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Cintascorporation

Cintas Breaks Out To Record Highs On Earnings Report Cintas Corporation (NYSE: NASDAQ:CTAS ) shattered expectations with its stellar third-quarter performance, propelling the workplace equipment and cleaning supplies provider to record highs and igniting optimism among investors. Cintas' robust earnings report for Q3 exceeded all forecasts, with earnings growth accelerating by an impressive 22.3% to reach $3.84 per share. This remarkable achievement was complemented by a nearly 10% surge in total revenue, soaring to $2.4 billion, surpassing the projections of FactSet analysts. Of particular note was Cintas' enhanced gross margin, which rose to 49.4% from 47.2% year-over-year, underscoring the company's commitment to operational efficiency and profitability. Not content with merely delivering stellar financial results, Cintas ( NASDAQ:CTAS ) demonstrated its dedication to shareholder value by increasing its quarterly cash dividend to shareholders by 17.1%, affirming its status as a stalwart in dividend growth. Bolstered by its exceptional performance, Cintas ( NASDAQ:CTAS ) raised its full-year guidance, projecting revenue to range from $9.57 billion to $9.6 billion for 2024, up from the previous forecast. Similarly, earnings expectations were revised upwards to a range of $14.80 to $15 per share, reflecting the company's confidence in its continued growth trajectory. Moreover, Cintas ( NASDAQ:CTAS ) anticipates a decline in interest expense for 2024, signaling improved financial efficiency and bolstering its bottom-line performance. In response to this stellar performance, NASDAQ:CTAS stock surged by a staggering 10% early Wednesday, catapulting shares to surpass the 636.37 buy point in a four-week tight pattern. Additionally, the stock is trading with a bullish Relative Strength Index (RSI) of 81 indicating an overbought situation or a continuous bullish trend.
NASDAQ:CTAS
by DEXWireNews
"Are We About To See A Break Down?"Cintas Corporation (NASDAQ: CTAS) is at a Critical Make-Or-Break Point right now. If it continues to lose momentum, then we may see a good Down Side as per TTC Breakdown Formation. For Short-term targets, Trader should eye on 147 Zone . Then 144 is the next support. For Swing Traders, 141 Zone is Very Critical. Below which we can see a good amount of selling. Cintas Corporation is an American company with headquarters in Cincinnati, Ohio that provides specialized services to businesses, primarily in North America. The firm designs, manufactures and implements corporate identity uniform programs and provides entrance mats, restroom cleaning and supplies, tile and carpet cleaning, promotional products, first aid, safety, and fire protection products and services.
NASDAQ:CTASShort
by TFTIndia