Why Cintas (CTAS) Stock Is Jumping Today

NEW YORK (TheStreet) -- Shares of Cintas (CTAS) are higher by 7.52% to $70.91 on heavy volume in early afternoon trading Tuesday after the company reported an increase in fiscal 2015 first-quarter net income to $110.1 million, or 93 cents per diluted share, from $77.8 million, or 63 cents a share, in the year-ago period.

The company, which provides specialized products and services to a variety of businesses, posted an adjusted net income of $92.4 million, or 78 cents a share, compared to $76.5 million, or 62 cents a share, in the fiscal 2014 first quarter.

Cintas' first-quarter revenue climbed to $1.102 billion from $1.10 billion in the same period last year.

Analysts polled by Thomson Reuters expected the company post adjusted earnings of 75 cents a share on revenue of $1.10 billion for the latest quarter.

Separately, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

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

CTAS Chart CTAS data by YCharts

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