Cintas (CTAS) Closed Higher on Q1 Earnings Beat, Guidance - TheStreet

NEW YORK (TheStreet) -- Shares of Cintas (CTAS) - Get Report closed up on heavy trading volume Wednesday after the company posted better-than-anticipated results for the 2017 fiscal first quarter and gave an upbeat outlook.

After yesterday's closing bell, the Cincinnati-based uniform rental company reported earnings from continuing operations of $1.26 per diluted share, handily topping analysts' estimates of $1.08 per share.

Revenue rose 7.9% to $1.29 billion year-over-year, while analysts were looking for $1.28 billion.

For the full year, Cintas expects earnings per share between $4.55 and $4.63 on revenue of $5.16 billion to $5.23 billion. Analysts are looking for earnings of $4.42 per share on revenue of $5.19 billion for fiscal 2017.

About 1.22 million of the company's shares changed hands today compared to its average volume of 732,525 shares per day.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A+ on the stock.

The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: CTAS

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