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Cintas Corporation stock price
Cintas Corporation latest news:
Cintas stock jumps 4% on earnings beat, increased guidance
Shares of Cintas Corp. rose nearly 4% late Thursday after the uniform-rental company reported fiscal 2018 second-quarter earnings and sales above Wall Street expectations and raised its guidance for the full fiscal year. Cintas said it earned $137 million, or $1.23 a share, in the quarter, compared with $140 million, or $1.29 a share, in the year-ago period. Revenue rose 26% to $1.61 billion, compared with $1.27 billion a year ago. Analysts polled by FactSet had expected earnings of $1.21 a share on sales of $1.59 billion. Cintas also raised its revenue guidance from a range of $6.325 billion to $6.400 billion to a range of $6.365 billion to $6.430 billion, and EPS from continuing operations from a range of $5.30 to $5.38 to a range of $5.39 to $5.46, the company said. Cintas shares ended the regular trading day up 0.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Cintas Corp Q2 EPS $1.24 From Continuing Operations
Cintas Corp(CTAS): * ORATION ANNOUNCES FISCAL 2018 SECOND QUARTER RESULTS. * Q2 EARNINGS PER SHARE $1.24 FROM CONTINUING OPERATIONS. * Q2 REVENUE $1.61 BILLION VERSUS I/B/E/S VIEW $1.58 BILLION. * Q2 EARNINGS PER SHARE VIEW $1.26 -- THOMSON REUTERS I/B/E/S. * SEES FY 2018 REVENUE $6.365 BILLION TO $6.43 BILLION. * - INCREASING ANNUAL GUIDANCE FOR FISCAL 2018.
How Safe Is Cintas Corp.'s Dividend?
America's largest uniform rental business has raised its dividend for 34 years straight. Does it have what it takes to keep that streak going?
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