Top Wall Street Forecasters Revamp Cintas Price Expectations Ahead Of Q3 Earnings

Cintas Corporation CTAS will release its third-quarter financial results before the opening bell on Wednesday, March 26.

Analysts expect the Cincinnati, Ohio-based company to report quarterly earnings at $1.06 per share, up from 96 cents per share in the year-ago period. Cintas projects quarterly revenue of $2.6 billion, compared to $2.41 billion a year earlier, according to data from Benzinga Pro.

On Monday, Cintas disclosed ending discussions regarding its proposal to acquire UniFirst for $275 per share in cash.

Cintas shares fell 0.6% to close at $193.46 on Tuesday.

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.

Citigroup analyst Leo Carrington reinstated a Sell rating with a price target of $161 on Feb. 24, 2025. This analyst has an accuracy rate of 60%.
RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating with a price target of $215 on Dec. 20, 2024. This analyst has an accuracy rate of 72%.
Baird analyst Andrew Wittmann maintained a Neutral rating and cut the price target from $209 to $200 on Dec. 20, 2024. This analyst has an accuracy rate of 74%.
Morgan Stanley analyst Toni Kaplan maintained an Equal-Weight rating and increased the price target from $185 to $202 on Dec. 12, 2024. This analyst has an accuracy rate of 66%.
Barclays analyst Manav Patnaik maintained an Overweight rating and increased the price target from $210 to $245 on Sept. 27, 2024. This analyst has an accuracy rate of 77%.

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

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