Cintas develops uniform programs using fabric for all types & sizes of businesses throughout the Americas (primary focus is U.S. & Canada). Most of you must have seen their distinct logo in places like warehouses, airports, government offices - they are one of the dominant companies in the industry.
Shares of Cintas Corp. inched 0.10% higher to $443.94 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index, +0.10% rising 0.10% to 3,821.62 and the Dow Jones Industrial Average, +0.28% rising 0.28% to 32,849.74. Cintas Corp. closed $26.29 below its 52-week high ($470.23), which the company achieved on December 13th.
The stock underperformed when compared to some of its competitors Tuesday, as Aramark ARMK, +0.44% rose 0.44% to $41.18. Trading volume (428,099) eclipsed its 50-day average volume of 399,187.
Company is scheduled to announce quarterly earnings on Wednesday, Dec 21 before market open. Over the last 2 years, CTAS has beaten EPS estimates 88% of the time and has beaten revenue estimates 88% of the time. Over the last 3 months, EPS estimates have seen 12 upward revisions and 1 downward. Revenue estimates have seen 10 upward revisions and 0 downward. According to Marketwatch, consensus EPS Estimate is $3.03 (+9.8% Y/Y) and the consensus Revenue Estimate is $2.13B (+10.9% Y/Y).
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