Cintas led the Nasdaq 100 index early Thursday after the company reported better-than-expected fiscal fourth-quarter earnings, with revenue also coming in slightly above views. Cintas guided to 7%-11% EPS growth in fiscal 2025.
Cintas, the Cincinnati-based provider of corporate uniforms and business services, announced Thursday that fiscal Q4 earnings grew more than 19% to $3.99 per share while revenue rose 8% to $2.47 billion. Analysts predicted fiscal fourth-quarter earnings per share of $3.79 and sales of $2.46 billion.
Cintas also said Thursday it expects fiscal 2025 earnings per share of $16.25 to $16.75, representing a 7% to 11% increase vs. the $15.15 in fiscal 2024. Analysts project fiscal 2025 EPS of $16.43.
For full-year revenue, Cintas forecast $10.16 billion to $10.31 billion, while analysts expect $10.26 billion for the fiscal year.
Cintas Stock Action
Also an S&P 500 stock, Cintas gained 5.4% to 758.97 on the stock market today. CTAS stock has advanced more than 25% in 2024 and is extended above an official 704.84 buy point from a flat-base pattern, according to MarketSurge analysis.
Cintas is known as a leader in selling, renting and cleaning work uniforms and other clothes to more than 1 million businesses worldwide. It's also active in adjacent markets, providing fire safety equipment along with cleaning and first-aid supplies. The company's broad, deep customer base makes it a sensitive indicator of commercial and industrial demand.
The uniform rental company's health care and hygiene division did very well amid the pandemic as it offered in-demand protective gear, masks and hand sanitizer.
Cintas stock has an 89 Composite Rating out of a best-possible 99. The S&P 500 component also has an 83 Relative Strength Rating and a 95 EPS Rating.
Please follow Kit Norton on X @KitNorton for more coverage.
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