following better-than-expected quarterly earnings.</li>
<li>Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) surged 9.6% to $212.18 following better-than-expected quarterly earnings.</li>
<li>JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) gained 7.8% to $22.33 following fourth-quarter results.</li>
<li>Ashland Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) rose 5.7% to $60.16. JP Morgan analyst Jeffrey Zekauskas upgraded Ashland from Neutral to Overweight and raised the price target from $68 to $71.</li>
<li>Weatherford International plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) rose 4.7% to $57.41.</li>
</ul>
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</ul>
Image: Shutterstock

DOOO

PLTK

WFRD

Paychex Posts Better-Than-Expected Earnings, Joins Worthington Enterprises, GameStop, Cintas And Other Big Stocks Moving Higher On Wednesday

Press Releases

Cintas Corporation Wins Uptime Award for Best Competency-Based Learning Program

Cintas Corporation Announces Webcast for Third Quarter Fiscal Year 2025 Results

Cintas Corporation Listed on Forbes' List of America's Best Large Employers

Cintas Terminates Discussions with UniFirst

Cintas Corporation Announces Fiscal 2025 Third Quarter Results

Cintas Corporation Announces Executive Transition

Cintas Corporation Announces Quarterly Cash Dividend

FORTUNE Names Cintas Corporation One of America's Most Innovative Companies in 2025

New Jersey Custodian Sweeps the 2025 Cintas Custodian of the Year Contest

Newsweek Names Cintas Corporation as One of America's Greatest Workplaces for Gen Z

Comments

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