Shares of Cintas (CTAS) traded at an all-time high Thursday, extending a strong year, after the business supplies company reported better-than-expected results and gave an upbeat outlook.
Cintas' (CTAS) fourth-quarter fiscal 2024 revenues increase 8.2% year over year on solid segmental sales.
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 - Stifel Nicolaus Ashish Sabadra - RBC Capital Markets Faiza Alwy - Deutsche Bank Stephanie Moore - Jefferies Operator Good day, everyone, and welcome to the Cintas Corporation Announces Fiscal 2024 Fourth Quarter and Full Year Results.
Cintas Corporation stock is rallying after a positive Q2 earnings report, with potential for further growth despite risks. The company provides products and services for clean and safe work environments, with expanding margins and strong cash flow. Management expects ongoing growth in fiscal 2025, with revenue and earnings guidance suggesting continued success and potential for acquisitions.
Cintas Corporation's NASDAQ: CTAS Q4 results and guidance prove its parabolic share price movement can continue. The results continue a trend that includes organic and acquisitional growth, widening margins, robust cash flow, and capital returns.
While the top- and bottom-line numbers for Cintas (CTAS) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cintas (CTAS) came out with quarterly earnings of $3.99 per share, beating the Zacks Consensus Estimate of $3.80 per share. This compares to earnings of $3.33 per share a year ago.
Here is how Cintas (CTAS) and Emerson Electric (EMR) have performed compared to their sector so far this year.
Cintas' (CTAS) fiscal fourth-quarter results are likely to gain from strong demand, acquisitions and operational focus. However, high operating expenses are expected to have affected its performance.
Cintas (CTAS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Cintas (CTAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
U.S. stocks did amazingly well in the first half this year and the second half is unlikely to be any different, says Christopher Carey – portfolio manager at Carnegie Investment Counsel. Following are the top four undervalued stocks that he expects will be the hidden gems in the back half of 2024.