- Cintas’ 2Q revenue surpassed estimates, reaching $2.38 billion, marking a 9.3% increase from the previous year. The estimated revenue was $2.34 billion.
- The Uniform Rental and Facility Services sector reported a revenue of $1.85 billion, which is an 8.2% increase year on year. The estimated revenue for this sector was $1.83 billion.
- The First Aid and Safety Services sector also saw an increase in revenue, reaching $266.4 million. This is a 13% increase from the previous year, beating the estimate of $260.4 million.
- Earnings per share (EPS) also increased to $3.61 from $3.12 year on year.
- The gross margin was reported at 48%, up from 47% the previous year and beating the estimate of 47.6%.
- The company’s performance has drawn varied responses from the market, with 10 buys, 9 holds, and 2 sells.
Cintas Corp on Smartkarma
Cintas Corporation has recently been the subject of two research reports from independent analyst firm Baptista Research. According to their research, Cintas managed to exceed analyst expectations in terms of revenue and earnings, driven by strong demand for their products and services. The Fire business generated $174.3 million in revenue, with a 14.2% organic revenue growth rate, while the Uniform Rental and Facility Services segment experienced solid organic growth driven by increased volume and new customer acquisitions. The First Aid and Safety Services segment revenue grew 16.4% organically, and the All Other segment revenue grew 14.7% organically.
Overall, the analysts from Baptista Research have a bullish sentiment on Cintas Corporation, citing their collaboration with Honda and other major developments as reasons for their positive outlook. With their impressive revenue and earnings growth, Cintas Corporation is certainly a company to watch.
A look at Cintas Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Cintas Corp is a company that offers a range of services including uniform design, entrance mat provision, restroom supplies, promotional products, document management, fire protection and first aid and safety services. According to Smartkarma Smart Scores, Cintas Corp has a long-term outlook that is fairly positive, with a score of 4 for Growth and Momentum, and a score of 3 for Resilience. Although Value and Dividend scored lower, at 2 and 1 respectively, Cintas Corp is still in a good position to continue to thrive in the long-term.
Overall, Cintas Corp looks set to continue to provide its services for the foreseeable future. With its strong scores for Growth and Momentum, Cintas Corp is well placed to continue to grow and develop in the long-term, and its score for Resilience suggests that it can weather any unforeseen challenges. This makes Cintas Corp a strong bet for the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
