Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Below, we take a look at Cintas (CTAS) , a ...

Loading... "Strong cash generation continued to fuel our balanced capital allocation strategy, focusing on new products and services for our customers and new technology to further enhance our position for the long-term, investing in strategic acquisitions and on returning capital to shareholders," said Todd M. Schneider, Cintas' President and Chief Executive Officer. These analysts made changes to their price targets on Cintas following the announcement. Loading... Cintas reported fourth-quarter earnings p ...

JHVEPhoto July 18th ended up being a really great day for shareholders of Cintas Corporation (NASDAQ:CTAS). The company, which focuses on renting out and selling uniforms to businesses, not to mention other products and services like restroom supplies, mops, first aid kits, and more, saw its shares spike by 5.4%. This was in response to management reporting financial results for the final quarter of the company's 2024 fiscal year and providing guidance for what 2025 might look like. Based on management's ow ...

Key Takeaways Cintas beat profit and sales estimates and gave strong fiscal 2025 guidance as it added new customers, sold more to existing customers, and reduced expenses. Revenue was up 8.2% to an all-time high of $2.47 billion. The news sent shares into record territory, leaving them up some 30% this year. 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. The provider o ...

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 ...