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Jul 15, 2022

Cintas (CTAS, $390.25) fiscal Q4 earnings beats Zacks Consensus Estimate

Cintas posted earnings of $2.81 per share for the quarter ending May 31 2022, topping the Zacks Consensus Estimate of $2.68. The figure is +13.8% higher vs. the year-ago quarter.

Revenues rose +13% from the year-ago quarter to $2,074.7 million, also exceeding the Zacks Consensus Estimate of $2,001 million. Organic revenue grew + 12.7% year over year.

The company’s revenues from the Uniform Rental and Facility Services segment (accounting for about 78.6% of the reported quarter’s net sales) were $1,630.21 million, up +11.1% from the year-ago quarter.

Revenues from the First Aid and Safety Services segment (~ 10.5% of the reported quarter’s net sales) came in at $218.22 million, growing +16.7% year over year.

Revenues from the All Other business (around 10.9% of the reported quarter’s net sales) were $226.25 million, rising +24.4% year over year.

Looking ahead, Cintas expects revenues of $8.47-$8.58 billion for fiscal 2023, compared to the Zacks Consensus Estimate of $8.32 billion. The company projects earnings per share of $11.90-$12.30 for the fiscal year,  vs. the Zacks Consensus Estimate of $12.29.

The company is expecting adjusted operating income in the range of $1.68 billion-$1.73 billion in fiscal 2023, compared with $1.55 billion reported in fiscal 2022. Interest expense is predicted to be approximately $110 million for the fiscal year. The company is anticipating an effective tax rate of around 20%, higher than 17.9% in fiscal 2022. The estimated increase in tax rate is likely to have a adverse effect of approximately 32 cents on fiscal 2023 earnings.

 

Related Ticker: CTAS

CTAS in downward trend: price may decline as a result of having broken its higher Bollinger Band on July 18, 2024

CTAS broke above its upper Bollinger Band on July 18, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 54 similar instances where the stock broke above the upper band. In of the 54 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CTAS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 05, 2024. You may want to consider a long position or call options on CTAS as a result. In of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CTAS just turned positive on July 10, 2024. Looking at past instances where CTAS's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CTAS advanced for three days, in of 366 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 298 cases where CTAS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 85%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. CTAS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (17.271) is normal, around the industry mean (78.265). P/E Ratio (49.264) is within average values for comparable stocks, (85.693). CTAS's Projected Growth (PEG Ratio) (3.860) is very high in comparison to the industry average of (1.773). Dividend Yield (0.008) settles around the average of (0.037) among similar stocks. P/S Ratio (7.645) is also within normal values, averaging (34.779).

Notable companies

The most notable companies in this group are TAL Education Group (NYSE:TAL), 2U Inc. (NASDAQ:TWOU).

Industry description

The sector produces general business services, and are not classified elsewhere. For example, FleetCor Technologies provides fuel cards and workforce payment products and services; Copart, Inc. provides online vehicle auction and remarketing services across various nations; Equifax Inc. collects and aggregates credit information on consumers and businesses worldwide, along with selling credit monitoring and fraud-prevention services. Many of the companies in this category have multi-billion market capitalizations.

Market Cap

The average market capitalization across the Miscellaneous Commercial Services Industry is 4.87B. The market cap for tickers in the group ranges from 788 to 80.94B. RELX holds the highest valuation in this group at 80.94B. The lowest valued company is EVSV at 788.

High and low price notable news

The average weekly price growth across all stocks in the Miscellaneous Commercial Services Industry was 1%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 4%. FHSEY experienced the highest price growth at 164%, while BRWC experienced the biggest fall at -76%.

Volume

The average weekly volume growth across all stocks in the Miscellaneous Commercial Services Industry was 1%. For the same stocks of the Industry, the average monthly volume growth was -30% and the average quarterly volume growth was -18%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 62
Price Growth Rating: 49
SMR Rating: 79
Profit Risk Rating: 79
Seasonality Score: 12 (-100 ... +100)
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A.I.Advisor
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published General Information

General Information

a provider of rental and servicing of uniforms and other garments

Industry MiscellaneousCommercialServices

Profile
Fundamentals
Details
Industry
Other Consumer Services
Address
6800 Cintas Boulevard
Phone
+1 513 459-1200
Employees
43000
Web
https://www.cintas.com
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