Cintas Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Cintas (Nasdaq: CTAS  ) rose more than 10% after providing better-than-expected results for its fiscal fourth quarter, and offering 2012 guidance that exceeded analyst projections.

So what: Revenue rose 11.3% to $1.01 billion while per-share earnings improved 36% to $0.49. Wall Street had been calling for $967.5 million and $0.44, respectively. The beat marks the third consecutive quarter in which Cintas has topped earnings estimates by at least 5%, making for a nice momentum story.

Now what: The Big Mo could hang around for a while. Cintas, a business uniform maker, projected $1.97-$2.05 in per-share profit on $4 billion-$4.1 billion in revenue in the year ahead, largely on the strength of an improving job market. Analysts were looking for $1.83 and $4 billion, respectively. Who’s right? You tell me. Weigh in on the economy and Cintas’ prospects using the comments box below.

Interested in more info on Cintas?Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn’t own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

Motley Fool newsletter services have recommended buying shares of Cintas. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Related Tickers

10/21/2016 4:00 PM
CTAS $106.45 Down -0.12 -0.11%
Cintas CAPS Rating: ****