Cintas Corp (CTAS)

Cintas Corp (CTAS)

Postby winston » Thu Oct 04, 2012 6:25 am

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Cintas Corporation provides corporate identity uniforms and related business services for approximately 900,000 businesses in North America, Latin America, Europe, and Asia.

The company operates in four segments:

1. The Rental Uniforms and Ancillary Products segment rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services.

2. The Uniform Direct Sales segment is involved in the direct sale of uniforms and related items, and branded promotional products.

3. The First Aid, Safety, and Fire Protection Services segment offers first aid, safety, and fire protection products and services.

4. The Document Management Services segment provides document destruction, document imaging, and document retention services.

The company offers its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as corporations.
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Re: Cintas Corp (CTAS)

Postby winston » Fri Jul 01, 2016 9:25 pm

Uniform and supplies firm Cintas hits an all-time high… up 20% from its late-January low.
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Re: Cintas Corp (CTAS)

Postby winston » Fri Sep 02, 2016 10:02 pm

Uniforms and supplies firm Cintas rises more than 20% in the past 10 weeks.
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Re: Cintas Corp (CTAS)

Postby winston » Fri Sep 02, 2016 10:09 pm

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Sep 1, 2016

Cintas

Cintas Corporation (NASDAQ: CTAS) provides corporate uniforms, as well as other business services, including entrance mats, restroom cleaning services and supplies, carpet, industrial floor cleaning, and fire protection products.

In August 2016, Cintas announced that it was acquiring competitor G&K Services; this is likely to increase Cintas' market share.

The company had beaten analysts’ earnings expectations four out of the last seven quarters through the fiscal fourth quarter of 2016.

Cintas is reasonably valued, with a forward price-earnings (P/E) ratio of 23.9. It has a market cap of $11.8 billion and pays investors a dividend yield of 0.93%.

The stock closed at a lifetime high of $112.99 as of Aug. 16, 2016. It has a YTD return of 24.1%, outperforming the Standard and Poor’s (S&P) 500 Index’s YTD return by roughly 18%.

Source: Investopedia
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Re: Cintas Corp (CTAS)

Postby winston » Fri Sep 02, 2016 10:12 pm

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Aug 20, 2016

Show me the cash!

Investors of both Cintas (NASDAQ:CTAS) and G&K Services (NASDAQ:GK) cheered when the two agreed to a deal to sign a merger agreement.

The deal calls for Cintas to acquire G&K Services for $97.50 per share, all cash. That level was a 19% premium to the price of G&K's shares at the prior day's close of trading.

While it's no surprise that G&K's stock price immediately traded up to the premium Cintas agreed to pay per share, shares of Cintas were also up roughly 7% after the announcement.

There are a couple of things for investors to consider here. Cintas is putting its money where its mouth is because it's paying a premium for the company -- a total of $2.2 billion -- including the assumption of debt, and at a fairly lofty 14 times EBITDA multiple. Because of the price tag, investors shouldn't expect this transaction to be immediately accretive to earnings.

This is a story that investors believe will pay off as a result of the synergies created from the combined companies over the next few years, rather than being instantly accretive.

Cintas believes it will realize $130 million to $140 million in synergies and cost savings annually by the fourth year.

At the end of the day, the industry's largest player just got bigger, and if management can squeeze synergies and improve its scale, it could work out in favor of investors over the long term.

Source: Motley Fool
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Re: Cintas Corp (CTAS)

Postby winston » Fri Sep 02, 2016 10:38 pm

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Aug 17, 2016

Cintas (CTAS) Stock Up, Barclays Upgrades to 'Overweight'


Barclays said in a note today that Cintas' (CTAS) $2.2 billion deal with G&K Services (GK) was what they 'have been waiting for.'

by Rachel Aldrich

NEW YORK (TheStreet) -- Shares of Cintas (CTAS) were advancing early Wednesday morning as analysts at Barclays upgraded the company to "overweight" from "equal weight," raising their price target on the stock to $130 from $110.

Source: The Street

https://www.thestreet.com/story/1367785 ... yptr=yahoo
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Re: Cintas Corp (CTAS)

Postby winston » Thu Sep 29, 2016 9:48 pm

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Post Earnings Coverage as Cintas' Earnings Grow 30 Percent to Top Forecast

Active Wall St. announces its post-earnings coverage on Cintas Corporation (NASDAQ: CTAS).

The company posted its financial results for the first quarter fiscal 2017 (Q1 FY17) on September 27, 2016.

The Cincinnati, Ohio-based company's Q1 FY17 total revenue and net income from continuing operations surged 7.9% and 30.0% on y-o-y basis, respectively; both beating market expectations.

Source: Active Wall Street

http://finance.yahoo.com/news/post-earn ... 00460.html
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Re: Cintas Corp (CTAS)

Postby winston » Wed Oct 19, 2016 7:01 pm

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Cintas gives shareholders a big reward

by Steve Watkins

Cintas plans $2B acquisition
Cintas chairman exits as stock buyback begins

Cintas Corp. gave its shareholders a lucrative gift by announcing it will increase its annual dividend by a whopping 27 percent.

Cintas said Tuesday it will pay shareholders $1.33 per share on Dec. 2, when it pays its once-a-year dividend. That’s up from $1.05 that it paid a year ago.

Source: Biz Journals

http://www.bizjournals.com/cincinnati/n ... yptr=yahoo
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Re: Cintas Corp (CTAS)

Postby winston » Fri Dec 23, 2016 8:38 pm

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Cintas (CTAS) reported adjusted quarterly profit of $1.13 per share, 2 cents below estimates, while revenue was slightly above forecasts.

The uniform and workplace supplies company also issued a full-year forecast slightly higher than a prior estimate, as its profit margins improve.

Source: CNBC
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Re: Cintas Corp (CTAS)

Postby winston » Sun Dec 25, 2016 2:49 pm

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The Biggest Loser: Cintas Drops 3.1%

By Ben Levisohn

Cintas (CTAS) tumbled to the bottom of the S&P 500 today after its fiscal second-quarter earnings fell short of the Street consensus even as it raised its guidance.

Cintas dropped 3.1% to $116.36 today, while the S&P 500 advanced 0.1% to 2,263.79.

RBC’s Gary Bisbee and Jay Hanna note that a lot of good news had been priced into Cintas’ stock:

We maintain our positive view toward Cintas, particularly as G&K Services (GK) is likely to bolster Cintas’s growth potential over the next few years. However, after strong appreciation since the G&K announcement last August, we believe that much of the good news is already priced in at 25x/22x our pro-forma FY18/FY19 adjusted EPS estimates. As a result, we rate CTAS Sector Perform and await a better entry point.

Cintas’ market capitalization fell to $12.2 billion today from $12.6 billion yesterday. It reported net income of $450 million on sales of $4.9 billion in fiscal 2016.

Source: Barron's

http://blogs.barrons.com/stockstowatcht ... yptr=yahoo
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