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CTAS

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
Cintas Corporation (CTAS) - A Cup of Potential ReturnsCompany: Cintas Corporation Ticker: CTAS Exchange: NASDAQ Sector: Industrials Introduction: Greetings and welcome to this analysis. Today, we are analyzing the weekly chart of Cintas Corporation (CTAS), containing a potential Cup and Handle pattern, indicating a bullish continuation, has formed. Cup and Handle Pattern: This Cup and Handle pattern is a bullish continuation pattern that marks a consolidation period followed by a breakout. In this case, we've observed a well-defined Cup and Handle over the course of 504 days. Analysis: Cintas Corporation's chart shows a clear Cup and Handle pattern, with horizontal resistance at $461.58. The price seems to have breached this level, but we'll need to wait for the weekly candle's close to confirm. If confirmed, this could present an immediate buying opportunity. All of this action is happening above the 200 EMA, indicating a bullish environment. The projected price target, should the breakout be confirmed, stands at $579.10, signifying a potential rise of 25.5%. Conclusion: The weekly chart of Cintas Corporation portrays a well-defined Cup and Handle pattern, suggesting potential for bullish continuation. Traders should monitor the weekly candle close to confirm the breakout above the horizontal resistance level. As always, this analysis is not financial advice. Prioritize risk management and proper position sizing in all trading decisions. If you found this analysis useful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
NASDAQ:CTAS
by KarimSubhieh
Crude WTI - IMO should bounce on this L/T Ascending Trend lineMATBAROFEX:WTI1! Using a weekly candle chart, Crude right on an upward trend line testing, using the March 2020 low. Crude should bounce from here current level having been tough to break over the last 2 years. Unless we are about to live a historical correction moment on Oil (liquidation/ news flow / Itan) the current price action set up is favouring longs here. As an aside we are also reaching a 50% retardement Fibonacci ratio level taking High 2022/ March 2020 Low.
MATBAROFEX:WTI1!Long
by ArisopeCapital
CTAS - DAILY CHARTHi, today we are going to talk about Cintas and its current landscape. Cintas is poised to receive increasing attention from the market as relevant events are taking place. The company reports its earnings on Tuesday after the market had closed. With an apathetic performance these last months, this report could be a Cintas event to boost its momentum. However, Cintas has been pressured by competition, and its $2.2 billion acquisition of G&K Services hasn't brought the synergy to that company as previously promised, which could create an unpleasant surprise for the bulls. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NASDAQ:CTAS
by Igor-Silva
"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