posted
4:27PM Cintas beats by $0.06, beats on revs; guides FY12 EPS above consensus, revs above consensus (CTAS) 30.86 +0.42 : Reports Q4 (May) earnings of $0.49 per share, $0.06 better than the Capital IQ Consensus Estimate of $0.43; revenues rose 11.3% year/year to $1.01 bln vs the $0.97 bln consensus. Co issues upside guidance for FY12, sees EPS of $1.97-2.05 vs. $1.83 Capital IQ Consensus Estimate; sees FY12 revs of $4.0-4.1 bln vs. $3.98 bln Capital IQ Consensus Estimate. "This guidance assumes a moderately improving economy and employment environment. It also incorporates our estimated impact of the relatively high cotton prices experienced in our fiscal 2011 and no significant increases in energy related costs from our fourth quarter of fiscal 2011 levels... During our fourth quarter and into July, we purchased 15.8 million shares of our common stock at a cost of $500 million... Our fourth quarter organic growth rate of 8.0% represents the fifth straight quarter that our organic growth rate improved. We are pleased by the continued revenue momentum in all of our businesses."
Cintas (CTAS) Could Break Through $31.41 Resistance Level Posted: Wednesday, September 14, 2011 7:54 AM EDT
Cintas Corp (NASDAQ: CTAS) closed Tuesday's trading session at $30.85. In the past year, the stock has hit a 52-week low of $26.48 and 52-week high of $34.54. Cintas (CTAS) stock has been showing support around $30.07 and resistance in the $31.41 range.
posted
Funny. Just saw the markets reaction to CEO Scott Farmer's remarks about the tax laws(Obamacare) for the coming year...
IMO, buy this under $36 if you get the chance over the next month or so... $40+ is coming in the next 6 months as the the market corrects itself... This also depends on a repeal of Obamacare(tax) by Congress come 2013 as new folks are seated.
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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posted
Just checking in here. IMO, I believe this may hit $65 in the next few months. After that, I wouldn't touch this. Hopefully everyone here has their cash out of the market, once the QE Bubble finally bursts.
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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