Cintas (CTAS) Stock is Climbing Today in After-Hours Trading on Earnings Beat
NEW YORK (TheStreet) -- Cintas (CTAS) - Get Report shares are rising 0.94% to $86.97 in after-hours trading today, after the corporate uniform provider released its fiscal 2015 third quarter earnings results after the closing bell.
The company reported third quarter adjusted net income of $94.9 million, or 85 cents per diluted share on revenue of $1.11 billion that was flat from the same period last year. Analysts on average were expecting the company to report earnings of 78 cents per share on revenue of $1.10 billion.
For the full year the company expects earnings to be in the $3.31 per share to $3.34 per share range while revenue is expected to be in the $4.46 billion to $4.49 billion range.
Cintas shares are trading near its all time high and TheStreet's Richard Saintvilus believes that the company is well positioned to give investors value in the future.
TheStreet Ratings team rates CINTAS CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CINTAS CORP (CTAS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: CTAS Ratings Report
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