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Cintas higher after FQ4 earnings beat, above consensus FY 2017 guidance

Jul. 19, 2016 6:16 PM ETCintas Corporation (CTAS) StockCTASBy: Carl Surran, SA News Editor
  • Cintas (NASDAQ:CTAS) +3.2% AH after beating FQ4 earnings expectations and reporting an 11% Y/Y revenue increase to $1.27B, sparked by its main uniform rental and facility services segment which posted growth despite the energy sector downturn.
  • CTAS issues above consensus guidance for FY 2017, seeing EPS of $4.35-$4.45 vs. $4.30 analyst consensus estimate on revenues of $5.15B-$5.225B vs. $5.17B consensus.
  • In FQ4, operating income margin improved to 16% from 15.6% of revenue in the year-ago quarter.
  • For the full fiscal year, CTAS posted EPS from continuing operations of $4.09, up from $3.46 the year before, and revenue rose 9.6% Y/Y to $4.91B.

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