The Zacks Consensus Estimate for CR's 2024 earnings has increased 0.8% in the past 60 days. Its shares have gained 31% in the past six months. Exiting fiscal 2024, Cintas had cash and cash equivalents of $342 million compared with $124.1 million at the end of fiscal 2023. Long-term debt was about $2.03 billion compared with $2.49 billion at the end of the prior fiscal year. Revenues from All Other business (representing 11.4% of the reported quarter's net sales) totaled $282.1 million, up 10.2% year over ye ...

Cintas Corporation (NASDAQ:CTAS) Q4 2024 Results Conference Call July 18, 2024 10:00 AM ET Company Participants Jared Mattingley - VP and Treasurer, IR Todd Schneider - President and CEO Mike Hansen - EVP and CFO Conference Call Participants Joshua Chan - UBS Heather Balsky - Bank of America Andy Wittmann - R.W. Baird George Tong - Goldman Sachs Tim Mulrooney - William Blair Andrew Steinerman - JPMorgan Jasper Bibb - Truist Securities Manav Patnaik - Barclays Scott Schneeberger - Oppenheimer Adam Parrington ...

Cintas Corporation (NASDAQ:CTAS) is a stock that we have traded at our service and have covered publicly, most recently calling for another buyback in March of this year. The stock continues to edge higher, and today is rallying on the back of a positive Q2 eamings report. We continue to like this stock in the long term and For our followers who may not be familiar, Cintas is a company that provides products and services to help businesses maintain clean and safe work environments. They offer uniforms, floo ...

CTAS $756.62 ▼ Dividend Yield 0.71% Add to Watchlist That's why the company will split its shares this fall: the current high share prices and the potential for another triple-digit gain. Persistent business trends drive its share price, including healthy, resilient labor markets and an improving outlook for easing economic headwinds through lower interest rates. Investors looking to ride the Cintas wave can buy in now, wait to see if a dip forms after the split, and buy more later. Cintas had a mixed quart ...

Shares of Cintas have returned +1.2% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. The reported revenue represents a surprise of +0.23% over the Zacks Consensus Estimate of $2.47 billion. With the consensus EPS estimate being $3.80, the EPS surprise was +5.00%. Total Revenue- Uniform Rental and Facility Services: $1.91 billion versus $1.91 billion estimated by six ...

While Cintas has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. It will be interesting to see how estimates for th ...

FOR IMMEDIATE RELEASE July 18, 2024 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 compared to 47.7% in last year's fourth quarter, an increase of 150 basis points. For the fiscal year ended May 31, 2024, revenue was $9.60 billion compared to $8.82 billion for fiscal 2023, an increase of 8.9%. Operating income for f ...

Cintas Corporation (CTAS) is scheduled to release fourth-quarter fiscal 2024 (ended May 31, 2024) results on Jul 18, before market open. Let's see how things have shaped up for Cintas' fiscal fourth-quarter earnings. A strong demand environment and the introduction of additional products and services to customers are expected to have driven the Uniform Rental and Facility Services segment's performance in the fiscal fourth quarter. Also, improving operational productivity and effective pricing actions are l ...

Have you been paying attention to shares of Cintas (CTAS) ? Shares have been on the move with the stock up 3.8% over the past month. The stock hit a new 52-week high of $726 in the previous session. Cintas has gained 19.8% since the start of the year compared to the 5.9% move for the Zacks Industrial Products sector and the 18.4% return for the Zacks Uniform and Related industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our ear ...

The earnings report, which is expected to be released on July 18, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This uniform rental company is expected to post quarterly earnings of $3.80 per share in its upcoming report, which represents a year-over-year change of +14.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the co ...