Cintas Corp Up 7.9% To $683.45 After Earnings

Cintas Corp (CTAS) said before open Wednesday that it broke even in quarter three 2024.

In the same quarter a year ago, the company earned $3.14 per share on revenue of $2.2 billion.

The stock is up 7.9% to $683.45 after the report.

Cintas Corp's profit margins maintained as both earnings and revenue declined at the same pace.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Cintas Corp a Bearish Sentiment Rank from InvestorsObserver.

Cintas Corp has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 77, putting Cintas Corp in the top 25% of stocks. The firm was recently trading at a 52-week high of $644.96 on March 21, 2024 and set a 52-week low on March 28, 2023 at $436.54.

In its core uniform and facility services unit (79% of sales), Cintas provides uniform rental programs to businesses across the size spectrum, mostly in North America. The firm is by far the largest provider in the industry. Facilities products generally include the rental and sale of entrance mat, mops, shop towels, hand sanitizers, and restroom supplies. Cintas also runs a first aid and safety services business (11% of sales), a fire protection services business (6% of sales), and a uniform direct sales business (4% of sales).