Anzeige
Mehr »
Login
Donnerstag, 28.03.2024 Börsentäglich über 12.000 News von 687 internationalen Medien
Spezial am Donnerstag: Rallye II. - Neuer Anstoß, News und was die Börsencommunity jetzt nicht verpassen will…
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
ACCESSWIRE
155 Leser
Artikel bewerten:
(0)

Pro-Trader Daily: Earnings Review and Free Research Report: Cintas' Adjusted Diluted EPS Increased 17.4%

LONDON, UK / ACCESSWIRE / October 9, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Cintas Corp. (NASDAQ: CTAS), which can be viewed by registering at http://protraderdaily.com/optin/'symbol=CTAS, following the Company's reporting of its financial results on September 26, 2017, for the first quarter of the fiscal year 2018. The Company's total revenue increased 27.2% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CTAS. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/'symbol=CTAS

Earnings Reviewed

For the three months ended August 31, 2017, Cintas' total revenue increased 27.2% to $1.61 billion from $1.27 billion in Q1 FY17. For the reported quarter, the Company's organic revenue growth was 8.3%. The increase was primarily due to the acquisition of G&K Services Inc., the addition of new customers, strong customer retention, and higher penetration of existing customers through better and innovative products and services. The Company's total revenue surpassed analysts' expectations of $1.57 billion.

During Q1 FY18, the Company's gross margin increased 40 basis points to 45.9% of revenue from 45.5% of revenue in the same period of last year.

For the reported quarter, Cintas' selling and administrative expenses increased 31.5% to $486.28 million from $369.70 million in Q1 FY17. The increase was mainly due to amortization expense of the intangible assets established in the purchase price accounting of the G&K acquisition.

During Q1 FY18, Cintas' operating income increased 22.1% to $249.1 million from $203.9 million in Q1 FY17. During Q1 FY18, the Company's operating margin decreased 60 basis points to 15.4% of revenue from 16.0% of revenue in Q1 FY17. The decrease in the operating margin was due to an increase in selling and administrative expenses as a percentage of revenue.

During Q1 FY18, the Company's effective tax rate was 26.5% compared to 28.2% in Q1 FY17.

During Q1 FY18, Cintas' net income increased 18.2% to $161.11 million on a y-o-y basis from $136.21 million in Q1 FY17. For the reported quarter, the Company's diluted earnings per share (EPS) increased 16.9% to $1.45 on a y-o-y basis from $1.24 in Q1 FY17. During Q1 FY18, Cintas' adjusted diluted EPS increased 17.4% to $1.48 on a y-o-y basis from $1.26 in Q1 FY17. The adjusted diluted EPS surpassed analysts' expectations of $1.29.

Segment Details

Uniform Rental and Facility Services - During Q1 FY18, Cintas' Uniform Rental and Facility Services segment's revenue increased 31.9% to $1.31 billion on a y-o-y basis. For the reported quarter, the segment's organic revenue growth was 8.1%, while gross margin increased 10 basis points to 46.1% of revenue from 46.0% of revenue in Q1 FY17.

Other - During Q1 FY18, Cintas' Other segment's revenue increased 10.1% to $299.7 million on a y-o-y basis. For the reported quarter, the segment's organic revenue growth was 11.9%, while gross margin increased 110 basis points to 44.9% of revenue from 43.8% of revenue in Q1 FY17.

Balance Sheet

As on August 31, 2017, Cintas' cash and cash equivalents increased 13% to $191.41 million from $169.27 million in Q4 FY17.

During Q1 FY18, the Company's net accounts receivable decreased 0.6% to $731.58 million from $736.01 million in Q4 FY17.

For the reported quarter, Cintas' net inventories increased 1.7% to $283.20 million from $278.22 million in Q4 FY17.

During Q1 FY18, the Company's accounts payable increased 7% to $189.57 million from $177.05 million in Q4 FY17.

For the reported quarter, Cintas' long-term debt decreased 8.6% to $2.53 billion from $2.77 billion in Q4 FY17.

For the reported quarter, the Company's cash provided by operating activities increased 61.4% to $254.37 million from $157.59 million in Q1 FY17.

During Q1 FY18, Cintas' free cash flow increased 142.8% to $191.85 million from $79.01 million in Q1 FY17.

Outlook

For FY18, Cintas expects revenue to be in the range of $6.33 billion - $6.40 billion and diluted EPS to be in the band of $5.3 - $5.38. The Company estimates effective tax rate to be 34% for the fiscal year 2018.

Stock Performance

At the closing bell, on Friday, October 06, 2017, Cintas' stock marginally climbed 0.72%, ending the trading session at $149.08. A total volume of 614.73 thousand shares have exchanged hands, which was higher than the 3-month average volume of 605.39 thousand shares. The Company's stock price soared 17.81% in the last three months, 21.64% in the past six months, and 33.39% in the previous twelve months. Moreover, the stock surged 29.01% since the start of the year. The stock is trading at a PE ratio of 34.18 and has a dividend yield of 0.89%. The stock currently has a market cap of $16.02 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

Großer Dividenden-Report 2024 von Dr. Dennis Riedl
Der kostenlose Dividenden-Report zeigt ganz genau, wo Sie in diesem Jahr zuschlagen können. Das sind die Favoriten von Börsenprofi Dr. Dennis Riedl
Jetzt hier klicken
© 2017 ACCESSWIRE
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.